Paychex 10% Owner Thomas Golisano Files Form 144 to Sell $1.03M in Common Stock
PAYCHEX INC
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Filing Summary
📦 Form 144 Notice of Proposed Sale: PAYCHEX INC ($PAYX) • Insider: Golisano B Thomas (10% Shareholder) • Proposed Sale: 8,850 shares (~$1,026,866) • Approx. Sale Date: 2026-10-26 • Broker: Merrill Lynch, Pierce, Fenner & Smith Incorporated • Recent Activity: Over 900K shares sold via B. Thomas Golisano Revocable Living Trust over the past 3 months.
Comprehensive Analysis
Overview of Proposed Sale
On October 27, 2026, a Form 144 was filed on behalf of B. Thomas Golisano, a 10% shareholder and founder of Paychex, Inc. ($PAYX). The notice covers the intended sale of 8,850 shares of common stock with an estimated aggregate market value of $1,026,866 (approx. $116.03 per share).
Transaction & Security Details
- Issuer: Paychex, Inc. (CIK: 0000723531)
- Filer: Golisano B Thomas (CIK: 0000903201)
- Relationship: 10% Shareholder
- Shares to be Sold: 8,850
- Aggregate Market Value: $1,026,866
- Shares Outstanding: 357,600,000
- Approximate Sale Date: October 26, 2026
- Execution Broker: Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Origin of Shares: Acquired on May 23, 1996, via private placement from Paychex in exchange for cash.
Historical Context & Past 3-Month Sales
This filing follows substantial disposition activity by the B. Thomas Golisano Revocable Living Trust over the prior 30 days:
- 09/28/2026: 562,635 shares sold for $56,212,863
- 10/19/2026: 295,857 shares sold for $32,674,447
- 10/20/2026: 14,747 shares sold for $1,661,839
- 10/22/2026: 21,890 shares sold for $2,547,339
- 10/26/2026: 8,850 shares sold for $1,026,866
Trading Significance
The proposed sale of 8,850 shares represents a negligible fraction of the company's 357.6 million outstanding shares. However, it represents continued periodic divestment following significant block sales exceeding $90M in September and October 2026. Given the filer's status as a 10% shareholder, the transaction carries Medium significance.
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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.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.