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: 2025-04-15

Reporting Person: VELLI JOSEPH M (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-04-15	Common Stock	M	11489	$47.43	Acquired	82105	Direct
2025-04-15	Common Stock	S	3650	$149.25	Disposed	78455	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-04-15	Stock Option	$47.43	M	11489	Disposed	2025-07-08	Common Stock (11489)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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	$85.33	2029-07-10	Common Stock (7929)	7929	Direct
Stock Option	$73.53	2030-07-14	Common Stock (5793)	5793	Direct
Stock Option	$112.67	2031-07-14	Common Stock (5075)	5075	Direct
Stock Option	$115	2032-07-14	Common Stock (3027)	3027	Direct
Stock Option	$120.86	2033-07-14	Common Stock (3382)	3382	Direct
Stock Option	$121.63	2034-07-14	Common Stock (3351)	3351	Direct

Footnotes

F1: This transaction was a sell-to-cover exercise, with shares sold to cover the option exercise price and taxes, and the reporting person retaining all remaining shares.

F2: Exercise of stock options approaching 10-year expiration date.