Form 4: Paylocity Holding Director Sells Shares
Insider Transaction (Form 4)
Steven I Sarowitz, a Director and 10% owner of Paylocity Holding Corp, sold 19,459 shares of common stock on August 27, 2026.
Summary
- Open-market sale: disposed of 825 Common Stock, par value $0.001 at $155.53 ($128,312) on August 27, 2026; holds 4,472,129 after (Direct).
- Open-market sale: disposed of 1,981 Common Stock, par value $0.001 at $156.57 ($310,165) on August 27, 2026; holds 4,470,148 after (Direct).
- Open-market sale: disposed of 6,688 Common Stock, par value $0.001 at $157.64 ($1,054,296) on August 27, 2026; holds 4,463,460 after (Direct).
- Open-market sale: disposed of 9,965 Common Stock, par value $0.001 at $158.31 ($1,577,559) on August 27, 2026; holds 4,453,495 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $3,070,333 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 |
|---|---|---|---|---|---|---|
| 2026-08-27 | Open-market sale | Common Stock, par value $0.001 | 825 | $156 | $128.3K | 4,472,129 |
| 2026-08-27 | Open-market sale | Common Stock, par value $0.001 | 1,981 | $157 | $310.2K | 4,470,148 |
| 2026-08-27 | Open-market sale | Common Stock, par value $0.001 | 6,688 | $158 | $1.1M | 4,463,460 |
| 2026-08-27 | Open-market sale | Common Stock, par value $0.001 | 9,965 | $158 | $1.6M | 4,453,495 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-27 | Open-market sale (825 shares) |
| 2026-08-27 | Open-market sale (1,981 shares) |
| 2026-08-27 | Open-market sale (6,688 shares) |
| 2026-08-27 | Open-market sale (9,965 shares) |
Keywords
insider transaction, Form 4, PCTY, Paylocity Holding Corp, bearish, Steven I Sarowitz
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