Paychex (PAYX) insider plans sale of 21,642 shares worth $3.1 M

Paychex, Inc. (PAYX) – Form 144 notice of proposed sale The filing discloses that an affiliate intends to sell up to 21,642 common shares of Paychex through Merrill Lynch (9128 Strada Pl, Naples FL) on or after 14 July 2025.

Rhea-AI Filing Summary

Paychex, Inc. (PAYX) – Form 144 notice of proposed sale

The filing discloses that an affiliate intends to sell up to 21,642 common shares of Paychex through Merrill Lynch (9128 Strada Pl, Naples FL) on or after 14 July 2025. Based on the stated aggregate market value of $3,114,070.73, the planned sale represents roughly 0.006 % of the 360,190,668 shares outstanding—an immaterial proportion of the float. The shares were originally gifted by Martin Mucci on 11 July 2025, reflecting underlying donations made between 2007 and 2013. No other Paychex shares have been sold by this filer in the past three months, and the signer affirms no knowledge of undisclosed adverse information.

Rule 144 filings are routine compliance documents that allow insiders or affiliates to sell restricted or control stock, provided they meet volume, timing and manner-of-sale conditions. Given the modest transaction size relative to Paychex’s market capitalization, the notice is unlikely to exert meaningful pressure on the share price or alter the company’s fundamental outlook.

Insights

Securities Analyst

TL;DR: Small Rule 144 sale (21.6k PAYX shares, $3.1 M) is routine, immaterial and should have negligible market impact.

The proposed disposition equals 0.006 % of outstanding shares, well below Rule 144 volume limits and insignificant versus average daily trading volume. Shares originated from long-dated gifts, suggesting liquidity rather than negative insider sentiment. No recent prior sales were reported, and the signer certifies absence of undisclosed adverse information. Overall, the event is neutral; investors typically monitor Form 144 activity for large or repeated sales, which is not the case here.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Paychex (PAYX) shares are covered in the July 2025 Form 144 filing?

The notice covers 21,642 common shares.

What is the estimated dollar value of the proposed PAYX share sale?

The aggregate market value stated is $3,114,070.73.

When is the approximate sale date for the PAYX shares?

The filing lists an approximate sale date of 14 July 2025.

What percentage of Paychex’s outstanding shares does this sale represent?

It represents about 0.006 % of the 360,190,668 shares outstanding.

Who originally acquired the PAYX shares being sold under Rule 144?

The shares were gifted by Martin Mucci on 11 July 2025, with underlying acquisitions dating 2007-2013.

Which broker is handling the proposed Paychex share sale?

The broker listed is Merrill Lynch, 9128 Strada Pl, Naples FL 34108.

Does the filer report any other PAYX sales in the last three months?

No. The filing states “Nothing to Report” for prior three-month sales.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/14/2025 - 12:02 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0002032738
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	PAYCHEX INC
SEC File Number	000-11330
Address of Issuer	911 PANORAMA TRAIL S ROCHESTER NEW YORK 14625-0397
Phone	5853856666
Name of Person for Whose Account the Securities are To Be Sold	Mucci Family Foundation
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Merrill Lynch 9128 Strada PL Naples FL 34108	21642	3114070.73	360190668	07/14/2025	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/11/2025	Gift	Martin Mucci		07/12/2007	2222	07/11/2025	None - True gift to foundation
Common	07/11/2025	Gift	Martin Mucci		07/17/2012	2841	07/11/2025	None - True gift to foundation
Common	07/11/2025	Gift	Martin Mucci		10/12/2012	1542	07/11/2025	None - True gift to foundation
Common	07/11/2025	Gift	Martin Mucci		07/06/2013	4164	07/11/2025	None - True gift to foundation
Common	07/11/2025	Gift	Martin Mucci		07/11/2013	10873	07/11/2025	None - True gift to foundation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	07/14/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Martin Mucci on behalf of the Mucci Family Foundation
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)