PAYCHEX INC — Director's Dealing 2023

Dec 29, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYCHEX INC (PAYX)
CIK: 0000723531
Period of Report: 2023-12-28

Reporting Person: FLASCHEN DAVID J S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-28	Common Stock	M	3027	$115.00	Acquired	8410	Direct
2023-12-28	Common Stock	S	3027	$119.73	Disposed	5383	Direct
2023-12-28	Common Stock	M	5075	$112.67	Acquired	10458	Direct
2023-12-28	Common Stock	S	5075	$119.77	Disposed	5383	Direct
2023-12-28	Common Stock	M	7929	$85.33	Acquired	13312	Direct
2023-12-28	Common Stock	S	7929	$119.82	Disposed	5383	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-12-28	Stock Option	$85.33	M	7929	Disposed	2029-07-10	Common Stock (7929)	Direct
2023-12-28	Stock Option	$112.67	M	5075	Disposed	2031-07-14	Common Stock (5075)	Direct
2023-12-28	Stock Option	$115.00	M	3027	Disposed	2032-07-14	Common Stock (3027)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock - Family Trust	6109	Indirect
Common Stock - Family Trust	6109	Indirect
Common Stock - Family Trust	33001	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$47.43	2025-07-08	Common Stock (9489)	9489	Direct
Stock Option	$60.59	2026-07-06	Common Stock (10220)	10220	Direct
Stock Option	$57.20	2027-07-12	Common Stock (9615)	9615	Direct
Stock Option	$70.37	2028-07-11	Common Stock (8641)	8641	Direct
Stock Option	$73.53	2030-07-14	Common Stock (5793)	5793	Direct
Stock Option	$120.86	2033-07-14	Common Stock (3382)	3382	Direct