Steven I. Sarowitz - May 16, 2025 Form 4 Insider Report for Paylocity Holding Corp (PCTY)

Role
Director, 10%+ Owner
Signature
/s/ Kris Kang, attorney-in-fact to Steven I. Sarowitz
Stock symbol
PCTY
Transactions as of
May 16, 2025
Transactions value $
-$25,235,430
Form type
4
Date filed
5/20/2025, 04:09 PM
Previous filing
May 16, 2025
Next filing
May 22, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Sarowitz Steven I Director, 10%+ Owner C/O 1400 AMERICAN LANE, SCHAUMBURG /s/ Kris Kang, attorney-in-fact to Steven I. Sarowitz 2025-05-20 0001597870

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCTY Common Stock, par value $0.001 Sale -$10.7M -53.3K -13.63% $200.62 338K May 16, 2025 By Jessica P. Sarowitz Declaration of Trust F1, F2
transaction PCTY Common Stock, par value $0.001 Sale -$2.06M -10.3K -3.04% $201.09 327K May 16, 2025 By Jessica P. Sarowitz Declaration of Trust F1, F3
transaction PCTY Common Stock, par value $0.001 Sale -$7.88M -39.3K -11.99% $200.64 288K May 19, 2025 By Jessica P. Sarowitz Declaration of Trust F1, F4
transaction PCTY Common Stock, par value $0.001 Sale -$4.61M -22.9K -7.96% $201.13 265K May 19, 2025 By Jessica P. Sarowitz Declaration of Trust F1, F5
holding PCTY Common Stock, par value $0.001 8.33M May 16, 2025 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on December 17, 2024.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $200.00 to $201.00, inclusive. The reporting person undertakes to provide to Paylocity Holding Corporation, any security holder of Paylocity Holding Corporation, or the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 2 and 3 of this Form 4.
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $201.01 to $201.56, inclusive.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $200.01 to $201.01, inclusive. The reporting person undertakes to provide to Paylocity Holding Corporation, any security holder of Paylocity Holding Corporation, or the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 4 and 5 of this Form 4.
F5 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $201.02 to $201.46, inclusive.