Paychex Director Joseph M. Velli Files Form 144 Notice to Sell $844K in Shares

Paychex Inc (NASDAQ: PAYX) Form 144 Filing Overview

Summary of Proposed Transaction

On October 14, 2026, Paychex director Joseph M. Velli filed a Form 144 notice disclosing an intention to sell 7,839 shares of Paychex Common Stock through Fidelity Brokerage Services LLC. The aggregate market value of the proposed transaction is $844,073.73, implying an approximate price per share of $107.68.

Security Provenance and Details

• Security Type: Common Stock
• Date Acquired: April 15, 2025
• Method of Acquisition: Stock Option Exercise from the issuer paid in cash
• Shares Acquired: 7,839
• Past 3 Months Activity: None reported

Market Impact & Significance

• Trading Significance: Low
• The proposed sale of 7,839 shares represents a negligible fraction (approximately 0.002%) of Paychex's 355,980,473 outstanding common shares.
• Option monetization and standard diversification by board members are routine corporate practices and typically carry neutral signaling value for investors.