Paylocity Holding Corp: 10% owner Sarowitz sold 10,445 shares

What happened

• Sarowitz Steven I, a 10% owner, sold a total of 10,445 shares of Paylocity Holding Corp on Oct 19, 2026. The filing reports two sale entries: 4,570 shares at $165.99 for $758,574 and 5,875 shares at $166.47 for $978,011, for total proceeds of $1,736,585.

Key details

• Transaction dates and prices: Oct 19, 2026 — 4,570 shares at a weighted average $165.99 (shares traded between $165.21 and $166.21); Oct 19, 2026 — 5,875 shares at a weighted average $166.47 (shares traded between $166.22 and $167.09).
• Shares owned after the transaction: not reported in the provided filing.
• Footnotes: the filing states the sales were conducted under an approved 10b5-1 plan adopted Dec 15, 2025; reported prices are weighted averages with ranges as noted above.
• Filing date and period: Form filed Oct 21, 2026, reporting transactions on Oct 19, 2026.

Why it may matter

• These were open market sales (transaction code S), not option exercises or gifts.
• The reporting person is a 10% owner (a large holder rather than an executive position).
• A filing does not show why the insider traded or why the company acted.