Michael P. Kouzelos - 09 Mar 2022 Form 4 Insider Report for CBIZ, Inc. (CBZ)

Role: President, Employee Services
Signature: /s/ Michael W Gleespen, attorney-in-fact for Michael P Kouzelos
Issuer symbol: CBZ
Transactions as of: 09 Mar 2022
Net transactions value: -$295,711
Form type: 4
Filing time: 11 Mar 2022, 15:05:11 UTC
Previous filing: 08 Mar 2022
Next filing: 15 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CBZ	Common Stock	Options Exercise	$77,750	+5,000	+1.7%	$15.55	302,703	09 Mar 2022	Direct
transaction	CBZ	Common Stock	Sale	$196,632	-5,000	-1.7%	$39.33	297,703	09 Mar 2022	Direct	F1
transaction	CBZ	Common Stock	Options Exercise	$116,703	+7,505	+2.5%	$15.55	305,208	10 Mar 2022	Direct
transaction	CBZ	Common Stock	Sale	$293,531	-7,505	-2.5%	$39.11	297,703	10 Mar 2022	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	CBZ	Employee Stock Option	Options Exercise	$0	-5,000	-8.8%	$0.000000	52,100	09 Mar 2022	Common Stock	5,000	$15.55	Direct	F3
transaction	CBZ	Employee Stock Option	Options Exercise	$0	-7,505	-14%	$0.000000	44,595	10 Mar 2022	Common Stock	7,505	$15.55	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Weighted average sale price of price range between $38.94 and $39.56. Will provide upon request number of shares sold at each separate price.
F2	Weighted average sale price of price range between $38.76 and $39.59. Will provide upon request number of shares sold at each separate price.
F3	Consists of Options granted on 5/10/2017 vesting in 25% increments each year beginning 05/10/2018 and expiring on 05/10/2023.