Itai Perry - Oct 9, 2024 Form 4 Insider Report for Payoneer Global Inc. (PAYO)

Signature
/s/ Ben Ozeri, attorney-in-fact for Itai Perry
Stock symbol
PAYO
Transactions as of
Oct 9, 2024
Transactions value $
-$19,891
Form type
4
Date filed
10/10/2024, 05:45 PM
Previous filing
Aug 26, 2024
Next filing
Oct 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYO Common Stock Options Exercise $11.3K +3.9K +1.71% $2.90 233K Oct 9, 2024 Direct F1
transaction PAYO Common Stock Sale -$31.2K -3.9K -1.68% $8.00 229K Oct 9, 2024 Direct F1, F3

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 -3.9K -14.49% $0.00 23K Oct 9, 2024 Common Stock 3.9K $2.90 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 The transaction reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 23, 2023.
F2 This option is fully vested and exercisable.
F3 The reported sale price reflects the weighted average sale price for multiple transactions, ranging from $8.0000 to $8.0050. 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.