Form 4: Paylocity Holding Director Sells Shares
Insider Transaction (Form 4)
Steven I Sarowitz, a Director and 10% owner of Paylocity Holding Corp, sold 5,100 shares of common stock on August 28, 2026.
Summary
- Open-market sale: disposed of 1,210 Common Stock, par value $0.001 at $158.12 ($191,325) on August 28, 2026; holds 4,452,285 after (Direct).
- Open-market sale: disposed of 3,885 Common Stock, par value $0.001 at $158.69 ($616,511) on August 28, 2026; holds 4,448,400 after (Direct).
- Open-market sale: disposed of 5 Common Stock, par value $0.001 at $159.36 ($797) on August 28, 2026; holds 4,448,395 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $808,633 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 |
|---|---|---|---|---|---|---|
| 2026-08-28 | Open-market sale | Common Stock, par value $0.001 | 1,210 | $158 | $191.3K | 4,452,285 |
| 2026-08-28 | Open-market sale | Common Stock, par value $0.001 | 3,885 | $159 | $616.5K | 4,448,400 |
| 2026-08-28 | Open-market sale | Common Stock, par value $0.001 | 5 | $159 | $797 | 4,448,395 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-28 | Open-market sale (1,210 shares) |
| 2026-08-28 | Open-market sale (3,885 shares) |
| 2026-08-28 | Open-market sale (5 shares) |
Keywords
insider transaction, Form 4, PCTY, Paylocity Holding Corp, bearish, Steven I Sarowitz
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