Paycom (PAYC) President Shane Hadlock Sells Shares

What Happened

• Shane Hadlock, President and Chief Client Officer of Paycom Software, sold a total of 2,818 shares in open-market transactions on August 27–28, 2026, generating aggregate proceeds of approximately $670,163.
  • 1,639 shares sold at $237.00 each for $388,443 (08/27/2026)
  • 938 shares sold at $238.66 each for $223,863 (08/27/2026)
  • 241 shares sold at $240.07 each for $57,857 (08/28/2026)
• These were outright sales (transaction code “S”), not purchases or option exercises. Sales are common for insiders for liquidity or diversification and do not, by themselves, prove a change in view about the company.

Key Details

• Transaction dates & prices: 08/27/2026 — 1,639 @ $237.00 and 938 @ $238.66; 08/28/2026 — 241 @ $240.07.
• Total shares sold: 2,818; total proceeds: ~$670,163.
• Shares owned after transaction: Filing notes the insider’s reported beneficial ownership includes 20,950 unvested restricted stock units and 12,936 unvested restricted shares (the filing excerpt does not list a separate post-sale total share count).
• Footnote: F1 indicates the inclusion of 20,950 unvested RSUs and 12,936 unvested restricted shares in the reported beneficial ownership.
• Filing date & timeliness: Form 4 was filed on 2026-08-31. Given the trade dates (08/27 and 08/28), the filing appears to be within normal Form 4 timing requirements.

Context

• These were open-market sales (code “S”), not exercises or awards, so there was no immediate new issuance or option conversion involved.
• Retail investors should view routine insider sales like this as informational; purchases generally carry a clearer bullish signal than sales, which can occur for many personal or tax reasons and do not alone indicate management’s assessment of company prospects.