Richison Chad R. 4

What Happened

• Chad R. Richison, a reported 10% owner of Paycom Software, had 5,199 shares of Paycom common stock withheld by the company to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). The shares were valued at $131.59 each, for a total of $684,136. According to the filing, no shares were sold in this transaction (transaction code F — tax withholding).

Key Details

• Transaction date: 2026-02-05; Filing date: 2026-02-09 (filed within the typical two-business-day Form 4 window).
• Price per share: $131.59; Total value of shares withheld: $684,136.
• Shares withheld: 5,199 (used to satisfy tax obligations on the vesting of 14,382 RSUs granted Feb 21, 2025).
• The filing states no open-market sale occurred — this was a share-withholding to cover taxes (cashless/withholding method).
• Ownership context: Richison is a 10% owner and is connected to several trusts and entities (detailed in footnotes) and thus may be deemed to beneficially own shares held by those trusts/entities.
• The filing notes 28,766 unvested RSUs are included in his holdings per the footnotes.
• Filing timeliness: timely (not marked late).

Context

• This transaction reflects a routine tax-withholding action when RSUs vest, not an open-market sale or a deliberate liquidity event. Such withholdings are common and do not necessarily signal the insider's view of the stock.
• As a 10% owner with shares held through multiple trusts and an entity, Richison's reporting includes beneficial ownership disclosures (see footnotes) rather than an indication of trading intent.