Form 4: Paylocity Holding Director Sells Shares
Insider Transaction (Form 4)
Steven I Sarowitz, a Director and 10% owner of Paylocity Holding Corp, sold 6,660 shares of common stock on August 20, 2026.
Summary
- Open-market sale: disposed of 1,399 Common Stock, par value $0.001 at $150.63 ($210,731) on August 20, 2026; holds 4,478,656 after (Direct).
- Open-market sale: disposed of 635 Common Stock, par value $0.001 at $151.44 ($96,164) on August 20, 2026; holds 4,478,021 after (Direct).
- Open-market sale: disposed of 2,513 Common Stock, par value $0.001 at $152.81 ($384,012) on August 20, 2026; holds 4,475,508 after (Direct).
- Open-market sale: disposed of 2,092 Common Stock, par value $0.001 at $153.42 ($320,955) on August 20, 2026; holds 4,473,416 after (Direct).
- Open-market sale: disposed of 21 Common Stock, par value $0.001 at $154.13 ($3,237) on August 20, 2026; holds 4,473,395 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $1,015,099 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 |
|---|---|---|---|---|---|---|
| 2026-08-20 | Open-market sale | Common Stock, par value $0.001 | 1,399 | $151 | $210.7K | 4,478,656 |
| 2026-08-20 | Open-market sale | Common Stock, par value $0.001 | 635 | $151 | $96.2K | 4,478,021 |
| 2026-08-20 | Open-market sale | Common Stock, par value $0.001 | 2,513 | $153 | $384.0K | 4,475,508 |
| 2026-08-20 | Open-market sale | Common Stock, par value $0.001 | 2,092 | $153 | $321.0K | 4,473,416 |
| 2026-08-20 | Open-market sale | Common Stock, par value $0.001 | 21 | $154 | $3.2K | 4,473,395 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-20 | Open-market sale (1,399 shares) |
| 2026-08-20 | Open-market sale (635 shares) |
| 2026-08-20 | Open-market sale (2,513 shares) |
| 2026-08-20 | Open-market sale (2,092 shares) |
| 2026-08-20 | Open-market sale (21 shares) |
Keywords
insider transaction, Form 4, PCTY, Paylocity Holding Corp, bearish, Steven I Sarowitz
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