Topline Capital Management, LLC - 13 Jan 2025 Form 4 Insider Report for Paysign, Inc. (PAYS)

Role
Other*
Signature
Topline Capital Management, LLC, By: Collin McBirney, its Managing Member
Issuer symbol
PAYS
Transactions as of
13 Jan 2025
Net transactions value
-$863,045
Form type
4
Filing time
15 Jan 2025, 21:14:47 UTC
Previous filing
31 Dec 2024
Next filing
30 Jun 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYS Common Stock Sale $474,245 -154,982 -2.8% $3.06 5,456,146 13 Jan 2025 By Topline Capital Partners, LP F1, F2, F3
transaction PAYS Common Stock Sale $388,800 -120,000 -2.2% $3.24 5,336,146 14 Jan 2025 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 SEC registered 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 The shares of common stock reported in Table I on this Form 4 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 4 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.