GOLISANO B THOMAS 4

What Happened
B. Thomas Golisano, a reported 10% owner of Paychex (PAYX), disposed of 26,130 shares of Paychex stock as a gift on January 30, 2026. The shares were valued at $102.13 each, for a total reported value of $2,668,657. The Form 4 lists the transaction code G (gift) and records the shares as disposed.

Key Details

• Transaction date: 2026-01-30; share price reported: $102.13; total value: $2,668,657.
• Transaction type/code: Gift (G) — disposition, not a sale for cash.
• Footnote F1: Shares were gifted to various non‑profit organizations.
• Shares owned after transaction: not specified in this filing.
• Filing date: 2026-02-02. Filing appears timely (reported after the weekend; within the standard two business‑day window).

Context
Gifts are non‑market transactions and do not necessarily reflect the insider’s view of the company’s prospects (they are often for charitable, tax, or estate planning purposes). As a 10% owner rather than an executive officer, Golisano’s gift is institutional/ownership‑level activity; it should be interpreted differently than routine open‑market purchases or sales by executives.