Paychex ($PAYX) 10% Owner B. Thomas Golisano Files Form 144 for $56.2M Share Sale
PAYCHEX INC
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Filing Summary
{ "title": "Form 144 Notice of Proposed Sale: Paychex, Inc. ($PAYX)", "color": 15158332, "fields": [ { "name": "Insider", "value": "B. Thomas Golisano (10% Stockholder)", "inline": true }, { "name": "Proposed Sale Value", "value": "$56,212,863 (~562,635 shares @ ~$99.91)", "inline": true }, { "name": "Filing / Sale Date", "value": "2026-09-29 / 2026-09-28", "inline": true }, { "name": "Broker", "value": "Merrill Lynch, Pierce, Fenner & Smith Incorporated", "inline": false } ] }
Comprehensive Analysis
Executive Summary
On September 29, 2026, B. Thomas Golisano, founder and 10% stockholder of Paychex, Inc. ($PAYX), filed a Form 144 disclosing a proposed sale of 562,635 shares of Common Stock with an estimated aggregate market value of $56,212,863 (implying an average share price of ~$99.91).
Transaction Details
- Filer: B. Thomas Golisano (10% Stockholder / Founder)
- Issuer: Paychex, Inc. (CIK: 0000723531)
- Securities: Common Stock
- Shares Proposed for Sale: 562,635
- Estimated Aggregate Market Value: $56,212,863
- Shares Outstanding: 357,600,000 (~0.16% of total outstanding shares)
- Broker: Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Approximate Sale Date: September 28, 2026
- Origin of Securities: Acquired via Private Placement on May 23, 1996, paid in cash.
Past 3-Month Activity
The filing also discloses that the B. Thomas Golisano Revocable Living Trust executed a sale of 562,635 shares on September 28, 2026, generating gross proceeds of $56,212,863.
Market Significance
This transaction is rated High due to its substantial dollar amount (>$56 million) and the prominence of the insider. While Golisano is the company's founder and a long-time holder, institutional investors often monitor large-scale divestments from founding owners for potential market overhang or portfolio rebalancing signals.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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