Joan M. Herman - Sep 3, 2021 Form 4 Insider Report for Paysign, Inc. (PAYS)

Signature
/s/ Joan M. Herman
Stock symbol
PAYS
Transactions as of
Sep 3, 2021
Transactions value $
$311,338
Form type
4
Date filed
9/8/2021, 07:54 PM
Next filing
Sep 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYS Common Stock Options Exercise $492K +200K +31.42% $2.46 837K Sep 3, 2021 Direct
transaction PAYS Common Stock Sale -$181K -76K -9.08% $2.38 761K Sep 8, 2021 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 29, 2017, the reporting person received a grant of 1,000,000 shares of common stock. 200,000 vested on date of employment (9/4/17). The remaining 800,000 vested annually in equal amounts over a four-year period commencing on September 3, 2018. As of the date of this filing, 1,000,000 shares of common stock have vested and been issued.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.35 to $2.45, inclusive. The reporting person undertakes to provide to Paysign, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.