Form 4: Paycom CIO Sells Shares Under 10b5-1 Plan

Paycom Software's Chief Information Officer, Bradley Scott Smith, reported sales of company common stock totaling 1,500 shares in September 2025, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Bradley Scott Smith, Chief Information Officer of Paycom Software, Inc. (PAYC), reported changes in his beneficial ownership of common stock.
• On July 17, 2025, Smith reported a gift of 1,200 shares of common stock with a transaction price of $0.00, held indirectly by the Bradley Scott Smith Revocable Trust.
• On September 12, 2025, Smith reported multiple sales of common stock totaling 1,500 shares, executed pursuant to a Rule 10b5-1 trading plan adopted on December 12, 2024.
• The sales on September 12, 2025, occurred at weighted average prices ranging from $222.54 to $225.69 per share.
• Following these transactions, Smith's indirect beneficial ownership through the Bradley Scott Smith Revocable Trust is 24,533 shares of common stock.
• Smith also directly beneficially owns 39,896 shares of common stock, which includes 13,294 unvested restricted stock units and 26,000 unvested shares of restricted stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the reported sales were executed under a pre-arranged 10b5-1 trading plan, which is a common practice for insider liquidity management and typically does not signal a change in management's outlook on the company's prospects. The gift transaction is also a neutral event for company sentiment.

Positives

• The sales were executed under a Rule 10b5-1 trading plan, adopted on December 12, 2024, indicating pre-planned liquidity management rather than a reaction to recent non-public information.

Negatives

• The aggregate sale of 1,500 shares by a Chief Information Officer reduces insider ownership, which some investors might interpret as a slight negative, despite the 10b5-1 plan.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine disclosure of insider trading activity and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• The indirect beneficial ownership and sales transactions are associated with the Bradley Scott Smith Revocable Trust, dated October 30, 2017. This trust is for the benefit of the reporting person, his spouse, and children, and the reporting person is a co-trustee.

Stakeholder Impact

• Shareholders: The reduction in insider ownership due to sales, though pre-planned, might be noted by investors. The gift transaction represents a transfer of ownership within the insider's family structure.

Key Dates

Keywords

Paycom Software, PAYC, Insider Transaction, Form 4, Stock Sale, 10b5-1 Plan, Bradley Scott Smith, Chief Information Officer, Common Stock