PAYCHEX INC — Director's Dealing 2025

Apr 16, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYCHEX INC (PAYX)
CIK: 0000723531
Period of Report: 2025-04-14

Reporting Person: BERGSTROM RYAN NORMAN (Chief Product Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-04-14	Common Stock	A	20396	—	Acquired	20396	Direct
2025-04-14	Common Stock	A	31437	—	Acquired	51833	Direct

Footnotes

F1: Reflects the conversion of restricted stock units with respect to common stock of Paycor HCM Inc. ("Paycor"), par value $0.001 per share ("Paycor Common Stock"), held by the reporting person as of April 14, 2025, into restricted stock units with respect to common stock of the Issuer, par value $0.001 per share ("Paychex Common Stock"), in accordance with the terms of the Agreement and Plan of Merger, dated as of January 7, 2025, by and among Paycor, the Issuer and Skyline Merger Sub, Inc. (the "Merger Agreement").

F2: Reflects the conversion of restricted stock awards with respect to common stock of Paycor Common Stock, held by the reporting person as of April 14, 2025, into restricted stock awards with respect to Paychex Common Stock, in accordance with the terms of the Merger Agreement.