Sarowitz Steven I

Angel Studios director Sarowitz acquires over 321K shares in substantial open-market purchase as stock trades sharply below 52-week high.

Director Steven Sarowitz purchased over 321,000 shares at a single price point, representing a massive increase to his ownership position. The purchase stands out because it comes while the stock is trading substantially below its recent highs and Sarowitz has a notable insider history—his twenty prior transactions were all sales, and those sales were consistently well-timed against subsequent price declines. This flip from an exclusive track record of selling to a significant buy deserves attention. However, Angel Studios is currently unprofitable and burning cash, even as revenues have grown substantially. Sarowitz is buying into a company with deteriorating financial fundamentals, which blunts the signal that a director's purchase might otherwise carry. The shift from systematic selling to accumulation is unusual and worth monitoring closely, but the underlying business condition—negative earnings and significant losses—introduces real risk to the thesis.

Director Sarowitz sold 14,123 shares across 2 transactions for $2,830,566.48, reducing holdings 5.3% from 265.2K to 251.1K shares.

Steven I Sarowitz, Director at Paylocity, executed 2 separate sales totaling 14,123 shares for $2,830,566.48 on 2025-05-20 and 2025-05-21 at a blended average price of $200.42. The company reported strong fundamentals with revenue of $454,548,000.00 and net income of $91,483,000.00 in the latest quarter, alongside 19.4% annual revenue growth. The sales occurred in proximity to each other and reduced Sarowitz's stake by 5.3%, from 265,191 shares to 251,068 shares. Current price of $196.91 is 9.6% below the 52-week high of $217.86, and the 30-day change shows +7.6% momentum despite the longer 90-day decline of -3.9%.

Director Sarowitz sells 125,701 shares ($25.2M) across 4 transactions; reduces stake 32.2%, stock near 52-week highs

Steven I Sarowitz, a Director at Paylocity, executed 4 separate sales totaling 125,701 shares for $25,235,429.67 at a blended average price of $200.76 on May 16 and May 19, 2025. This represents a 32.2% reduction in his pre-transaction holdings from 390,892 shares to 265,191 shares. The sales occurred near the stock's 52-week high of $217.86 (current price $200.56 is -7.9% from that peak), and follow a period of rapid recent price appreciation (+9.0% over 30 days). Across his broader open-market trading history, Sarowitz's 20 prior sells achieved a 100.00% well-timed rate at the 90-day mark, though his same-ticker history at PCTY shows 5 recent sells (May 12–20) with no yet-measurable outcomes and a historical 0 well-timed rate at this ticker. The large dollar magnitude and substantial reduction in holdings warrant investor attention to the signaling content of the transaction and its potential forward guidance regarding insider conviction.

Director Sarowitz sold 11,108 PCTY shares at $200.32; holds 390,892 post-trade amid stock up 9.4% in 30d.

Steven I Sarowitz sold 11,108 shares for $2,225,154.56 on 2025-05-14 at $200.32, reducing his stake by 2.8% to 390,892 shares. The sale occurred within a recent run-up—PCTY has gained 9.4% in the 30-day period preceding this trade and stands at $201.04, just below the transaction price. The director's cross-ticker track record shows a 100.00% well-timed sell rate with an average 90-day return of -6.5% across 20 prior sales, suggesting a pattern of selling before declines; however, his five prior trades at PCTY itself are all too recent (conducted 2025-05-12 through 2025-05-16) to have measurable outcomes. With a P/E of 48.80 and revenue growth of 19.4% year-over-year, PCTY trades at a premium valuation, but this single sale—a routine portfolio adjustment for a 390K-share holder—does not constitute material evidence of concern at the company fundamentals level.

Director Steven I Sarowitz sold 18,000 shares of PCTY for $3,611,837.20 across 3 transactions at $200.54–$201.19 (5/12–5/13).

Steven I Sarowitz, a Director, executed 3 separate sales totaling 18,000 shares for $3,611,837.20 at an average price of $200.66, reducing his holdings from 420,000 to 402,000 shares (-4.3%). The sales occurred at prices near the top of the 52-week range ($131.85–$217.86), with current price at $199.47 suggesting the insider sold close to recent highs. His cross-ticker track record shows a 100.00% well-timed rate across 20 prior sells with an average 90-day return of -6.7%, but at PCTY specifically, all 5 prior measurable trades show negative 30-day returns (-3.4% to -5.9%), with no 90-day outcomes yet available for prior PCTY trades. The timing of this sale relative to the stock's +6.4% 30-day gain and proximity to the 52-week high warrants observation of near-term price action.

