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SEC EDGARAUG 211 min read$PCTY

Sarowitz Steven I sold $1.0M of PCTY

Sarowitz Steven I sold 6,660 shares of Paylocity Holding Corp (PCTY) at an average of $152.42 ($150.63–$154.13, $1.02M total) across 5 trades on 2026-08-20 under a Rule 10b5-1 trading plan.

Original reporting
SEC EDGAR · Sarowitz Steven I
Published Aug 21, 2026, 8:02 PM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Aug 21, 2026, 9:33 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
Neutral
medium confidence
Mentioned
$PCTY
Relevance
5/10
alphai data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$PCTYNeutralLow
01

Why it matters

The filing provides fresh data on insider holdings and recent sale activity.

02

Market read

New insider sale of over $1M may influence short‑term price perception.

03

What to watch

Sarowitz's 10b5-1 plan may be routine diversification rather than a confidence issue.

Relevance 5/10Novelty 5/10Timing: after market close 2026-08-20

Background

SEC Form 4 filing discloses insider transactions; required for transparency.

Company-level read

Ticker impact

$PCTYNeutralMedium confidence
Context

Director and 10% owner Steven Sarowitz sold $1.0M of Paylocity shares via a 10b5-1 plan on 2026-08-20.

Expected impact

Minor downward pressure on PCTY price in the short term.

Evidence & confidence

A $1M sale by a major insider is material but typical for a 10b5-1 plan; market may view it as neutral to slightly negative.

Market effects

Sector

Limited impact on the HR‑software sector; peers unlikely to be affected.

Regional

No regional effect; filing is US‑specific.

Global

Minimal global relevance.

Counterpoint

What could challenge this read

The sale could be a signal of upcoming negative news not yet disclosed.

Key entities

  • company
    Paylocity Holding Corp

    US‑listed HR‑software provider (ticker PCTY).

  • person
    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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