Mark Newcomer - Sep 30, 2021 Form 4 Insider Report for Paysign, Inc. (PAYS)

Signature
/s/ Mark Newcomer
Stock symbol
PAYS
Transactions as of
Sep 30, 2021
Transactions value $
-$6,063,805
Form type
4
Date filed
10/4/2021, 07:50 PM
Previous filing
Jul 6, 2021
Next filing
Aug 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYS Common Stock Options Exercise $270K +100K +1.07% $2.70 9.42M Sep 30, 2021 Direct F1
transaction PAYS Common Stock Sale -$100K -38.8K -0.41% $2.58 9.38M Oct 1, 2021 Direct F2, F3
transaction PAYS Common Stock Sale -$6.23M -2.46K -0.03% $2,532.00* 9.38M Oct 4, 2021 Direct F2, 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 PAYS Stock Grant Options Exercise -100K -100% 0 Sep 30, 2021 Common Stock 100K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 11, 2016, the reporting person received a grant of 2,000,000 shares of common stock vesting in equal amounts over a 5 year period on the last day of each quarter if employed by the company at that time. As of the date of this filing, 2,000,000 shares of common stock have vested and been issued.
F2 These shares of common stock were sold to satisfy certain tax withholding obligations associated with the vesting of restricted stock.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.48 to $2.62, 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.51 to $2.57, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.