Scott Galit - Aug 28, 2024 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
Aug 28, 2024
Transactions value $
-$2,160,660
Form type
4
Date filed
8/29/2024, 06:32 PM
Previous filing
Aug 20, 2024
Next filing
Sep 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYO Common Stock Sale -$1.06M -150K -7.65% $7.07 1.81M Aug 28, 2024 Direct F1, F2
transaction PAYO Common Stock Sale -$1.1M -150K -8.29% $7.33 1.66M Aug 29, 2024 Direct F1, F3
* 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 May 29, 2024.
F2 The reported sale price reflects the weighted average sale price for multiple transactions, ranging from $7.0200 to $7.1800. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F3 The reported sale price reflects the weighted average sale price for multiple transactions, ranging from $7.1200 to $7.4300. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.