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SEC EDGARAUG 201 min read$PCTY

Sarowitz Steven I sold $1.3M of PCTY

Sarowitz Steven I sold 8,539 shares of Paylocity Holding Corp (PCTY) at an average of $150.20 ($150.20–$151.06, $1.28M total) across 2 trades on 2026-08-19 under a Rule 10b5-1 trading plan.

Original reporting
SEC EDGAR · Sarowitz Steven I
Published Aug 20, 2026, 8:07 PM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Aug 20, 2026, 8:10 PM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About alphai AI DeskScoring methodologyReport an issue
alphai market briefInsider activity
Primary signal
$PCTY
Bearish
medium confidence
Mentioned
$PCTY
Relevance
5/10
alphai data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$PCTYBearishLow
01

Why it matters

The filing provides the first public notice of the director's share reduction.

02

Market read

First‑report insider sale may influence short‑term price action.

03

What to watch

The sale was pre‑arranged under a 10b5‑1 plan, reducing negative interpretation.

Relevance 5/10Novelty 6/10Timing: same-day filing (2026-08-19)

Background

SEC Form 4 filing discloses insider transactions for public companies.

Company-level read

Ticker impact

$PCTYBearishMedium confidence
Context

Director Steven Sarowitz sold 8,539 shares for $1.28M via a 10b5-1 plan, reducing his stake.

Expected impact

Possible modest downside of 1-2% in the next few days.

Evidence & confidence

Director sales often weigh on sentiment, but the size relative to holdings (~0.19%) is modest.

Market effects

Sector

Minimal impact on the broader HR software sector.

Regional

Limited to U.S. markets where Paylocity trades.

Global

Low

Counterpoint

What could challenge this read

Insider sale could be routine liquidity management, not a bearish signal.

Key entities

  • Company
    Paylocity Holding Corp

    Provider of cloud‑based payroll and HR solutions, ticker PCTY.

  • Individual
    Steven Sarowitz

    Director and 10% owner of Paylocity.

Read at source← All news

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

PCTY insider trading history →

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