Scott Galit - Mar 11, 2024 Form 4 Insider Report for Payoneer Global Inc. (PAYO)

Role
Director
Signature
/s/ Ben Ozeri, attorney-in-fact for Scott Galit
Stock symbol
PAYO
Transactions as of
Mar 11, 2024
Transactions value $
-$2,534,151
Form type
4
Date filed
3/13/2024, 05:18 PM
Previous filing
Mar 6, 2024
Next filing
Mar 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYO Common Stock Options Exercise $190K +307K +9.82% $0.62 3.44M Mar 11, 2024 Direct F1
transaction PAYO Common Stock Sale -$1.4M -307K -8.94% $4.57 3.13M Mar 11, 2024 Direct F1
transaction PAYO Common Stock Options Exercise $211K +340K +10.87% $0.62 3.47M Mar 12, 2024 Direct F1
transaction PAYO Common Stock Sale -$1.53M -340K -9.81% $4.51 3.13M Mar 12, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PAYO Stock Options (Right to buy) Options Exercise $0 -307K -23.73% $0.00 987K Mar 11, 2024 Common Stock 307K $0.62 Direct F1, F2
transaction PAYO Stock Options (Right to buy) Options Exercise $0 -340K -34.44% $0.00 647K Mar 12, 2024 Common Stock 340K $0.62 Direct F1, 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 on November 15, 2023.
F2 This option is fully vested and exercisable.