Paycom's Chad Richison: Why Insider Selling Context Matters More Than Size

The Transaction

Paycom founder Chad Richison: fresh stock sales in mid-2025. Still holds 3,217,249 shares.

Systematic vs Opportunistic

def classify(insider):
    if insider.ownership_pct > 5 and insider.sell_ratio > 10:
        return 'systematic_diversification'
    elif insider.ownership_pct < 1:
        return 'potential_exit'
    return 'needs_context'

Richison is textbook systematic: large continued ownership + regular selling cadence.

Full analysis: https://13finsight.com/news/paycom-chad-richison-sales-still-need-context?utm_source=devto&utm_medium=social&utm_campaign=article_ops_0319

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Originally published at 13finsight.com