Charles Steven Mueller - 14 Apr 2025 Form 4 Insider Report for PAYCOR HCM, INC. (PYCR)

Reporting relationship: Chief Revenue Officer
Issuer ticker: PYCR
Reported as of: 14 Apr 2025
Net transaction value: -$9,601,898
SEC form: 4
Accepted by SEC: 15 Apr 2025, 18:10:19 UTC
Prior SEC filing: 02 Apr 2025
Source filing: View source filing
Reporting owner signature: /s/ Bryan Jacobs, by Power of Attorney

Key filing fact

Charles Steven Mueller filed Form 4 for PAYCOR HCM, INC. (PYCR) on 15 Apr 2025.

Key facts

This page summarizes Charles Steven Mueller's Form 4 filing for PAYCOR HCM, INC. (PYCR).
6 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 15 Apr 2025, 18:10.

Change

Previous filing in this sequence was filed on 02 Apr 2025.
Current net transaction value: -$9,601,898.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PYCR transaction

Common Stock

Disposed to Issuer

Transaction value: $9,601,898
Shares: -426,751
Change %: -100%
Price: $22.50
Shares after: 0
Date: 14 Apr 2025
Ownership: Direct
Footnotes: F1, F2

PYCR transaction

Common Stock

Award

Transaction value: $0
Shares: +61,664
Change %
Price: $0.000000
Shares after: 61,664
Date: 14 Apr 2025
Ownership: Direct
Footnotes: F3

PYCR transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -61,664
Change %: -100%
Price
Shares after: 0
Date: 14 Apr 2025
Ownership: Direct
Footnotes: F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PYCR transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -133,547
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 14 Apr 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 133,547
Exercise price: $23.00
Footnotes: F5

PYCR transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -140,107
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 14 Apr 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 140,107
Exercise price: $29.56
Footnotes: F5

PYCR transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -92,184
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 14 Apr 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 92,184
Exercise price: $22.83
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Charles Steven Mueller is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 5 footnotes

Footnote F1

Pursuant to the Agreement and Plan of Merger, dated as of January 7, 2025 (the "Merger Agreement"), by and among the Issuer, Paychex, Inc. ("Parent"), and Skyline Merger Sub, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving as a wholly owned subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of the Issuer's common stock, par value $0.001 per share ("Common Stock"), owned by the reporting person immediately prior to the Effective Time was automatically cancelled and converted into the right to receive $22.50 per share in cash, without interest (the "Per Share Price").

Footnote F2

The shares of Common Stock reported as disposed by the reporting person include in the aggregate 262,357 shares underlying unvested restricted stock awards and unvested restricted stock units ("Company Stock Awards") which, pursuant to the Merger Agreement, were, at or immediately prior to the Effective Time, exchanged for a number of shares of restricted stock and restricted stock units, as applicable, of Parent subject to the same terms and conditions as were applicable to such Company Stock Awards immediately prior to the Effective Time.

Footnote F3

Represents a deemed acquisition of shares of Common Stock underlying unvested performance-based restricted stock units ("PSUs") based on the actual level of performance as of the Effective Time, as determined in good faith by the Compensation and Benefits Committee of the Board of Directors of the Issuer, as provided under the terms of the Merger Agreement.

Footnote F4

Pursuant to the Merger Agreement, at or immediately prior to the Effective Time, each PSU was exchanged for a number of restricted stock units of Parent, subject to the same terms and conditions (excluding any performance-based vesting conditions) as were applicable to such PSUs immediately prior to the Effective Time.

Footnote F5

Pursuant to the Merger Agreement, this stock option was, at the Effective Time, automatically cancelled for no consideration.