Payoneer (PAYO) CFO Beatrice Ordonez Withholds 24,194 Shares

What Happened
Beatrice Ordonez, Chief Financial Officer of Payoneer Global Inc. (PAYO), had 24,194 shares withheld on August 13, 2026, at $7.14 per share to satisfy her tax obligation arising from the settlement of vested restricted stock units (RSUs). The withheld shares are recorded as a disposition with a reported value of approximately $172,745. This was a tax-withholding event (routine) tied to RSU vesting — not an open-market sale.

Key Details

• Transaction date: 2026-08-13
• Price per share reported: $7.14
• Shares withheld/disposed: 24,194
• Reported value: $172,745 (24,194 × $7.14)
• Transaction code: F (tax withholding)
• Footnote: Shares were withheld solely to cover the reporting person's tax obligation from vested RSUs and do not represent an open market sale.
• Filing date / timeliness: Form filed 2026-08-14 (next day), appears timely.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context
This was a cashless/tax-withholding settlement of vested RSUs — a common administrative action when equity awards vest. Because the shares were withheld to cover taxes (per the footnote), this transaction should not be interpreted as the insider selling shares on the open market or signaling a change in investment conviction.