Robert Strobo - Oct 31, 2023 Form 4 Insider Report for Paysign, Inc. (PAYS)

Role
Chief Legal Officer
Signature
/s/ Robert Strobo
Stock symbol
PAYS
Transactions as of
Oct 31, 2023
Transactions value $
-$29,241
Form type
4
Date filed
11/2/2023, 05:44 PM
Previous filing
Aug 7, 2023
Next filing
Aug 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYS Common Stock Options Exercise $0 +40K +26.28% $0.00 192K Oct 31, 2023 Direct F1
transaction PAYS Common Stock Sale -$29.2K -16.7K -8.69% $1.75 176K Nov 1, 2023 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 $0 -40K -100% $0.00* 0 Oct 31, 2023 Common Stock 40K 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 October 31, 2019 vesting commencement date until fully vested on October 31, 2023.
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 $1.74 to $1.79, 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.