Chad R. Richison - Feb 7, 2024 Form 4 Insider Report for Paycom Software, Inc. (PAYC)

Role: Co-CEO, President and Chairman, Director, 10%+ Owner
Signature: /s/ Chad Richison
Stock symbol: PAYC
Transactions as of: Feb 7, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/9/2024, 04:05 PM
Previous filing: Dec 15, 2023
Next filing: May 20, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PAYC	Common Stock	Disposed to Issuer	$0	-1.61M	-34.23%	$0.00	3.09M	Feb 7, 2024	Direct	F1
holding	PAYC	Common Stock						1.01K	Feb 7, 2024	By Faye Penelope Richison 2023 Irrevocable Trust	F2
holding	PAYC	Common Stock						1.01K	Feb 7, 2024	By Rome West Pedersen 2023 Irrevocable Trust	F3
holding	PAYC	Common Stock						1.01K	Feb 7, 2024	By Lane West Richison 2022 Irrevocable Trust	F4
holding	PAYC	Common Stock						1.01K	Feb 7, 2024	By Kase Gabriel Richison 2022 Irrevocable Trust	F5
holding	PAYC	Common Stock						1.01K	Feb 7, 2024	By Sage Elizabeth Richison 2022 Irrevocable Trust	F6
holding	PAYC	Common Stock						1.01K	Feb 7, 2024	By Charles Banks Pedersen 2022 Irrevocable Trust	F7
holding	PAYC	Common Stock						253	Feb 7, 2024	By Ava L. Richison 2012 Irrevocable Trust	F8
holding	PAYC	Common Stock						253	Feb 7, 2024	By Ian D. Richison 2012 Irrevocable Trust	F9
holding	PAYC	Common Stock						56	Feb 7, 2024	By Abrie R. Richison 2012 Irrevocable Trust	F10
holding	PAYC	Common Stock						12.5K	Feb 7, 2024	By Charis Michelle Richison Trust	F11
holding	PAYC	Common Stock						3.67M	Feb 7, 2024	By Ernest Group, Inc.	F12

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

Explanation of Responses:

Id	Content
F1	Represents 1,610,000 unvested shares of restricted stock granted to the reporting person on November 23, 2020, which shares were forfeited by the reporting person on February 7, 2024, in accordance with the terms of the relevant award agreement.
F2	Represents shares of common stock owned by the Faye Penelope Richison 2023 Irrevocable Trust (the "FPR Trust"). The reporting person is the settlor and sole trustee for the FPR Trust, which is for the benefit of the reporting person's grandchild. The reporting person may be deemed to beneficially own the shares of common stock owned by the FPR Trust.
F3	Represents shares of common stock owned by the Rome West Pedersen 2023 Irrevocable Trust (the "RWP Trust"). The reporting person is the settlor and sole trustee for the RWP Trust, which is for the benefit of the reporting person's grandchild. The reporting person may be deemed to beneficially own the shares of common stock owned by the RWP Trust.
F4	Represents shares of common stock owned by the Lane West Richison 2022 Irrevocable Trust (the "LWR Trust"). The reporting person is the settlor and sole trustee for the LWR Trust, which is for the benefit of the reporting person's grandchild. The reporting person may be deemed to beneficially own the shares of common stock owned by the LWR Trust.
F5	Represents shares of common stock owned by the Kase Gabriel Richison 2022 Irrevocable Trust (the "KGR Trust"). The reporting person is the settlor and sole trustee for the KGR Trust, which is for the benefit of the reporting person's grandchild. The reporting person may be deemed to beneficially own the shares of common stock owned by the KGR Trust.
F6	Represents shares of common stock owned by the Sage Elizabeth Richison 2022 Irrevocable Trust (the "SER Trust"). The reporting person is the settlor and sole trustee for the SER Trust, which is for the benefit of the reporting person's grandchild. The reporting person may be deemed to beneficially own the shares of common stock owned by the SER Trust.
F7	Represents shares of common stock owned by the Charles Banks Pedersen 2022 Irrevocable Trust (the "CBP Trust"). The reporting person is the settlor and sole trustee for the CBP Trust, which is for the benefit of the reporting person's grandchild. The reporting person may be deemed to beneficially own the shares of common stock owned by the CBP Trust.
F8	Represents shares of common stock owned by the Ava L. Richison 2012 Irrevocable Trust (the "ALR Trust"). The reporting person is the settlor and sole trustee for the ALR Trust, which is for the benefit of the reporting person's child. The reporting person may be deemed to beneficially own the shares of common stock owned by the ALR Trust.
F9	Represents shares of common stock owned by the Ian D. Richison 2012 Irrevocable Trust (the "IDR Trust"). The reporting person is the settlor and sole trustee for the IDR Trust, which is for the benefit of the reporting person's child. The reporting person may be deemed to beneficially own the shares of common stock owned by the IDR Trust.
F10	Represents shares of common stock owned by the Abrie R. Richison 2012 Irrevocable Trust (the "ARR Trust"). The reporting person is the settlor and sole trustee for the ARR Trust, which is for the benefit of the reporting person's child. The reporting person may be deemed to beneficially own the shares of common stock owned by the ARR Trust.
F11	Represents shares of common stock owned by the Charis Michelle Richison Trust (the "Spouse Trust"). The Spouse Trust is a revocable trust for the benefit of the reporting person's spouse. The reporting person may be deemed to beneficially own the shares of common stock owned by the Spouse Trust.
F12	Represents shares of common stock owned by Ernest Group, Inc. ("Ernest Group"). The reporting person is the sole director of Ernest Group and Ernest Group is wholly owned by the reporting person and certain trusts for the reporting person's children, for which the reporting person serves as trustee. The reporting person may be deemed to beneficially own the shares of common stock owned by Ernest Group.