Paycom CEO Chad Richison Amends 13D Filing

TL;DR

**Paycom CEO Chad Richison just updated his ownership stake in the company via a 13D/A filing.**

AI Summary

Chad R. Richison, CEO of Paycom Software, Inc., filed an Amendment No. 16 to Schedule 13D on February 20, 2024, indicating a change in his beneficial ownership of Paycom's Common Stock. The filing, triggered by an event on February 16, 2024, updates his holdings in the company (CUSIP 70432V102). Richison's address is listed as 7501 W. Memorial Road, Oklahoma City, OK 73142.

Why It Matters

This filing updates the public on the beneficial ownership of Paycom's CEO, Chad R. Richison, providing transparency into his stake in the company and any recent changes.

Risk Assessment

Risk Level: low — This is an amendment to a standard ownership disclosure, not indicating any immediate high-risk activity.

Key Players & Entities

• Chad R. Richison (person) — Filing Person, CEO of Paycom Software, Inc.
• Paycom Software, Inc. (company) — Subject Company, Issuer of Securities
• February 16, 2024 (date) — Date of Event Requiring Filing
• February 20, 2024 (date) — Filing Date
• 70432V102 (other) — CUSIP Number for Common Stock

FAQ

Key Financial Figures

• $0.01 — es to shares of common stock, par value $0.01 per share ( Common Stock ), of Paycom S

Filing Documents

• d510272dsc13da.htm (SC 13D/A) — 56KB
• d510272dex994.htm (EX-99.4) — 45KB
• g510272g0217031417896.jpg (GRAPHIC) — 2KB
• 0001193125-24-039975.txt ( ) — 105KB

is hereby amended and supplemented as follows

Item 4 is hereby amended and supplemented as follows: On February 16, 2024, Mr. Richison and Ernest Group entered into a Sales Plan (the February 2024 10b5-1 Plan ) with JPMS, pursuant to which JPMS is authorized to sell up to 487,500 shares of Common Stock on behalf of Mr. Richison and up to 487,500 shares of Common Stock on behalf of Ernest Group, in each case during the period beginning on the later of (i) May 17, 2024, and (ii) the third trading day following disclosure of the Issuers financial results on Form 10-Q for the quarter ended March 31, 2024, and ending November 13, 2024, subject to earlier termination in accordance with the terms of the February 2024 10b5-1 Plan and applicable laws, rules and regulations. Transactions under the February 2024 10b5-1 Plan will be subject to certain price restrictions and other restrictions under the terms of the February 2024 10b5-1 Plan. The February 2024 10b5-1 Plan is intended to comply with the requirements of Rule 10b5-1(c) promulgated under the Act. The foregoing description of the February 2024 10b5-1 Plan is qualified in its entirety by reference to the full text of the February 2024 10b5-1 Plan, a form of which is attached hereto as Exhibit 99.4 and incorporated herein by reference. Item5. Interest in Securities of the Issuer.

is hereby amended and restated in its entirety as follows

Item 5 is hereby amended and restated in its entirety as follows: (a)-(b) Each Reporting Person declares that neither the filing of this Schedule 13D nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this Schedule 13D. Each Reporting Person may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for the purposes of Section 13(d) or 13(g) of the Act. Each Reporting Person declares that neither the filing of this Schedule 13D nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer; or (ii) a member of any syndicate or group with respect to the Issuer or any securities of the Issuer. As of February 20, 2024, the Reporting Persons may be deemed to beneficially own the shares of Common Stock set forth in the table below: Reporting Person Number of Shares Beneficially Owned Percentage of Outstanding Shares Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Ernest Group, Inc. 3,670,999 6.4 % (1) 0 3,670,999 0 3,670,999 Chad Richison 6,784,041 (2) 11.8 % (1) 3,093,908 3,690,133 (3) 3,093,908 3,690,133 (3) (1) Based on 57,551,437 shares of Common Stock outstanding, including 994,817 shares of restricted stock, as of February 8, 2024, as disclosed in the Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed by the Issuer with the SEC on February 15, 2024. (2) Consists of (a) 3,093,908 shares of Common

is hereby amended and supplemented as follows

Item 6 is hereby amended and supplemented as follows: The information set forth in Item 4 of this Amendment is incorporated by reference into this Item 6. Item7. Material to be Filed as Exhibits.

is hereby amended and restated in its entirety as follows

Item 7 is hereby amended and restated in its entirety as follows: The following exhibits are filed as exhibits hereto: Exhibit Description of Exhibit 99.1 Joint Filing Agreement, dated August 10, 2023, by and between Chad Richison and Ernest Group, Inc. (incorporated by reference to Exhibit 99.1 to the Schedule 13D filed by the Reporting Persons with the SEC on August 11, 2023). 99.2 Form of Sales Plan, dated August 10, 2023, by and between Chad Richison and J.P. Morgan Securities LLC (incorporated by reference to Exhibit 99.4 to the Schedule 13D filed by the Reporting Persons with the SEC on August 11, 2023). 99.3 Letter Agreement, by and between the Issuer and Chad Richison, dated February 7, 2024 (incorporated by reference to Exhibit 10.5 to the Current Report on Form 8-K filed by the Issuer with the SEC on February 7, 2024). 99.4* Form of Sales Plan, dated February 16, 2024, by and between Chad Richison, Ernest Group, Inc. and J.P. Morgan Securities LLC. * Filed herewith. SIGNATURE After reasonable inquiry and to the best of each of the undersigneds knowledge and belief, each of the undersigned, severally and not jointly, certifies that the information set forth in this statement is true, complete and correct. Date: February 20, 2024 ERNEST GROUP, INC. By: /s/ Chad Richison Name: Chad Richison Title: Director CHAD RICHISON /s/ Chad Richison

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View this SC 13D/A filing on SEC EDGAR