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

Role
Director
Signature
/s/ Ben Ozeri, attorney-in-fact for Scott Galit
Issuer symbol
PAYO
Transactions as of
11 Mar 2024
Net transactions value
-$2,534,151
Form type
4
Filing time
13 Mar 2024, 17:18:01 UTC
Previous filing
06 Mar 2024
Next filing
27 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYO Common Stock Options Exercise $190,478 +307,222 +9.8% $0.6200 3,435,203 11 Mar 2024 Direct F1
transaction PAYO Common Stock Sale $1,402,991 -307,222 -8.9% $4.57 3,127,981 11 Mar 2024 Direct F1
transaction PAYO Common Stock Options Exercise $210,874 +340,120 +11% $0.6200 3,468,101 12 Mar 2024 Direct F1
transaction PAYO Common Stock Sale $1,532,513 -340,120 -9.8% $4.51 3,127,981 12 Mar 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 -307,222 -24% $0.000000 987,462 11 Mar 2024 Common Stock 307,222 $0.6200 Direct F1, F2
transaction PAYO Stock Options (Right to buy) Options Exercise $0 -340,120 -34% $0.000000 647,342 12 Mar 2024 Common Stock 340,120 $0.6200 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.