Form 4: Paylocity Holding Corp Director Steven I. Sarowitz Sells Shares Under 10b5-1 Plan

Director Steven I. Sarowitz of Paylocity Holding Corp sold shares of common stock on March 18th and 19th, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Steven I. Sarowitz, a director at Paylocity Holding Corp, executed multiple sales of common stock on March 18th and 19th, 2025.
• These transactions were conducted under a pre-approved 10b5-1 trading plan adopted on December 17, 2024.
• On March 18, 2025, 100 shares were sold at a price of $190.04.
• On March 19, 2025, multiple sales occurred at weighted average prices of $190.68 (11,827 shares), $191.46 (12,125 shares), and $192.33 (2,253 shares).
• Following these transactions, Steven I. Sarowitz directly owns 8,330,335 shares and indirectly owns 493,695 shares through the Jessica P. Sarowitz Declaration of Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as the transactions were conducted under a pre-arranged 10b5-1 plan.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information. Investors often monitor insider transactions for signals about a company's prospects, but sales under a 10b5-1 plan are generally viewed as less informative.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates

Keywords

Paylocity, Sarowitz, insider trading, Form 4, stock sale, 10b5-1 plan, PCTY, director