JOSEPH M. VELLI - 05 Jul 2022 Form 4 Insider Report for PAYCHEX INC (PAYX)

Role: Director
Signature: Stephanie L. Schaeffer, Attorney-in-fact
Issuer symbol: PAYX
Transactions as of: 05 Jul 2022
Net transactions value: -$76.56
Form type: 4
Filing time: 06 Jul 2022, 15:56:48 UTC
Previous filing: 07 Jul 2022
Next filing: 19 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PAYX	Common Stock	Options Exercise	$474,138	+15,052	+30%	$31.50	64,715	05 Jul 2022	Direct
transaction	PAYX	Common Stock	Sale	$474,215	-4,184	-6.5%	$113.34	60,531	05 Jul 2022	Direct

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	PAYX	Stock Option	Options Exercise	$0	-15,052	-100%	$0.000000^*	0	05 Jul 2022	Common Stock	15,052	$31.50	Direct	F1
holding	PAYX	Stock Option						12,156	05 Jul 2022	Common Stock	12,156	$38.89	Direct
holding	PAYX	Stock Option						10,850	05 Jul 2022	Common Stock	10,850	$41.70	Direct
holding	PAYX	Stock Option						11,489	05 Jul 2022	Common Stock	11,489	$47.43	Direct
holding	PAYX	Stock Option						10,220	05 Jul 2022	Common Stock	10,220	$60.59	Direct
holding	PAYX	Stock Option						9,615	05 Jul 2022	Common Stock	9,615	$57.20	Direct
holding	PAYX	Stock Option						8,641	05 Jul 2022	Common Stock	8,641	$70.37	Direct
holding	PAYX	Stock Option						7,929	05 Jul 2022	Common Stock	7,929	$85.33	Direct
holding	PAYX	Stock Option						5,793	05 Jul 2022	Common Stock	5,793	$73.53	Direct
holding	PAYX	Stock Option						5,075	05 Jul 2022	Common Stock	5,075	$112.67	Direct

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

Explanation of Responses:

Id	Content
F1	Exercise of stock options approaching 10-year expiration date.