Jeffery Bradford Baker - 31 Jul 2023 Form 4 Insider Report for Paysign, Inc. (PAYS)

Role
Chief Financial Officer
Signature
/s/ Jeff B. Baker
Issuer symbol
PAYS
Transactions as of
31 Jul 2023
Net transactions value
-$34,494
Form type
4
Filing time
02 Aug 2023, 21:59:49 UTC
Previous filing
02 Mar 2023
Next filing
07 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYS Common Stock Options Exercise $0 +64,000 +70% $0.000000 155,461 31 Jul 2023 Direct F1
transaction PAYS Common Stock Sale $18,700 -9,928 -6.4% $1.88 145,533 01 Aug 2023 Direct F2, F3
transaction PAYS Common Stock Sale $15,793 -8,701 -6% $1.82 136,832 02 Aug 2023 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 $0 -64,000 -20% $0.000000 256,000 31 Jul 2023 Common stock 64,000 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 26, 2022, the reporting person received a grant of 320,000 shares of common stock vesting annually in equal amounts over a five-year period commencing on July 31, 2023. As of the date of this filing, 64,000 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 $1.85 to $1.97, 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 $1.79 to $1.87, 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.