Chad R. Richison - Jul 22, 2024 Form 4 Insider Report for Paycom Software, Inc. (PAYC)

Signature
/s/ Matthew Paque, attorney-in-fact
Stock symbol
PAYC
Transactions as of
Jul 22, 2024
Transactions value $
-$617,248
Form type
4
Date filed
7/23/2024, 06:11 PM
Previous filing
Jul 22, 2024
Next filing
Jul 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYC Common Stock Sale -$14.6K -94 0% $155.22 3.01M Jul 22, 2024 Direct F1, F2
transaction PAYC Common Stock Sale -$20.8K -133 0% $156.25 3.01M Jul 22, 2024 Direct F1, F3
transaction PAYC Common Stock Sale -$30.2K -192 -0.01% $157.31 3.01M Jul 22, 2024 Direct F1, F4
transaction PAYC Common Stock Sale -$170K -1.07K -0.04% $158.33 3.01M Jul 22, 2024 Direct F1, F5
transaction PAYC Common Stock Sale -$41.5K -260 -0.01% $159.54 3.01M Jul 22, 2024 Direct F1, F6
transaction PAYC Common Stock Sale -$31.7K -198 -0.01% $160.00 3.01M Jul 22, 2024 Direct F1, F7
transaction PAYC Common Stock Sale -$14.6K -94 0% $155.22 3.59M Jul 22, 2024 By Ernest Group, Inc. F1, F2, F8
transaction PAYC Common Stock Sale -$20.8K -133 0% $156.25 3.59M Jul 22, 2024 By Ernest Group, Inc. F1, F3, F8
transaction PAYC Common Stock Sale -$30.2K -192 -0.01% $157.31 3.59M Jul 22, 2024 By Ernest Group, Inc. F1, F4, F8
transaction PAYC Common Stock Sale -$170K -1.07K -0.03% $158.33 3.59M Jul 22, 2024 By Ernest Group, Inc. F1, F5, F8
transaction PAYC Common Stock Sale -$41.5K -260 -0.01% $159.54 3.59M Jul 22, 2024 By Ernest Group, Inc. F1, F6, F8
transaction PAYC Common Stock Sale -$31.7K -198 -0.01% $160.00 3.59M Jul 22, 2024 By Ernest Group, Inc. F1, F7, F8
holding PAYC Common Stock 1.01K Jul 22, 2024 By Faye Penelope Richison 2023 Irrevocable Trust F9
holding PAYC Common Stock 1.01K Jul 22, 2024 By Rome West Pedersen 2023 Irrevocable Trust F10
holding PAYC Common Stock 1.01K Jul 22, 2024 By Lane West Richison 2022 Irrevocable Trust F11
holding PAYC Common Stock 1.01K Jul 22, 2024 By Kase Gabriel Richison 2022 Irrevocable Trust F12
holding PAYC Common Stock 1.01K Jul 22, 2024 By Sage Elizabeth Richison 2022 Irrevocable Trust F13
holding PAYC Common Stock 1.01K Jul 22, 2024 By Charles Banks Pedersen 2022 Irrevocable Trust F14
holding PAYC Common Stock 253 Jul 22, 2024 By Ava L. Richison 2012 Irrevocable Trust F15
holding PAYC Common Stock 253 Jul 22, 2024 By Ian D. Richison 2012 Irrevocable Trust F16
holding PAYC Common Stock 56 Jul 22, 2024 By Abrie R. Richison 2012 Irrevocable Trust F17
holding PAYC Common Stock 12.5K Jul 22, 2024 By Charis Michelle Richison Trust F18
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 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.
F2 The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $154.82 to $155.50, inclusive. The reporting person undertakes to provide to Paycom Software, Inc. (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.
F3 The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $155.98 to $156.88, 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.
F4 The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $156.89 to $157.86, 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.
F5 The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $157.87 to $158.86, 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 $158.87 to $159.84, 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 $159.85 to $160.29, 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 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.
F9 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.
F10 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.
F11 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.
F12 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.
F13 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.
F14 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.
F15 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.
F16 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.
F17 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.
F18 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.