[Form 4] Paychex Inc Insider Trading Activity

Rhea-AI Filing Summary

Paychex Inc. (PAYX) Form 4 – 21 Jul 2025

Director Joseph G. Doody reported an exempt "J" transaction dated 17 Jul 2025. A total of 761 common shares were moved from his direct account into the Joseph G. Doody Revocable Living Trust at $0 consideration. Following the transfer, Doody’s holdings stand at 164 directly-held shares and 23,758 shares held indirectly through the trust; total ownership is unchanged.

Derivative positions were unchanged. He retains 29,227 employee stock options with strike prices ranging from $73.53–$140.68 and expirations between 2029 and 2035.

No open-market buying or selling occurred; the filing reflects an internal re-titling of shares and carries minimal market impact.

Insights

Securities Analyst

TL;DR: Routine internal share transfer; no purchase/sale, negligible signal for PAYX valuation.

The "J" code designates a non-market, exempt transaction—here a shift of 761 shares into Doody’s revocable trust. Because no consideration was exchanged and aggregate ownership is unchanged, the filing offers no directional insight into insider sentiment. Option holdings remain intact at 29.2 k contracts, indicating continued long-term equity exposure. For investors, the event is administrative rather than indicative of future price action.

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
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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).

1. Name and Address of Reporting Person^*

DOODY JOSEPH

(Last) (First) (Middle)

4285 DEEPHAVEN LANE

(Street)

NAPLES FL 34119

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PAYCHEX INC [ PAYX ]

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

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

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		J		761(1)	D	$0	164	D
Common Stock - Family Trust	07/17/2025		J		761	A	$0	23,758	I	Joseph G. Doody Revocable Living Trust

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
Stock Option	$85.33							07/11/2020	07/10/2029	Common Stock	7,929		7,929	D
Stock Option	$73.53							07/15/2021	07/14/2030	Common Stock	5,793		5,793	D
Stock Option	$112.67							07/15/2022	07/14/2031	Common Stock	5,075		5,075	D
Stock Option	$115							07/15/2023	07/14/2032	Common Stock	3,027		3,027	D
Stock Option	$120.86							07/15/2024	07/14/2033	Common Stock	3,382		3,382	D
Stock Option	$121.63							07/14/2025	07/14/2034	Common Stock	3,351		3,351	D
Stock Option	$140.68							07/15/2026	07/14/2035	Common Stock	670		670	D

Explanation of Responses:

1. Shares were transferred to the Joseph G. Doody Revocable Living Trust.

	Prabha S. Bhandari, Attorney-in-fact	07/21/2025
	** 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

How many PAYX shares did Director Joseph Doody transfer on 17 Jul 2025?

He transferred 761 common shares from direct ownership to his revocable trust.

Did the transaction involve a sale or purchase price?

No. The shares were transferred at $0 as an exempt, non-market transaction (code "J").

What are Doody’s PAYX share holdings after the filing?

He now holds 164 shares directly and 23,758 shares indirectly via the trust.

Were any PAYX stock options exercised or altered?

No. Doody continues to hold 29,227 vested options; strike prices range from $73.53 to $140.68.

Does the Form 4 signal insider buying or selling pressure?

Likely not; it reflects an internal ownership re-classification, leaving total share exposure unchanged.