Chad Richison Files Amendment 21 for Paycom Software; Establishes New 10b5-1 Sales Plan

Chad R. Richison and Ernest Group, Inc. filed Amendment No. 21 to their Schedule 13D for Paycom Software, Inc. (PAYC) on September 3, 2026. The filing reports a beneficial ownership of 5,899,707 shares, representing 13.1% of the company's common stock based on 45,071,619 shares outstanding as of July 28, 2026. The primary purpose of this amendment was to disclose that Ernest Group entered into a new Rule 10b5-1 Sales Plan on September 1, 2026. Under this plan, J.P. Morgan Securities LLC is authorized to sell up to 1,090,000 shares of Common Stock on behalf of Ernest Group between December 1, 2026, and June 1, 2027, subject to specific price and timing restrictions. While the filing shows a reported increase in holdings compared to the provided previous data point of zero, the core update is the establishment of this systematic divestment plan. Mr. Richison maintains sole voting and dispositive power over 2,674,328 shares and shared power over 3,225,379 shares.