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SEC EDGAROCT 261 min read$PCTY

Sarowitz Steven I sold $3.7M of PCTY

Sarowitz Steven I sold 20,926 shares of Paylocity Holding Corp (PCTY) at an average of $176.76 ($176.57–$177.27, $3.70M total) across 3 trades over 2026-10-22 to 2026-10-23 under a Rule 10b5-1 trading plan.

Original reporting
SEC EDGAR · Sarowitz Steven I
Published Oct 26, 2026, 8:12 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 26, 2026, 8:14 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 disclosed sale may be interpreted as a negative signal, but the size relative to the insider's remaining holdings (over 4 million shares) limits the impact.

02

Market read

First‑report insider sale of a material size for a mid‑cap stock; modest trading relevance.

03

Timing

same-day filing

Relevance 5/10Novelty 6/10Timing: same-day filing

Background

SEC Form 4 filing discloses insider transactions. Paylocity is a cloud‑based payroll software provider listed on NASDAQ.

Company-level read

Ticker impact

$PCTYBearishMedium confidence
Context

Director and 10% owner Steven Sarowitz sold $3.7M worth of Paylocity shares via a Form 4 filing.

Expected impact

likely slight downward pressure as the market prices in the insider sale

Evidence & confidence

A $3.7M sale by a director is material for a mid‑cap company and the filing is the first public disclosure.

Key entities

  • company
    Paylocity Holding Corp

    NASDAQ‑listed provider of payroll and HR software.

  • person
    Steven I. 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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