PAYCHEX INC — Director's Dealing 2024

Mar 8, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYCHEX INC (PAYX)
CIK: 0000723531
Period of Report: 2022-11-23

Reporting Person: FLASCHEN DAVID J S (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-11-23	Common Stock - Family Trust	P	39.282	$116.24	Acquired	6148.282	Indirect
2023-02-23	Common Stock - Family Trust	P	43.743	$111.038	Acquired	6192.025	Indirect
2023-05-25	Common Stock - Family Trust	P	51.23	$107.571	Acquired	6243.255	Indirect
2023-08-24	Common Stock - Family Trust	P	45.431	$122.306	Acquired	6288.686	Indirect
2023-11-28	Common Stock - Family Trust	P	46.98	$119.1343	Acquired	6335.666	Indirect
2022-11-23	Common Stock - Family Trust	P	39.282	$116.24	Acquired	6148.282	Indirect
2023-02-23	Common Stock - Family Trust	P	43.743	$111.038	Acquired	6192.025	Indirect
2023-05-25	Common Stock - Family Trust	P	51.23	$107.571	Acquired	6243.255	Indirect
2024-08-24	Common Stock - Family Trust	P	45.431	$122.306	Acquired	6288.686	Indirect
2023-11-28	Common Stock - Family Trust	P	46.98	$119.1343	Acquired	6335.666	Indirect
2023-11-28	Common Stock - Family Trust	P	246.536	$119.1343	Acquired	33247.536	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5383	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	$57.2	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

Footnotes

F1: The reporting person's DRIP acquisitions of the issuer's common stock reported herein were inadvertently broker-initiated and any profit has been fully disgorged. These acquisitions are matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 340.496 shares, with the reporting person's purchase of: (i) 246.536 shares of the issuer's common stock at a price of $119.1343 per share on November 28, 2023 through the Flaschen Family Trust; (ii) 46.98 shares of the issuer's common stock at a price of $119.1343 per share on November 28, 2023 through the Katherine S. Flaschen Irrevocable Trust; and (iii) 46.98 shares of the issuer's common stock at a price of $119.1343 per share on November 28, 2023 through the DJ Flaschen Irrevocable Trust. The reporting person has paid the issuer $233.48, representing the full amount of the profit realized in connection with the short-swing transaction.