Robert Strobo - Oct 31, 2022 Form 4 Insider Report for Paysign, Inc. (PAYS)

Role
Chief Legal Officer
Signature
/s/ Robert Strobo
Stock symbol
PAYS
Transactions as of
Oct 31, 2022
Transactions value $
$59,717
Form type
4
Date filed
11/2/2022, 07:44 PM
Previous filing
Nov 2, 2021
Next filing
Nov 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYS Common Stock Options Exercise $98K +40K +44.42% $2.45 130K Oct 31, 2022 Direct F1
transaction PAYS Common Stock Sale -$38.3K -16.2K -12.46% $2.36 114K Nov 2, 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 +40K 40K Oct 31, 2022 Common Stock Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 22, 2018, the reporting person received a grant of 200,000 shares of common stock vesting annually in equal amounts over a five-year period commencing on October 31, 2019. As of the date of this filing, 160,000 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 $2.31 to $2.40, 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.
F3 These shares of common stock were sold to satisfy certain tax withholding obligations associated with the vesting of restricted stock.