Bradley Scott Smith - Mar 13, 2025 Form 4 Insider Report for Paycom Software, Inc. (PAYC)

Signature
/s/ Bradley Scott Smith
Stock symbol
PAYC
Transactions as of
Mar 13, 2025
Transactions value $
-$603,024
Form type
4
Date filed
3/17/2025, 05:02 PM
Previous filing
Feb 25, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYC Common Stock Sale -$361K -1.8K -5.67% $200.46 29.9K Mar 13, 2025 By Bradley Scott Smith Revocable Trust, dated October 30, 2017 F1, F2, F3
transaction PAYC Common Stock Sale -$171K -847 -2.83% $201.52 29.1K Mar 13, 2025 By Bradley Scott Smith Revocable Trust, dated October 30, 2017 F1, F3, F4
transaction PAYC Common Stock Sale -$51.4K -254 -0.87% $202.24 28.8K Mar 13, 2025 By Bradley Scott Smith Revocable Trust, dated October 30, 2017 F1, F3, F5
transaction PAYC Common Stock Sale -$20.3K -100 -0.35% $203.40 28.7K Mar 13, 2025 By Bradley Scott Smith Revocable Trust, dated October 30, 2017 F1, F3
holding PAYC Common Stock 39.9K Mar 13, 2025 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Bradley Scott Smith Revocable Trust, dated October 30, 2017 (the "Bradley Scott Smith Revocable Trust"), on December 12, 2024.
F2 The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $200.06 to $201.00, inclusive. The reporting person undertakes to provide to Paycom Software, Inc. (the "Issuer"), any security holder of the Issuer or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote.
F3 The Bradley Scott Smith Revocable Trust is a revocable trust for the benefit of the reporting person, his spouse, and his children. The reporting person is the trustor and, with his spouse, a co-trustee of the Bradley Scott Smith Revocable Trust. Accordingly, the reporting person reports beneficial ownership of all of the shares of common stock held by the Bradley Scott Smith Revocable Trust but disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein.
F4 The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $201.04 to $202.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote.
F5 The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $202.05 to $202.37, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote.
F6 Includes 13,294 unvested restricted stock units and 26,000 unvested shares of restricted stock.