Paylocity Holding Corp: 10% owner Sarowitz Steven I sold 10,617 shares

What happened

• Sarowitz Steven I, listed as a 10% owner, sold a total of 10,617 shares of Paylocity Holding Corp in open-market transactions on Oct 20, 2026, for aggregate proceeds of $1,802,347. The individual sales reported are 1,589 shares at $168.76 for $268,160; 7,369 shares at $169.79 for $1,251,183; 1,459 shares at $170.48 for $248,730; and 200 shares at $171.37 for $34,274.

Key details

• Transaction date: Oct 20, 2026. All four entries are coded as sales (S).
• Reported prices and ranges:
  • 1,589 shares at a weighted average price of $168.76 (shares sold at prices ranging from $168.19 to $169.18) (F2).
  • 7,369 shares at a weighted average price of $169.79 (shares sold at prices ranging from $169.22 to $170.21) (F3).
  • 1,459 shares at a weighted average price of $170.48 (shares sold at prices ranging from $170.23 to $170.99) (F4).
  • 200 shares at a weighted average price of $171.37 (shares sold at prices ranging from $171.34 to $171.41) (F5).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes of record:
  • F1: transactions were conducted under an approved 10b5-1 plan adopted Dec 15, 2025.
  • F2–F5: the reported prices are weighted averages; the reporting person offers to provide the number of shares sold at each separate price within the stated ranges upon request.
• Filing date and timeliness: filing accession shows it was filed on Oct 22, 2026, which is within the typical 2-business-day Form 4 reporting window for an Oct 20, 2026 transaction.

Why it may matter

• The Form 4 reports open-market sales, not option exercises or gifts.
• Sarowitz is identified as a 10% owner, i.e., a large holder rather than an executive in this filing.
• The sales were conducted under a 10b5-1 plan adopted Dec 15, 2025, according to the filing.
• A filing does not show why the insider traded or why the company acted.