Director Sarowitz sells 26,252 shares at blended average $194.91; retains 420,000 shares post-transaction.

Steven I Sarowitz (Director) executed 3 separate sales totaling 26,252 shares for $5,116,789.73 on 2025-03-24, reducing his position from 446,252 to 420,000 shares (-5.9%). The sales occurred at prices ($194.27, $195.16, $195.91) near the current price of $194.12, which sits -10.9% below the 52-week high of $217.86 and -6.3% below the 30-day average. Across his 20 prior open-market sells (cross-ticker), Sarowitz's timing track record shows a 100.00% well-timed rate at the 90-day mark, with an average 90-day return of -7.5% after his sales, indicating his prior sells preceded subsequent declines. At PCTY specifically, his 5 most recent trades (all sells, conducted 2025-03-20 to 2025-03-21) have not yet matured to measurable 30-day or 90-day outcomes. The company trades at a P/E of 49.02 with revenue growth of +19.4% year-over-year, though the stock has retreated -3.2% over the past 90 days.

Director Steven I Sarowitz sold 47,443 shares of Paylocity (PCTY) for $9,067,321.70 across 5 transactions at blended average $191.12, retaining 446,252 shares.

Director Steven I Sarowitz executed 5 separate sales totaling 47,443 shares for $9,067,321.70 between March 20–21, 2025, at prices ranging from $190.44 to $192.16 (blended average $191.12). The current stock price of $196.16 sits -10.0% from the 52-week high and has declined -4.2% over the past 30 days. Post-transaction, Sarowitz retains 446,252 shares, representing a -9.6% reduction from his 493,695-share pre-transaction holdings. His cross-ticker track record shows 20 prior sells with a 100.00% well-timed rate at the 90-day mark, though measurable outcomes from his recent PCTY sales are not yet available. The company trades at a P/E of 49.54 with revenue growth of +19.4% year-over-year, reflecting substantial valuation relative to near-term earnings. The scale of this sale ($9.1M across five transactions) constitutes a material reduction in a significant stakeholder position.

Paylocity director Steven I Sarowitz sold 26,305 shares for $5,028,948.35 across 4 transactions on 2025-03-18/19

Steven I Sarowitz, a director at Paylocity, executed 4 separate sales totaling 26,305 shares for $5,028,948.35 at an average price of $191.18 on March 18–19, 2025. This represents a -5.1% reduction from his pre-transaction holdings of 520,000 shares. His cross-ticker track record shows 20 prior sells with a 90d well-timed rate of 100.00%, and at Paylocity specifically, all 3 prior measurable sales (on 2024-12-17) were well-timed at the 90-day mark, with negative 90d returns ranging from -5.4% to -6.9%. The current stock price of $190.75 is -12.4% from the 52-week high of $217.86, and 30-day and 90-day price changes both stand at -12.4%, suggesting the insider sold near a local peak. The company's fundamentals show strong revenue growth at +19.4% annually with a P/E of 48.17, but the insider's consistent pattern of well-timed sales preceding price declines warrants attention as a potential early signal of relative valuation concerns.

Director Sarowitz sold 11,473 shares at blended $203.37 on 2024-12-17 for $2.3M, retaining 8.34M shares post-transaction.

Sarowitz sold 11,473 shares across 5 transactions on 2024-12-17 for a total of $2,333,312.49 at prices ranging from $201.20 to $205.00, representing a -0.1% net change to his holdings. This sale occurred while the stock traded near its 52-week high of $213.79, with current price at $196.20 reflecting an -8.2% pullback from peak. The director maintains substantial continued ownership of 8,344,545 shares and the modest reduction (0.1% of holdings) appears proportional to his existing position. Notably, Sarowitz executed multiple sales the prior day (2024-12-16, per SAME-TICKER HISTORY), suggesting a deliberate liquidation sequence rather than a one-time event, though recent timing outcomes at this ticker are not yet measurable due to the recency of transactions.

Director Sarowitz sold 9,515 shares at average $202.55 for $1.9M on 2024-12-16

Director Steven I Sarowitz executed 4 separate sales totaling 9,515 shares for $1,927,232.15 on 2024-12-16, reducing his holdings from 8,365,533 to 8,356,018 shares (-0.1%). The transaction occurred at prices ranging from $200.48 to $203.67, near the company's 52-week high of $213.79 and above the current price of $194.40. Paylocity trades at a P/E of 48.84 with recent quarterly revenue of $362,956,000.00 and annual revenue growth of +19.4%, reflecting a high-growth profile. The sale represents a modest reduction in holdings and follows 5 recent sales at the same ticker (2024-12-17), though prior sale-timing outcomes at this ticker are not yet measurable.