Mark Newcomer - 13 Sep 2024 Form 4 Insider Report for Paysign, Inc. (PAYS)

Signature
/s/ Mark Newcomer
Issuer symbol
PAYS
Transactions as of
13 Sep 2024
Net transactions value
-$6,750
Form type
4
Filing time
17 Sep 2024, 20:47:12 UTC
Previous filing
06 Aug 2024
Next filing
23 Sep 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYS Common Stock Sale $6,750 -1,500 -0.02% $4.50 9,547,386 13 Sep 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2024, which plan is intended to satisfy the affirmative defense conditions of Rule 10b5-1 (c) under the Securities Exchange Act. The plan expires on June 11, 2025 and provides for the purchase or sale of an aggregate of 1.2 million shares of common stock.