Avi Zeevi - May 8, 2024 Form 4/A Insider Report for Payoneer Global Inc. (PAYO)

Role
Director
Signature
/s/ Kajal Shah-Sakaria, attorney-in-fact for Avi Zeevi
Stock symbol
PAYO
Transactions as of
May 8, 2024
Transactions value $
-$1,431,410
Form type
4/A
Date filed
8/8/2024, 06:57 PM
Date Of Original Report
May 10, 2024
Previous filing
Apr 9, 2024
Next filing
May 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYO Common Stock Sale -$497K -84.3K -14.59% $5.90 493K May 8, 2024 Direct F1
transaction PAYO Common Stock Sale -$934K -150K -33.16% $6.23 302K Aug 7, 2024 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 This line item is being amended solely to correct that on May 10, 2024, the Reporting Person filed a Form 4 which inadvertently reported that 84,226 shares of the issuer's common stock were sold at $5.9028 per share on May 8, 2024, due to an administrative error. As noted above, 84,266 shares of the issuer's common stock were actually sold at $5.9028 per share on May 8, 2024. The number of securities reported in Column 5 reflects the Reporting Person's direct beneficial ownership immediately following the corrected transaction. These shares of issuer's common stock were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 14, 2023.
F2 The transaction reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 14, 2023.