LOWTHERS BRUCE F JR 4

What Happened
Bruce Lowthers, CEO of Paysafe Ltd (PSFE), had 438,036 shares issued via exercise/conversion of a derivative (reported as "M") on 2026-04-01, stemming from the vesting of restricted stock. To satisfy tax/exercise obligations (code F), 163,006 of those shares were withheld/disposed at $6.71 per share, generating $1,093,770 in withheld proceeds reported on the Form 4.

Key Details

• Transaction date: 2026-04-01; Form 4 filed 2026-04-03 (Period of Report 2026-04-01).
• Derivative exercise/conversion: 438,036 shares acquired (one entry shows $0.00 exercise price; another entry lists N/A).
• Tax/exercise withholding (F): 163,006 shares disposed at $6.71, total $1,093,770.
• Footnote: F1 — Vesting of Restricted Stock.
• Shares owned after the transaction: not specified in the filing.
• No late filing flag is indicated in the report (filed two days after the transaction).

Context
This was primarily a vesting/exercise event (not an open-market purchase). The withholding of 163,006 shares to cover taxes is a routine, administrative disposition common with RSU/option vesting (often called a "sell-to-cover" or tax withholding). Such transactions reflect compensation vesting rather than a discretionary buy or sell decision by the insider.