The absence of any insider buying alongside these sales, combined with the executive chairman's participation, suggests a cautious internal view. Monitor the next 8-K or earnings release for any operational headwinds — insider selling at these levels is not alarming in isolation but becomes more significant if it accelerates or broadens to other C-suite officers.
Price Chart
Executive Summary
Two Paylocity insiders — Executive Chairman Steven R. Beauchamp and Director/10% Owner Steven I. Sarowitz — sold a combined $498K in open-market shares over a one-week window. While the dollar value is modest relative to Paylocity's ~$9.5B market cap (~0.005%), the cluster involves the executive chairman and a 10% owner, both selling exclusively in open-market transactions with no disclosed 10b5-1 plan, which warrants attention.
Key Financial Metrics
Key Facts
- Two insiders sold a total of ~$498K in open-market shares between Oct 13-20, 2026.
- Executive Chairman Steven R. Beauchamp sold $230K; Director/10% Owner Steven I. Sarowitz sold $268K.
- All transactions were open-market sales (code S) with no 10b5-1 plan indicated.
- Total sales represent ~0.005% of Paylocity's estimated $9.5B market cap.
- No insider purchases were reported in the cluster window.
Financial Impact
~$498K in insider sales, negligible relative to market cap
Risk Factors
- Insider selling may signal lack of confidence in near-term performance or valuation.
- No 10b5-1 plan disclosed — sales could be opportunistic ahead of negative news.
- Cluster involves both executive chairman and a 10% owner, increasing signal weight.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PCTY-1792737838545 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Insider Cluster | $176.46 | awaiting T+1 | — | $170.79 (−3.21%) |
Oct 23, 2026 3d ago | Institutional Cluster | $177.19 $176.46 | ▼ −0.41% | ▼ −1.12% | $170.79 (−3.61%) |
Oct 22, 2026 5d ago | DEFA14A / DEF 14A | $177.67 $177.19 | ▼ −0.27% | ▲ +0.25% | $170.79 (−3.87%) |
Oct 22, 2026 5d ago | Insider Cluster | $177.19 $176.46 | ▲ +0.41% | ▲ +1.12% | $170.79 (+3.61%) |
Oct 21, 2026 5d ago | Insider Cluster | $177.67 $177.19 | ▲ +0.27% | ▼ −0.25% | $170.79 (+3.87%) |
Oct 19, 2026 8d ago | Insider Cluster | $170.06 $169.33 | ▲ +0.43% | ▲ +0.95% | $170.79 (−0.43%) |
Oct 16, 2026 10d ago | Insider Cluster | $166.17 $170.06 | ▲ +2.34% | ▲ +2.01% | $170.79 (+2.78%) |
Sep 10, 2026 6w ago | Press Release | $142.86 $141.66 | ▼ −0.84% | ▼ −1.69% | $170.79 (+19.55%) |
Sep 9, 2026 6w ago | Insider Cluster | $142.86 $141.66 | ▼ −0.84% | ▼ −1.69% | $170.79 (+19.55%) |
Sep 1, 2026 7w ago | Insider Cluster | $154.29 $154.29 | · 0.00% | ▼ −1.05% | $170.79 (+10.69%) |
US Market Status
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