Scott H. Galit - 03 Jul 2024 Form 4 Insider Report for Payoneer Global Inc. (PAYO)

Role
Director
Signature
/s/ Kajal Shah-Sakaria, attorney-in-fact for Scott Galit
Issuer symbol
PAYO
Transactions as of
03 Jul 2024
Net transactions value
-$2,144,779
Form type
4
Filing time
08 Jul 2024, 16:14:24 UTC
Previous filing
03 Jul 2024
Next filing
10 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYO Common Stock Options Exercise $198,686 +140,912 +6.6% $1.41 2,263,333 03 Jul 2024 Direct F1
transaction PAYO Common Stock Sale $772,818 -140,912 -6.2% $5.48 2,122,421 03 Jul 2024 Direct F1
transaction PAYO Common Stock Options Exercise $549,900 +390,000 +18% $1.41 2,512,421 05 Jul 2024 Direct F1
transaction PAYO Common Stock Sale $2,120,547 -390,000 -16% $5.44 2,122,421 05 Jul 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 -140,912 -7.2% $0.000000 1,811,205 03 Jul 2024 Common Stock 140,912 $1.41 Direct F1, F2
transaction PAYO Stock Options (Right to buy) Options Exercise $0 -390,000 -22% $0.000000 1,421,205 05 Jul 2024 Common Stock 390,000 $1.41 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 March 11, 2024.
F2 This option is fully vested and exercisable.