Form 4: Paylocity Holding Director Sells Shares
Insider Transaction (Form 4)
Steven I Sarowitz, a Director and 10% owner of Paylocity Holding Corp, sold 17,694 shares of common stock on October 15, 2026.
Summary
- Open-market sale: disposed of 11,600 Common Stock, par value $0.001 at $165.59 ($1,920,844) on October 15, 2026; holds 4,436,795 after (Direct).
- Open-market sale: disposed of 6,094 Common Stock, par value $0.001 at $166.21 ($1,012,884) on October 15, 2026; holds 4,430,701 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $2,933,728 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 |
|---|---|---|---|---|---|---|
| 2026-10-15 | Open-market sale | Common Stock, par value $0.001 | 11,600 | $166 | $1.9M | 4,436,795 |
| 2026-10-15 | Open-market sale | Common Stock, par value $0.001 | 6,094 | $166 | $1.0M | 4,430,701 |
Key Dates
| Date | Description |
|---|---|
| 2026-10-15 | Open-market sale (11,600 shares) |
| 2026-10-15 | Open-market sale (6,094 shares) |
Keywords
insider transaction, Form 4, PCTY, Paylocity Holding Corp, bearish, Steven I Sarowitz
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