Matthew Louis Lanford - 30 Jun 2024 Form 4 Insider Report for Paysign, Inc. (PAYS)

Signature
/s/ Matthew Lanford
Issuer symbol
PAYS
Transactions as of
30 Jun 2024
Net transactions value
-$32,393
Form type
4
Filing time
02 Jul 2024, 18:20:52 UTC
Previous filing
07 Aug 2023
Next filing
02 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYS Common Stock Options Exercise $0 +20,000 +23% $0.000000 108,469 30 Jun 2024 Direct F1
transaction PAYS Common Stock Sale $32,393 -8,038 -7.4% $4.03 100,431 01 Jul 2024 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 -20,000 -100% $0.000000* 0 30 Jun 2024 Common Stock 20,000 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 31, 2019, the reporting person received a grant of 100,000 shares of common stock vesting annually in equal amounts over a five-year period commencing on June 30, 2020. As of the date of this filing, 100,000 shares of common stock have vested.
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 $3.95 to $4.06, 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.