Paychex Founder & 10% Owner B. Thomas Golisano Files Form 144 to Sell $1.66M in Shares
PAYCHEX INC
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Filing Summary
📢 Form 144 Notice: Paychex, Inc. ($PAYX) Insider: B. Thomas Golisano (10% Shareholder / Founder) Transaction: Proposed Sale of 14,747 Common shares Estimated Value: ~$1,661,839 ($112.69/share) Broker: Merrill Lynch, Pierce, Fenner & Smith Incorporated Recent Context: Follows significant sales totaling over $90M across the past 30 days via trust accounts.
Comprehensive Analysis
Executive Summary
On October 21, 2026, B. Thomas Golisano, founder and 10% shareholder of Paychex, Inc. ($PAYX), filed a Form 144 notice disclosing the intent to sell 14,747 shares of Common Stock with an estimated aggregate market value of $1,661,839.
Transaction Breakdown
- Filer: B. Thomas Golisano
- Relationship: 10% Shareholder
- Security: Common Stock
- Shares Proposed for Sale: 14,747
- Market Value: $1,661,839 (approx. $112.69 per share)
- Approximate Sale Date: October 20, 2026
- Broker: Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Acquisition Origin: Shares were originally acquired via Private Placement from Paychex on May 23, 1996, paid in cash.
Historical Context & Selling Momentum
The notice also details substantial dispositions made within the preceding three months by the B. Thomas Golisano Revocable Living Trust:
- 09/28/2026: 562,635 shares sold for gross proceeds of $56,212,863
- 10/19/2026: 295,857 shares sold for gross proceeds of $32,674,447
- 10/20/2026: 14,747 shares sold for gross proceeds of $1,661,839
Market & Governance Impact
While this specific filing represents a relatively minor block (14,747 shares against approximately 357.6M total shares outstanding), it follows recent large-scale liquidations exceeding $90M over the past month. Ongoing distributions or estate/trust liquidations by key founders are standard for long-held equity positions but warrant monitoring by institutional investors.
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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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