Paycom Insider Report: Smith Disposes 2,700 PAYC Shares; Trust Holds 24,533

Rhea-AI Filing Summary

Paycom Software, Inc. (PAYC) insider Bradley Scott Smith reported multiple disposals of common stock, primarily by the Bradley Scott Smith Revocable Trust. The Form 4 shows a July 17, 2025 transfer of 1,200 shares reported as a disposition and multiple sales on September 12, 2025 totaling 1,500 shares at weighted average prices in the $222.01 to $225.81 range. Following these transactions, the reporting person beneficially owned 24,533 shares indirectly through the revocable trust. The filing discloses that the September sales were made under a Rule 10b5-1 trading plan adopted December 12, 2024, and that reported holdings include unvested restricted stock units and restricted shares.

Positive

• Sales executed under a Rule 10b5-1 plan, indicating pre-established trading intent and reduced concerns about opportunistic timing
• Clear disclosure of trust ownership and unvested equity, improving transparency about the reporting person’s beneficial ownership

Negative

• Insider dispositions totaling 2,700 shares between July and September 2025, which modestly reduce officer-linked holdings
• Remaining beneficial ownership is indirect via a revocable trust, which can obscure direct control or intent though disclosed

Insights

Securities Analyst

TL;DR Insider sold a modest number of shares under a pre-established 10b5-1 plan; holdings remain concentrated in a revocable trust.

The sales comprise 2,700 shares disposed between July and September 2025, executed partly under a Rule 10b5-1 plan which reduces the implication of opportunistic timing. The reporting person now reports 24,533 indirect shares held by the revocable trust and discloses 13,294 unvested RSUs plus 26,000 unvested restricted shares as part of total beneficial ownership calculations. For investors, this is a routine disclosure showing ongoing officer liquidity rather than a clear signal of company fundamentals.

Corporate Governance Expert

TL;DR Proper use of a 10b5-1 plan and clear trust disclosure align with good governance and SEC reporting practices.

The filing explicitly states the 10b5-1 plan adoption date and provides weighted average price ranges for the September sales, and the reporting person discloses the trust structure and pecuniary-interest disclaimer. Inclusion of unvested equity amounts enhances transparency. These disclosures follow expected governance norms for officer trades and beneficial ownership reporting.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Smith Bradley Scott

(Last) (First) (Middle)

7501 W. MEMORIAL ROAD

(Street)

OKLAHOMA CITY OK 73142

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Paycom Software, Inc. [ PAYC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Information Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/17/2025		G		1,200	D	$0.00	26,033	I	By Bradley Scott Smith Revocable Trust, dated October 30, 2017(3)
Common Stock	09/12/2025		S(1)		586	D	$222.54(2)	25,447	I	By Bradley Scott Smith Revocable Trust, dated October 30, 2017(3)
Common Stock	09/12/2025		S(1)		752	D	$223.47(4)	24,695	I	By Bradley Scott Smith Revocable Trust, dated October 30, 2017(3)
Common Stock	09/12/2025		S(1)		138	D	$224.82(5)	24,557	I	By Bradley Scott Smith Revocable Trust, dated October 30, 2017(3)
Common Stock	09/12/2025		S(1)		24	D	$225.69(6)	24,533	I	By Bradley Scott Smith Revocable Trust, dated October 30, 2017(3)
Common Stock								39,896(7)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Bradley Scott Smith Revocable Trust, dated October 30, 2017 (the "Bradley Scott Smith Revocable Trust"), on December 12, 2024.

2. The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $222.01 to $223.00, inclusive. The reporting person undertakes to provide to Paycom Software, Inc. (the "Issuer"), any security holder of the Issuer or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote.

3. The Bradley Scott Smith Revocable Trust is a revocable trust for the benefit of the reporting person, his spouse, and his children. The reporting person is the trustor and, with his spouse, a co-trustee of the Bradley Scott Smith Revocable Trust. Accordingly, the reporting person reports beneficial ownership of all of the shares of common stock held by the Bradley Scott Smith Revocable Trust but disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein.

4. The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $223.04 to $223.97, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote.

5. The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $224.56 to $225.46, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote.

6. The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $225.63 to $225.81, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote.

7. Includes 13,294 unvested restricted stock units and 26,000 unvested shares of restricted stock.

	/s/ Bradley Scott Smith	09/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What trades did Bradley Scott Smith report for PAYC?

He reported dispositions of 1,200 shares on 07/17/2025 and 1,500 shares on 09/12/2025 sold at weighted average prices between $222.01 and $225.81.

Were the September 2025 sales made under a trading plan?

Yes. The Form 4 states the September sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Bradley Scott Smith Revocable Trust on December 12, 2024.

How many PAYC shares does the reporting person beneficially own after these transactions?

24,533 shares indirectly through the Bradley Scott Smith Revocable Trust following the reported transactions.

Does the filing disclose unvested equity holdings?

Yes. The filing includes 13,294 unvested restricted stock units and 26,000 unvested shares of restricted stock in the reported holdings.

What price ranges were the September sales executed at?

Sales executed at weighted average prices in ranges from $222.01 to $223.97 and $224.56 to $225.81 depending on the share blocks reported.