Lee Chi Eun 4

What Happened

• Lee Chi Eun, Chief Transformation Officer of Paysafe Ltd (PSFE), had 31,691 shares issued on April 1, 2026 in connection with a derivative conversion/vesting event (reported as a conversion/exercise of derivative and footnoted as vesting of restricted stock).
• To satisfy tax and related obligations, the company withheld 20,605 of those shares (two withholding entries: 15,291 shares at $6.71 totaling $102,603; and 5,314 shares at $7.41 totaling $39,377), producing total proceeds of $141,980.
• After withholding, Lee retained 11,086 shares. The derivative entry shows $0.00 exercise price and the filing footnote indicates these were restricted stock vesting (not an open-market purchase).

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (appears timely).
• Shares acquired: 31,691 (vesting/conversion). Shares withheld/disposed for tax/exercise: 20,605 (15,291 at $6.71; 5,314 at $7.41).
• Cash/proceeds from withheld shares: $102,603 + $39,377 = $141,980.
• Net shares retained after withholding: 11,086.
• Footnote: F1 — Vesting of Restricted Stock. No 10b5‑1 plan or late filing flag noted in provided data.
• Shares owned after transaction: not provided in the supplied summary.

Context

• This appears to be a routine vesting/settlement of restricted stock with “sell-to-cover” (share withholding) to meet tax liabilities — common for equity compensation and not an open-market sale or purchase signal.
• The derivative/“M” code here reflects conversion/settlement; because shares were withheld rather than sold on the open market, this is primarily an administrative tax-withholding action rather than a discretionary sale by the insider.