Paylocity Holding Corp: 10% owner Sarowitz Steven I sold 20,926 shares

What happened

• Sarowitz Steven I, a 10% owner, sold a total of 20,926 shares in open-market transactions for total proceeds of $3,698,801. The filing reports: 8,080 shares on Oct 22, 2026 at a reported weighted average price of $176.57 for $1,426,686; 10,398 shares on Oct 23, 2026 at $176.78 for $1,838,158; and 2,448 shares on Oct 23, 2026 at $177.27 for $433,957.

Key details

• Transaction dates and prices:
  • Oct 22, 2026: 8,080 shares at $176.57 (weighted average; see footnote F2).
  • Oct 23, 2026: 10,398 shares at $176.78 (weighted average; see footnote F2).
  • Oct 23, 2026: 2,448 shares at $177.27 (weighted average; see footnote F3).
• Shares owned after the transactions: not reported in this filing.
• Footnotes:
  • F1: sales were conducted under an approved 10b5-1 plan adopted Dec 15, 2025.
  • F2: the reported price is a weighted average; those shares were sold in multiple transactions at prices ranging from $176.17 to $177.17. The reporting person will provide details on request.
  • F3: the reported price is a weighted average; those shares were sold in multiple transactions at prices ranging from $177.18 to $177.43.
• Filing date and period of report: filing submitted Oct 26, 2026 for transactions with a period of report starting Oct 22, 2026.

Why it may matter

• The Form 4 shows open-market sales (transaction code S), not option exercises or gifts.
• Sarowitz is reported as a 10% owner, i.e., a large holder rather than an executive.
• A filing does not show why the insider traded or why the company acted.