Form 4: Paylocity Holding Director Sells Shares
Insider Transaction (Form 4)
Steven I Sarowitz, a Director and 10% owner of Paylocity Holding Corp, sold 32,972 shares of common stock on August 7, 2026.
Summary
- Open-market sale: disposed of 13,450 Common Stock, par value $0.001 at $150.73 ($2,027,318) on August 7, 2026; holds 4,521,602 after (Direct).
- Open-market sale: disposed of 954 Common Stock, par value $0.001 at $151.90 ($144,913) on August 7, 2026; holds 4,520,648 after (Direct).
- Open-market sale: disposed of 5,192 Common Stock, par value $0.001 at $152.91 ($793,909) on August 7, 2026; holds 4,515,456 after (Direct).
- Open-market sale: disposed of 10,219 Common Stock, par value $0.001 at $153.77 ($1,571,376) on August 7, 2026; holds 4,505,237 after (Direct).
- Open-market sale: disposed of 2,128 Common Stock, par value $0.001 at $154.92 ($329,670) on August 7, 2026; holds 4,503,109 after (Direct).
- Open-market sale: disposed of 1,029 Common Stock, par value $0.001 at $155.81 ($160,328) on August 7, 2026; holds 4,502,080 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $5,027,514 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Steven I Sarowitz — Director, 10% owner
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-07 | Open-market sale | Common Stock, par value $0.001 | 13,450 | $151 | $2.0M | 4,521,602 |
| 2026-08-07 | Open-market sale | Common Stock, par value $0.001 | 954 | $152 | $144.9K | 4,520,648 |
| 2026-08-07 | Open-market sale | Common Stock, par value $0.001 | 5,192 | $153 | $793.9K | 4,515,456 |
| 2026-08-07 | Open-market sale | Common Stock, par value $0.001 | 10,219 | $154 | $1.6M | 4,505,237 |
| 2026-08-07 | Open-market sale | Common Stock, par value $0.001 | 2,128 | $155 | $329.7K | 4,503,109 |
| 2026-08-07 | Open-market sale | Common Stock, par value $0.001 | 1,029 | $156 | $160.3K | 4,502,080 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-07 | Open-market sale (13,450 shares) |
| 2026-08-07 | Open-market sale (954 shares) |
| 2026-08-07 | Open-market sale (5,192 shares) |
| 2026-08-07 | Open-market sale (10,219 shares) |
| 2026-08-07 | Open-market sale (2,128 shares) |
| 2026-08-07 | Open-market sale (1,029 shares) |
Keywords
insider transaction, Form 4, PCTY, Paylocity Holding Corp, bearish, Steven I Sarowitz
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