PAYX Form 4: 41 shares withheld at $127.52; 9,794 owned

Rhea-AI Filing Summary

Paychex Inc. (PAYX) reported an insider Form 4 for a senior vice president. On 10/15/2025, the officer disposed of 41 common shares at $127.52 under code F, which indicates shares were withheld to cover taxes from vested restricted stock units.

After the transaction, the officer beneficially owned 9,794 shares, held directly. The filing also lists vested and unvested stock options, including 12,164 shares at an exercise price of $120.86 (expiring 07/14/2033) and 14,291 shares at $121.63 (expiring 07/14/2034).

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

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

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^*

Roaldsen Elizabeth

(Last) (First) (Middle)

911 PANORAMA TRAIL SOUTH

(Street)

ROCHESTER NY 14625

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. Vice President

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2025

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	10/15/2025		F		41(1)	D	$127.52	9,794	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
Stock Option	$120.86							07/15/2024	07/14/2033	Common Stock	12,164		12,164	D
Stock Option	$117.98							10/15/2024	10/14/2033	Common Stock	2,119		2,119	D
Stock Option	$121.63							07/15/2025	07/14/2034	Common Stock	14,291		14,291	D
Stock Option	$140.68							07/15/2026	07/14/2035	Common Stock	11,518		11,518	D

Explanation of Responses:

1. Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock units.

	Prabha S. Bhandari, Attorney-in-fact	10/17/2025
	** 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).
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FAQ

What did PAYX disclose in this Form 4?

A senior vice president reported a code F transaction on 10/15/2025, reflecting 41 shares disposed to cover RSU tax withholding at $127.52.

How many PAYX shares does the officer own after the transaction?

Following the reported transaction, the officer beneficially owns 9,794 common shares, held directly.

What does transaction code F mean in this context?

Code F indicates shares were withheld to satisfy tax obligations from the vesting of restricted stock units, per the filing’s footnote.

Were any derivative (option) holdings reported for PAYX?

Yes. Reported options include 12,164 shares at $120.86 expiring 07/14/2033 and 14,291 shares at $121.63 expiring 07/14/2034, among others.

What was the price used for the tax withholding share disposition?

The 41 shares were disposed at a price of $127.52.

What is the issuer and ticker in this filing?

The issuer is Paychex Inc. with ticker PAYX.