Mark Newcomer - Jul 31, 2023 Form 4 Insider Report for Paysign, Inc. (PAYS)

Role
CEO, Director, 10%+ Owner
Signature
/s/ Mark Newcomer
Stock symbol
PAYS
Transactions as of
Jul 31, 2023
Transactions value $
-$70,539
Form type
4
Date filed
8/3/2023, 06:00 AM
Previous filing
Oct 4, 2021
Next filing
Aug 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYS Common Stock Options Exercise $0 +150K +1.6% $0.00 9.53M Jul 31, 2023 Direct F1
transaction PAYS Common Stock Sale -$38.2K -20.3K -0.21% $1.88 9.51M Aug 1, 2023 Direct F2, F3
transaction PAYS Common Stock Sale -$32.3K -17.8K -0.19% $1.82 9.49M Aug 2, 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 -150K -20% $0.00 600K Jul 31, 2023 Common stock 150K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One-fifth of the restricted stock shall vest annually on each anniversary of the July 31, 2022 vesting commencement date until fully vested on July 31, 2027.
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.