Paylocity Holding Corp: 10% owner Sarowitz Steven I sold 5,744 shares

What happened

• Steven I. Sarowitz, 10% owner, sold a total of 5,744 shares in four open-market transactions on Oct 21, 2026, for aggregate proceeds of $978,109.
  • 552 shares at a weighted average price of $169.01 for $93,294 (prices in these trades ranged $168.32 to $169.31).
  • 2,728 shares at a weighted average price of $169.77 for $463,133 (prices ranged $169.33 to $170.32).
  • 1,564 shares at a weighted average price of $170.94 for $267,350 (prices ranged $170.34 to $171.26).
  • 900 shares at a weighted average price of $171.48 for $154,332 (prices ranged $171.35 to $171.65).

Key details

• Transaction date: Oct 21, 2026; filing date: Oct 23, 2026.
• Prices: weighted averages shown above; individual trades occurred within the ranges listed for each block and the filer offers to provide per-price breakdown on request.
• Shares owned after the transaction: not stated in the provided filing excerpt.
• Footnotes: the filing states the trades were conducted under an approved 10b5-1 plan adopted Dec 15, 2025.
• Filing timeliness: the filing was submitted on Oct 23, 2026; no late filing is indicated in the provided data.

Why it may matter

• These were open-market sales, not option exercises or gifts.
• Sarowitz is reported as a 10% owner, which denotes a large holder rather than an executive title in the filing.
• This filing does not show why the insider traded or why the company acted.