| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PAYC | Common Stock | Sale | -$56.7K | -392 | -0.01% | $144.69 | 3.65M | May 31, 2024 | By Ernest Group, Inc. | F1, F2, F3, F4 |
| transaction | PAYC | Common Stock | Sale | -$94.3K | -648 | -0.02% | $145.56 | 3.65M | May 31, 2024 | By Ernest Group, Inc. | F2, F4, F5 |
| transaction | PAYC | Common Stock | Sale | -$39.9K | -273 | -0.01% | $146.32 | 3.65M | May 31, 2024 | By Ernest Group, Inc. | F2, F4, F6 |
| transaction | PAYC | Common Stock | Sale | -$9.88K | -67 | 0% | $147.44 | 3.65M | May 31, 2024 | By Ernest Group, Inc. | F2, F4, F7 |
| transaction | PAYC | Common Stock | Sale | -$7.74K | -52 | 0% | $148.85 | 3.65M | May 31, 2024 | By Ernest Group, Inc. | F2, F4, F8 |
| transaction | PAYC | Common Stock | Sale | -$15.6K | -104 | 0% | $149.89 | 3.65M | May 31, 2024 | By Ernest Group, Inc. | F2, F4, F9 |
| transaction | PAYC | Common Stock | Sale | -$36.5K | -242 | -0.01% | $150.91 | 3.65M | May 31, 2024 | By Ernest Group, Inc. | F2, F4, F10 |
| transaction | PAYC | Common Stock | Sale | -$14.7K | -97 | 0% | $151.61 | 3.65M | May 31, 2024 | By Ernest Group, Inc. | F2, F4, F11 |
| transaction | PAYC | Common Stock | Sale | -$2.45K | -16 | 0% | $152.99 | 3.65M | May 31, 2024 | By Ernest Group, Inc. | F2, F4, F12 |
| transaction | PAYC | Common Stock | Sale | -$2.16K | -14 | 0% | $153.96 | 3.65M | May 31, 2024 | By Ernest Group, Inc. | F2, F4, F13 |
| transaction | PAYC | Common Stock | Sale | -$7.06K | -45 | 0% | $156.97 | 3.65M | May 31, 2024 | By Ernest Group, Inc. | F2, F4 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
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).
| Id | Content |
|---|---|
| F1 | Under Section 16(b) of the Securities Exchange Act of 1934, as amended, the sale transactions reported herein are matchable with the reporting person's purchase of one share of common stock on December 14, 2023 at a price of $201.86. Because the purchase price exceeded the sale prices for all transactions reported herein, no profit was realized by the reporting person. The reporting person has agreed to voluntarily disgorge to Paycom Software, Inc. (the "Issuer") any profits realized from matchable transactions occurring within less than six months of the previously reported purchase transaction. |
| F2 | The sales reported on this Form 4 were effected pursuant to a joint Rule 10b5-1 trading plan adopted by the reporting person and Ernest Group, Inc. ("Ernest Group") on February 16, 2024. |
| F3 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $144.05 to $145.04, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
| F4 | Represents shares of common stock owned by 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. |
| F5 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $145.05 to $146.04, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
| F6 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $146.05 to $146.73, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
| F7 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $146.91 to $147.89, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
| F8 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $148.49 to $149.24, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
| F9 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $149.41 to $150.15, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
| F10 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $150.36 to $151.34 inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
| F11 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $151.35 to $151.78 inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
| F12 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $152.92 to $153.23 inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
| F13 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $153.95 to $153.97 inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
This Form 4 is the second of two Form 4s being filed by the reporting person. Because the SEC's EDGAR filing system limits a single Form 4 to a maximum of 30 separate lines, the report has been split into two filings to cover all transactions that occurred on May 31, 2024 and all other holdings as of such date.