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

Role: EVP, Operations, Director
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.

Content

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.

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.