Form 4: Paylocity Holding Director Sells Shares
Insider Transaction (Form 4)
Steven I Sarowitz, a Director and 10% owner of Paylocity Holding Corp, sold 15,107 shares of common stock on August 13, 2026.
Summary
- Open-market sale: disposed of 4,066 Common Stock, par value $0.001 at $150.63 ($612,462) on August 13, 2026; holds 4,498,014 after (Direct).
- Open-market sale: disposed of 5,659 Common Stock, par value $0.001 at $151.54 ($857,565) on August 13, 2026; holds 4,492,355 after (Direct).
- Open-market sale: disposed of 5,299 Common Stock, par value $0.001 at $152.53 ($808,256) on August 13, 2026; holds 4,487,056 after (Direct).
- Open-market sale: disposed of 83 Common Stock, par value $0.001 at $153.06 ($12,704) on August 13, 2026; holds 4,486,973 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $2,290,987 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 |
|---|---|---|---|---|---|---|
| 2026-08-13 | Open-market sale | Common Stock, par value $0.001 | 4,066 | $151 | $612.5K | 4,498,014 |
| 2026-08-13 | Open-market sale | Common Stock, par value $0.001 | 5,659 | $152 | $857.6K | 4,492,355 |
| 2026-08-13 | Open-market sale | Common Stock, par value $0.001 | 5,299 | $153 | $808.3K | 4,487,056 |
| 2026-08-13 | Open-market sale | Common Stock, par value $0.001 | 83 | $153 | $12.7K | 4,486,973 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-13 | Open-market sale (4,066 shares) |
| 2026-08-13 | Open-market sale (5,659 shares) |
| 2026-08-13 | Open-market sale (5,299 shares) |
| 2026-08-13 | Open-market sale (83 shares) |
Keywords
insider transaction, Form 4, PCTY, Paylocity Holding Corp, bearish, Steven I Sarowitz
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