Scott Galit - Aug 22, 2023 Form 4 Insider Report for Payoneer Global Inc. (PAYO)

Role
Director
Signature
/s/ Kajal Shah-Sakaria, attorney-in-fact for Scott Galit
Stock symbol
PAYO
Transactions as of
Aug 22, 2023
Transactions value $
-$97,683
Form type
4
Date filed
8/24/2023, 08:37 PM
Previous filing
Aug 22, 2023
Next filing
Sep 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYO Common Stock Sale -$97.7K -16.6K -1.26% $5.90 1.3M Aug 22, 2023 Direct F1
holding PAYO Common Stock 1.56M Aug 22, 2023 By Trust F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transaction reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 Includes shares of common stock held of record by the Galit 2021 Trust (the "Galit Trust"). Members of the Reporting Person's immediate family are holders of the Galit Trust, and the Reporting Person serves as a trustee and may be deemed to exercise voting and investment power over such shares.