Itai Perry - Nov 18, 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
Nov 18, 2024
Transactions value $
-$574,961
Form type
4
Date filed
11/20/2024, 07:11 PM
Previous filing
Nov 7, 2024
Next filing
Nov 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYO Common Stock Tax liability -$20.9K -2.03K -0.87% $10.33 231K Nov 18, 2024 Direct F1, F4
transaction PAYO Common Stock Options Exercise $32.90 +3.29K +1.42% $0.01 234K Nov 18, 2024 Direct F2
transaction PAYO Common Stock Options Exercise $7.73K +2.82K +1.2% $2.74 237K Nov 18, 2024 Direct F2
transaction PAYO Common Stock Options Exercise $176 +17.6K +7.43% $0.01 255K Nov 18, 2024 Direct F2
transaction PAYO Common Stock Sale -$562K -52.8K -20.74% $10.64 202K Nov 18, 2024 Direct F2, F3, F4

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 -3.29K -100% $0.00 0 Nov 18, 2024 Common Stock 3.29K $0.01 Direct F2, F5
transaction PAYO Stock Options (Right to buy) Options Exercise $0 -2.82K -100% $0.00 0 Nov 18, 2024 Common Stock 2.82K $2.74 Direct F2, F5
transaction PAYO Stock Options (Right to buy) Options Exercise $0 -17.6K -90.91% $0.00 1.76K Nov 18, 2024 Common Stock 17.6K $0.01 Direct F2, F5
* 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 Shares withheld solely to cover the reporting person's tax obligation arising from the settlement of vested restricted stock units and does not represent an open market sale.
F2 The transaction reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 15, 2024.
F3 The reported sale price reflects the weighted average sale price for multiple transactions, ranging from $10.3300 to $10.7600. 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.
F4 Includes 4,266 shares of Common Stock acquired on November 15, 2024 pursuant to the Issuer's Employee Stock Purchase Plan for the purchase period of May 16, 2024 to November 15, 2024.
F5 This option is fully vested and exercisable.