Arnon Kraft - Sep 9, 2021 Form 4 Insider Report for Payoneer Global Inc. (PAYO)

Role: Chief Operating Officer
Signature: /s/ Arnon Kraft
Stock symbol: PAYO
Transactions as of: Sep 9, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/13/2021, 09:47 AM
Next filing: Feb 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PAYO	Common Stock	Award	$0	+318K		$0.00	318K	Sep 9, 2021	Direct	F1
transaction	PAYO	Common Stock	Award	$0	+20K		$0.00	20K	Sep 9, 2021	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. 25% of the RSUs vest and settle into shares of Common Stock on March 29, 2022, and the remainder will vest ratably in 1/12 installments on a quarterly basis thereafter provided that the Reporting Person remains in continuous service on each applicable vesting date.
F2	The Reporting Person was granted RSUs, which represent a contingent right to receive one share of Common Stock for each RSU. 50% of the RSUs will vest and settle into shares of Common Stock if, at any time during the first 30 months immediately following June 25, 2021 (which was the closing date of the reorganization relating to the Issuer), the closing per share price of the Issuer's Common Stock is greater than or equal to $15.00 over any 20 trading days within any 30 trading day period and, after taking into account any vesting in accordance with the foregoing, the remaining 50% of the RSUs will vest and settle into shares of Common Stock if, at any time during the 60 months immediately following June 25, 2021, the closing per share price of the Issuer's Common Stock is greater than or equal to $17.00 over any 20 trading days within any 30 trading day period, in each case, provided that the Reporting Person remains in continuous service on each applicable vesting date.

Content

The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. 25% of the RSUs vest and settle into shares of Common Stock on March 29, 2022, and the remainder will vest ratably in 1/12 installments on a quarterly basis thereafter provided that the Reporting Person remains in continuous service on each applicable vesting date.

The Reporting Person was granted RSUs, which represent a contingent right to receive one share of Common Stock for each RSU. 50% of the RSUs will vest and settle into shares of Common Stock if, at any time during the first 30 months immediately following June 25, 2021 (which was the closing date of the reorganization relating to the Issuer), the closing per share price of the Issuer's Common Stock is greater than or equal to $15.00 over any 20 trading days within any 30 trading day period and, after taking into account any vesting in accordance with the foregoing, the remaining 50% of the RSUs will vest and settle into shares of Common Stock if, at any time during the 60 months immediately following June 25, 2021, the closing per share price of the Issuer's Common Stock is greater than or equal to $17.00 over any 20 trading days within any 30 trading day period, in each case, provided that the Reporting Person remains in continuous service on each applicable vesting date.