Topline Capital Management, LLC - Jan 22, 2024 Form 3 Insider Report for Paysign, Inc. (PAYS)

Role
Other*
Signature
Topline Capital Management, LLC, By: Collin McBirney, its Managing Member
Stock symbol
PAYS
Transactions as of
Jan 22, 2024
Transactions value $
$0
Form type
3
Date filed
1/25/2024, 07:26 PM
Previous filing
Apr 18, 2023
Next filing
Jan 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PAYS Common Stock 5.36M Jan 22, 2024 By Topline Capital Partners, LP F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting persons are (i) Topline Capital Management, LLC, an exempt reporting adviser ("TCM"), and (ii)Collin McBirney, TCM's managing member.
F2 Each reporting person may be deemed to beneficially own more than 10% of the issuer's outstanding shares of common stock. Each reporting person disclaims beneficial ownership of the shares of common stock reported herein except to the extent of its or his pecuniary interest therein, and this report shall not be deemed to be an admission that any reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
F3 5,356,872 shares of common stock reported in Table I on this Form 3 are beneficially owned by Topline Capital Partners, LP, a Delaware limited partnership (the "Fund"). As a greater than 10% beneficial owner, the Fund is separately reporting its holdings in the issuer's securities on a Form 3 filed concurrently herewith. Each of TCM, as the investment manager and general partner of the Fund, and Mr. McBirney, as managing member of TCM, may be deemed to be the beneficial owner of the shares of common stock beneficially owned by the Fund.