Ryan Norman Bergstrom - Oct 1, 2023 Form 4 Insider Report for PAYCOR HCM, INC. (PYCR)

Role: Chief Product Officer
Signature: /s/ Alice Geene by Power of Attorney
Stock symbol: PYCR
Transactions as of: Oct 1, 2023
Transactions value $: -$110,429
Form type: 4
Date filed: 10/3/2023, 07:27 PM
Previous filing: Jul 25, 2023
Next filing: Oct 25, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PYCR	Common Stock	Award	$0	+82.1K	+113.48%	$0.00	155K	Oct 1, 2023	Direct	F1
transaction	PYCR	Common Stock	Tax liability	-$110K	-4.84K	-3.13%	$22.83	150K	Oct 1, 2023	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PYCR	Stock Option (Right to Buy)	Award	$0	+57.6K		$0.00	57.6K	Oct 1, 2023	Common Stock	57.6K	$22.83	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of Restricted Stock Units ("RSUs"), 33% of which shall vest on October 1, 2024, with the remainder vesting in 8 quarterly installments thereafter, with the RSUs fully vesting on the third anniversary of the grant date. Each RSU represents the right to receive one share of Common Stock, subject to the reporting person's continued service through the applicable vesting date.
F2	Represents shares withheld to satisfy tax withholding obligations upon vesting of RSUs.
F3	33% of the stock options vest and become exercisable on October 1, 2024, with the remainder vesting in 24 monthly installments thereafter, with the stock options fully vesting on the third anniversary of the grant date, subject in each case to the reporting person's continued service though the applicable vesting date.