Jeffery B. Baker - Feb 28, 2022 Form 4 Insider Report for Paysign, Inc. (PAYS)

Role: Chief Financial Officer
Signature: /s/ Jeffrey B. Baker
Stock symbol: PAYS
Transactions as of: Feb 28, 2022
Transactions value $: $74,166
Form type: 4
Date filed: 3/2/2022, 07:44 PM
Previous filing: May 18, 2021
Next filing: Mar 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PAYS	Common Stock	Options Exercise	$130K	+60K	+240%	$2.17	85K	Feb 28, 2022	Direct	F1
transaction	PAYS	Common Stock	Sale	-$56K	-26.3K	-30.95%	$2.13	58.7K	Mar 1, 2022	Direct	F2, 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	PAYS	Stock Grant	Options Exercise		+60K	+33.33%		240K	Feb 28, 2022	Common Stock			Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On January 6, 2021, the reporting person received a grant of 300,000 shares of common stock vesting annually in equal amounts over a five-year period commencing on February 28, 2022. As of the date of this filing, 60,000 shares of common stock have vested and been issued.
F2	The price reported in Column 4 is a weighted average price. 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.
F3	These shares of common stock were sold to satisfy certain tax withholding obligations associated with the vesting of restricted stock.
F4	N/A