Paychex Form 144: $14.2M insider share sale equals 0.03% float

Rhea-AI Filing Summary

Paychex Inc. (PAYX) filed a Form 144 disclosing a proposed disposition of 97,526 common shares via Fidelity Brokerage Services, tentatively dated 07/10/2025. The shares carry an aggregate market value of $14.16 million and were obtained through a cash-settled stock-option exercise on the same date. No insider sales were reported during the preceding three-month period. With 360,190,668 shares outstanding, the transaction equates to roughly 0.03 % of the company’s float, indicating limited prospective pressure on the stock’s supply.

Positive

• Minimal dilution/overhang: the 97,526 shares equal only about 0.03 % of Paychex’s outstanding stock, implying negligible market impact.

Negative

• Insider monetization: a senior holder plans to sell shares worth roughly $14.16 million, which some investors may interpret as profit-taking.

Insights

Securities Analyst

TL;DR: Small, routine Form 144 filing; 0.03% of float, unlikely to move PAYX materially.

The filing signals an insider’s intent to monetize 97,526 recently exercised options worth about $14.2 million. Because the planned sale represents a tiny fraction of the 360 million outstanding shares, liquidity impact appears immaterial. The absence of prior three-month sales further reduces overhang concerns. From a trading perspective, the event is best viewed as routine option-related profit taking rather than a fundamental statement on Paychex’s outlook.

Corporate Governance Specialist

TL;DR: Standard compliance disclosure; no red flags or aggregation issues identified.

The Form 144 meets Rule 144 disclosure requirements: broker disclosed, share count, acquisition method, and certification that no undisclosed adverse information exists. No other insiders are aggregated, suggesting the filer remains within volume limits. Governance risk is minimal given the moderate size and transparent option-exercise origin.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	97526	14158115.04	360190668	07/10/2025	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	07/10/2025	Stock Option Exercise	Issuer			97526	07/10/2025	Cash

* 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

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Paychex (PAYX) shares are disclosed for sale in the Form 144?

The filing covers 97,526 common shares.

What is the aggregate market value of the PAYX shares to be sold?

The shares are valued at approximately $14.16 million.

When is the approximate sale date for the insider transaction?

The filer lists an approximate sale date of 07/10/2025.

What percentage of Paychex’s total shares does the planned sale represent?

About 0.03 % of the 360,190,668 shares outstanding.

How were the shares being sold acquired?

They were acquired through a cash-paid stock-option exercise on 07/10/2025.

Were there any insider sales in the last three months?

No. The filer reported "Nothing to Report" for the prior three-month period.