EFRAIN RIVERA - 08 Jul 2022 Form 4 Insider Report for PAYCHEX INC (PAYX)

Role: Sr. Vice President, CFO
Signature: Stephanie L. Schaeffer, Attorney-in-fact
Issuer symbol: PAYX
Transactions as of: 08 Jul 2022
Net transactions value: -$452,600
Form type: 4
Filing time: 12 Jul 2022, 15:17:44 UTC
Previous filing: 05 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	Sale	$452,600	-3,875	-4.3%	$116.80	85,743	08 Jul 2022	Direct	F1

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
holding	PAYX	Stock Option						14,642	08 Jul 2022	Common Stock	14,642	$85.46	Direct
holding	PAYX	Stock Option						32,448	08 Jul 2022	Common Stock	32,448	$73.53	Direct
holding	PAYX	Stock Option						28,064	08 Jul 2022	Common Stock	28,064	$112.67	Direct

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

Explanation of Responses:

Id	Content
F1	Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock units.