Sarowitz Steven I has disclosed a series of stock transactions involving Paylocity Holding Corp, a notable player in the prepackaged software industry. This activity is significant as it reflects Sarowitz's investment strategies and confidence in the company's future prospects.

According to the recent SEC filing dated November 3, 2026, Sarowitz reported multiple transactions that took place on October 30, 2026. The filing indicates that Sarowitz sold a total of 6,374 shares of Paylocity common stock, with transaction prices ranging from $170.00 to $172.37 per share. Following these transactions, Sarowitz retains ownership of approximately 4,348,395 shares.

Background

Sarowitz Steven I is an individual investor with significant holdings in Paylocity Holding Corp, which trades under the ticker PCTY. Paylocity is incorporated in Delaware and operates within the services sector, specifically focusing on prepackaged software, as classified under the standard industrial classification (SIC) code 7372. The company is headquartered in Schaumburg, Illinois.

What the Filing Says

The SEC filing reveals that Sarowitz executed the stock sales under an approved 10b5-1 Plan, which was adopted on December 15, 2025. The filing states, "The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $170.00 to $170.75, inclusive." This indicates a structured approach to the sales, consistent with regulatory compliance.

Impact

This series of transactions may impact various stakeholders, including existing shareholders of Paylocity and potential investors. The reported sales reflect Sarowitz's ongoing strategy to manage his holdings in the company, which could influence market perceptions regarding Paylocity's stock performance.

What's Next

The filing does not say what happens next.