Paylocity Holding Corp: 10% owner Sarowitz Steven I sold 5,500 shares

What happened Sarowitz Steven I, a 10% owner, sold a total of 5,500 shares in open market or private sales (transaction code S) on Oct 16, 2026. The filing reports four sales: 1,868 shares at a weighted average price of $165.34 for $308,855; 3,132 shares at $166.20 for $520,538; 397 shares at $167.56 for $66,521; and 103 shares at $168.58 for $17,364, totaling $913,278.

Key details

• Transaction date: Oct 16, 2026. Transaction type: Sale (S).
• Per-sale details from the filing:
  • 1,868 shares at weighted avg price $165.34 for $308,855 (prices ranged $165.00 to $165.78; footnote F2).
  • 3,132 shares at weighted avg price $166.20 for $520,538 (prices ranged $166.01 to $166.54; footnote F3).
  • 397 shares at weighted avg price $167.56 for $66,521 (prices ranged $167.35 to $167.87; footnote F4).
  • 103 shares at weighted avg price $168.58 for $17,364 (prices ranged $168.46 to $168.60; footnote F5).
• Shares owned after the transaction: not reported in the provided filing excerpt.
• Footnotes: F1 indicates the sales were made under an approved 10b5-1 plan adopted Dec 15, 2025. F2–F5 explain that the reported prices are weighted averages with ranges for the multiple executions.
• Filing date: Oct 19, 2026. The filing does not indicate it was filed late.

Why it may matter The filing shows sales by a 10% owner (a large holder, not an executive) executed under a 10b5-1 plan adopted Dec 15, 2025. A filing does not show why the insider traded or why the company acted.