# EDGAR Filing Document

**Accession Number:** 0001594487
**File Stem:** 0001193125-25-322765
**Filing Date:** 2025-12
**Character Count:** 13456
**Document Hash:** c6fe891704d09b96f1bed541fa61490d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-322765.hdr.sgml**: 20251217

**ACCESSION NUMBER**: 0001193125-25-322765

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20251217

**DATE AS OF CHANGE**: 20251217

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Paycom Software, Inc.
- **CENTRAL INDEX KEY:** 0001590955
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 800957485
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-88119
- **FILM NUMBER:** 251579437

**BUSINESS ADDRESS:**
- **STREET 1:** 7501 W. MEMORIAL ROAD
- **CITY:** OKLAHOMA CITY
- **STATE:** OK
- **ZIP:** 73142
- **BUSINESS PHONE:** (405) 722-6900

**MAIL ADDRESS:**
- **STREET 1:** 7501 W. MEMORIAL ROAD
- **CITY:** OKLAHOMA CITY
- **STATE:** OK
- **ZIP:** 73142
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Richison Chad R.
- **CENTRAL INDEX KEY:** 0001594487

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**MAIL ADDRESS:**
- **STREET 1:** 7501 W. MEMORIAL ROAD
- **CITY:** OKLAHOMA CITY
- **STATE:** OK
- **ZIP:** 73142

### Attached PDF Documents

**Attachment 1:** `ck0000000000-ex99_2.pdf`

_No text found in this document._

**Attachment 2:** `ck0000000000-ex99_4.pdf`

_No text found in this document._

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 20)**

**PAYCOM SOFTWARE, INC.**

*(Name of Issuer)*

**Common Stock**

*(Title of Class of Securities)*

**70432V102**

*(CUSIP Number)*

**Greg R. Samuel, Esq.**<br>Haynes and Boone, LLP<br>2801 N Harwood St, Suite 2300<br>Dallas TX 75201<br>(214) 651-5000

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**12/15/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **70432V102** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Ernest Group, Inc.** | Name of reporting person<br>**Ernest Group, Inc.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**OKLAHOMA** | Citizenship or place of organization<br>**OKLAHOMA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**3217249.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**3217249.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**3217249.00** | Aggregate amount beneficially owned by each reporting person<br>**3217249.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**5.7%** | Percent of class represented by amount in Row (11)<br>**5.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

| **CUSIP No.** | **70432V102** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Chad Richison** | Name of reporting person<br>**Chad Richison** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**2642800.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**3237879.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**2642800.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**3237879.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**5880679.00** | Aggregate amount beneficially owned by each reporting person<br>**5880679.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**10.5%** | Percent of class represented by amount in Row (11)<br>**10.5%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** (1) The figure reported in Items 8 and 10 on this cover page consists of (a) 3,217,249 shares of Common Stock owned by Ernest Group, (b) 56 shares of Common Stock owned by the ARR Trust, (c) 440 shares of Common Stock owned by the ALR Trust, (d) 440 shares of Common Stock owned by the IDR Trust, (e) 12,500 shares of Common Stock owned by the Spouse Trust, (f) 1,199 shares of Common Stock owned by the RWP Trust, (g) 1,199 shares of Common Stock owned by the LWR Trust, (h) 1,199 shares of Common Stock owned by the KGR Trust, (i) 1,199 shares of Common Stock owned by the SER Trust, (j) 1,199 shares of Common Stock owned by the CBP Trust, and (k) 1,199 shares of Common Stock owned by the FPR Trust.

(2) The figure reported in Item 11 on this cover page consists of (a) 2,642,800 shares of Common Stock owned by Mr. Richison, including 14,382 shares of Common Stock issuable upon settlement of restricted stock units held by Mr. Richison that will vest within sixty days, (b) 3,217,249 shares of Common Stock owned by Ernest Group, (c) 56 shares of Common Stock owned by the ARR Trust, (d) 440 shares of Common Stock owned by the ALR Trust, (e) 440 shares of Common Stock owned by the IDR Trust, (f) 12,500 shares of Common Stock owned by the Spouse Trust, (g) 1,199 shares of Common Stock owned by the RWP Trust, (h) 1,199 shares of Common Stock owned by the LWR Trust, (i) 1,199 shares of Common Stock owned by the KGR Trust, (j) 1,199 shares of Common Stock owned by the SER Trust, (k) 1,199 shares of Common Stock owned by the CBP Trust, and (l) 1,199 shares of Common Stock owned by the FPR Trust.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock

