Paychex Founder & 10% Owner B. Thomas Golisano Gifts 562,635 Shares to Non-Profits

Executive Summary

On September 30, 2026, a Form 4 was filed for Paychex, Inc. ($PAYX) by founder and 10% beneficial owner B. Thomas Golisano. The filing discloses a disposition of 562,635 shares of Common Stock on September 28, 2026, pursuant to transaction code G (bona fide gift). The filing references a price per share of $99.91, equating to an estimated nominal value of $56,212,862.85.

Transaction Details

• Reporting Person: B. Thomas Golisano
• Role: 10% Owner
• Transaction Code: G (Gift)
• Shares Disposed: 562,635
• Price Per Share: $99.91
• Footnote Context: The shares were gifted directly to various non-profit organizations.
• Direct Ownership Post-Transaction: 35,091,288 shares
• Indirect Ownership: 37,884 shares held via the Cynthia A. Golisano Irrevocable Trust U/A dtd 6/13/2005.

Market and Sentiment Impact

• Significance Level: Low
• Rationale: The transaction represents a charitable contribution rather than an open-market sale or purchase. Philanthropic gifts reflect estate planning and charitable giving initiatives rather than management or large-holder sentiment regarding current company valuation or forward financial performance. Furthermore, Mr. Golisano continues to maintain substantial direct ownership exceeding 35 million shares.