Paychex (PAYX) major holder Golisano gifts 109,300 shares of stock

Rhea-AI Filing Summary

PAYCHEX INC major shareholder Thomas B. Golisano reported a bona fide gift of 109,300 shares of Paychex common stock on May 6, 2026. The shares were gifted to various non-profit organizations. Following the gift, he held 35,653,923 shares directly and 39,250 shares indirectly through the Cynthia A. Golisano Irrevocable Trust.

Insider Trade Summary

109,300 shares gifted

Mixed 2 txns

Insider GOLISANO B THOMAS

Role null

Type	Security	Shares	Price	Value
Gift	Common Stock	109,300	$91.27	$9.98M
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 35,653,923 shares (Direct, null); Common Stock — 39,250 shares (Indirect, Cynthia A. Golisano Irrevocable Trust U/A dtd 6/13/2005)

Footnotes (1)

1. [object Object]

Key Figures

Gifted shares: 109,300 shares Reported share price: $91.27 per share Direct holdings after gift: 35,653,923 shares +1 more

4 metrics

Gifted shares 109,300 shares Bona fide gift on May 6, 2026

Reported share price $91.27 per share Price associated with gifted shares

Direct holdings after gift 35,653,923 shares Direct PAYCHEX common stock held post-transaction

Indirect holdings after gift 39,250 shares Held via Cynthia A. Golisano Irrevocable Trust

Key Terms

bona fide gift, irrevocable trust, ten percent owner

3 terms

bona fide gift financial

"transaction_code_description": "Bona fide gift"

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

irrevocable trust financial

"Cynthia A. Golisano Irrevocable Trust U/A dtd 6/13/2005"

An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.

ten percent owner financial

""is_ten_percent_owner": 1"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

GOLISANO B THOMAS

(Last) (First) (Middle)

911 PANORAMA TRAIL S.

(Street)

ROCHESTER NEW YORK 14625

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PAYCHEX INC [ PAYX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/06/2026		G		109,300(1)	D	$91.27	35,653,923	D
Common Stock								39,250	I	Cynthia A. Golisano Irrevocable Trust U/A dtd 6/13/2005

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Gift of shares to various non-profit organizations.

	Prabha S. Bhandari, Attorney-in-fact	05/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did PAYCHEX (PAYX) report for Thomas B. Golisano?

PAYCHEX reported that major shareholder Thomas B. Golisano made a bona fide gift of 109,300 shares of common stock on May 6, 2026. This was a charitable transfer, not an open-market sale or purchase.

How many PAYCHEX (PAYX) shares did Golisano hold after the reported Form 4 transactions?

After the transactions, Golisano held 35,653,923 PAYCHEX common shares directly and 39,250 shares indirectly. The indirect holdings are through the Cynthia A. Golisano Irrevocable Trust, as disclosed in the ownership details.

Was the PAYCHEX (PAYX) Form 4 transaction a sale or a gift?

The Form 4 shows a bona fide gift, not a sale. Golisano transferred 109,300 shares of PAYCHEX common stock as gifts to various non-profit organizations, so he did not receive cash proceeds from this transaction.

At what price was the PAYCHEX (PAYX) gifted stock valued in the Form 4?

The gifted PAYCHEX shares were reported with a price of $91.27 per share. This price is used for reporting purposes on the Form 4 and helps indicate the notional value of the 109,300-share gift.

How is Golisano’s indirect ownership in PAYCHEX (PAYX) structured after the Form 4 filing?

After the filing, Golisano’s indirect ownership consists of 39,250 shares of PAYCHEX common stock. These shares are held through the Cynthia A. Golisano Irrevocable Trust U/A dated June 13, 2005, as specified in the ownership description.