Scott Galit - Dec 4, 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
Dec 4, 2023
Transactions value $
-$148,396
Form type
4
Date filed
12/6/2023, 05:07 PM
Previous filing
Nov 21, 2023
Next filing
Jan 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYO Common Stock Tax liability -$77.2K -14.7K -0.53% $5.26 2.76M Dec 4, 2023 Direct F1
transaction PAYO Common Stock Sale -$71.2K -14.1K -0.51% $5.06 2.74M Dec 5, 2023 Direct 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 Shares withheld solely to cover the reporting person's tax obligation arising from the settlement of vested restricted stock units and does not represent an open market sale.
F2 The transaction reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2023.