**(b) Name of Issuer:**
PAYCOM SOFTWARE, INC.

**(c) Address of Issuer's Principal Executive Offices:**
7501 W. Memorial Road, Oklahoma City, OK, 73142

This Amendment No. 20 to Schedule 13D (this "Amendment") relates to shares of common stock, par value $0.01 per share ("Common Stock"), of Paycom Software, Inc., a Delaware corporation (the "Issuer"). This Amendment amends the Schedule 13D (as previously amended or amended and restated and as amended and/or restated hereby, the "Schedule 13D") filed with the Securities and Exchange Commission (the "SEC") by the Reporting Persons. Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Schedule 13D.

**Item 4. Purpose of Transaction**

Item 4 is hereby amended and supplemented as follows:

    "On December 15, 2025, Ernest Group entered into a Sales Plan (the "December 2025 10b5-1 Plan") with JPMS, pursuant to which JPMS is authorized to sell up to 480,000 shares of Common Stock on behalf of Ernest Group during the period beginning on the later of (i) March 16, 2026 and (ii) the third trading day following disclosure of the Issuer's financial results on Form 10-K for the year ended December 31, 2025, and ending September 16, 2026, subject to earlier termination in accordance with the terms of the December 2025 10b5-1 Plan and applicable laws, rules and regulations. Transactions under the December 2025 10b5-1 Plan will be subject to certain price restrictions and other restrictions under the terms of the December 2025 10b5-1 Plan. The December 2025 10b5-1 Plan is intended to comply with the requirements of Rule 10b5-1(c) promulgated under the Act.

    The foregoing description of the December 2025 10b5-1 Plan is qualified in its entirety by reference to the full text of the December 2025 10b5-1 Plan, a form of which is attached hereto as Exhibit 99.4 and incorporated herein by reference."

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5(a) is hereby amended and restated in its entirety as follows:

    "The aggregate number and percentage of the class of securities identified pursuant to Item 1 beneficially owned by each Reporting Person is stated in Items 11 and 13 on the cover pages hereto. The percentage reported in Item 13 on the cover pages hereto is based on (i) 56,269,005 shares of Common Stock outstanding, including 1,362,888 shares of restricted stock, as of October 28, 2025, as disclosed in the Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed by the Issuer with the SEC on November 6, 2025, and (ii) with respect to the cover page for Mr. Richison only, 14,382 shares of Common Stock issuable upon settlement of restricted stock units held by Mr. Richison that will vest within sixty days.

    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."

**(b)**
Item 5(b) is hereby amended and restated in its entirety as follows:

    "Number of shares as to which each Reporting Person has:

    (i)     sole power to vote or to direct the vote:

            See Item 7 on the cover pages hereto.

    (ii)     shared power to vote or to direct the vote:

             See Item 8 on the cover pages hereto.

    (iii)    sole power to dispose or to direct the disposition of:

             See Item 9 on the cover pages hereto.

    (iv)    shared power to dispose or to direct the disposition of:

             See Item 10 on the cover pages hereto."

**(c)**
Item 5(c) is hereby amended and restated in its entirety as follows: "Except as set forth on Annex B hereto, which is attached as Exhibit 99.2 and incorporated herein by reference, there were no transactions in the shares of Common Stock that were effected during the past sixty days by the Reporting Persons or since the most recent Schedule 13D filing, whichever is less."

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Item 6 is hereby amended and supplemented as follows:

"The information set forth in Item 3 and Item 4 of this Amendment is incorporated by reference into this Item 6."

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Ernest Group, Inc.

**Signature:** /s/ Chad Richison

**Name/Title:** Chad Richison, Director

**Date:** 12/17/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Chad Richison

**Signature:** /s/ Chad Richison

**Name/Title:** Chad Richison

**Date:** 12/17/2025