Form 4: Steven Sarowitz Transfers Paylocity Shares to Trust
SEC Form 4 Filing
Steven Sarowitz, a director and 10% owner of Paylocity Holding Corp, gifted 20,000 shares to the Jessica P. Sarowitz Declaration of Trust on February 27, 2024.
Summary
- On February 27, 2024, Steven I. Sarowitz, a director and 10% owner of Paylocity Holding Corp, transferred 20,000 shares of common stock to the Jessica P. Sarowitz Declaration of Trust.
- The shares were gifted at a price of $0 per share.
- Following the transaction, Sarowitz directly owns 9,542,376 shares and indirectly owns 20,000 shares through the trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a gift of shares, indicating a neutral sentiment.
Industry Context
This filing reflects a change in beneficial ownership by a significant shareholder of Paylocity, which is a routine event.
Stakeholder Impact
- The transfer of shares may have a minor impact on the overall shareholder structure, but is unlikely to significantly affect other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of the share transfer to the Jessica P. Sarowitz Declaration of Trust |
| 02/29/2024 | Date of signature on the Form 4 filing |
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