Jeffery B. Baker - Feb 28, 2023 Form 4 Insider Report for Paysign, Inc. (PAYS)

Role
Chief Financial Officer
Signature
/s/ Jeff Baker
Stock symbol
PAYS
Transactions as of
Feb 28, 2023
Transactions value $
$132,042
Form type
4
Date filed
3/2/2023, 07:48 PM
Previous filing
Mar 2, 2022
Next filing
Aug 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYS Common Stock Options Exercise $233K +60K +102.23% $3.88 119K Feb 28, 2023 Direct F1
transaction PAYS Common Stock Sale -$101K -27.2K -22.94% $3.70 91.5K Mar 1, 2023 Direct F2, F3
* 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, 120,000 shares of common stock have vested and been issued.
F2 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.