Paylocity Holding Corp: 10% owner Sarowitz Steven I sold 17,694 shares

What happened Sarowitz Steven I, a 10% owner, sold 11,600 shares at a weighted-average price of $165.59 for $1,920,844 and sold 6,094 shares at a weighted-average price of $166.21 for $1,012,884 on Oct 15, 2026. The Form 4 reporting these open-market sales was filed on Oct 16, 2026. Total proceeds reported: $2,933,728.

Key details

• Transaction date and prices: Oct 15, 2026 — 11,600 shares at a weighted-average price of $165.59 (range $165.00–$165.99 per footnote); 6,094 shares at a weighted-average price of $166.21 (range $166.01–$166.42 per footnote).
• Shares owned after the transaction: not stated in the filing.
• Footnotes: F1 — transactions conducted under an approved 10b5-1 plan adopted Dec 15, 2025. F2 — first sale price is a weighted average; shares sold at multiple prices in the $165.00–$165.99 range and the filer will provide breakdown on request. F3 — second sale price is a weighted average; shares sold at multiple prices in the $166.01–$166.42 range.
• Filing date: Form 4 filed Oct 16, 2026, reporting trades on Oct 15, 2026.

Why it may matter

• The sales were executed under a 10b5-1 plan (pre-arranged trading plan).
• As a 10% owner, Sarowitz is a large holder rather than a company executive. A filing does not show why the insider traded or why the company acted.