Lewis William Austin IV 4

What Happened

• Lewis William Austin IV, reported as a 10% owner of PAID Inc. (PAYD), received a grant/award of 37,072 shares on March 5, 2026. The reported acquisition price was $2.40 per share, for a total reported value of approximately $88,973. This transaction is an acquisition (award/grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-05; Filing date: 2026-03-06 (Form 4 filed the next day).
• Transaction code: A (award/grant).
• Shares acquired: 37,072 at $2.40 each; total value ≈ $88,973.
• Shares owned after transaction: not specified in the reported data.
• Footnotes/plan details: the filing did not indicate a 10b5-1 plan, tax withholding, or other special footnotes.
• Timeliness: filing appears timely (reported transaction date 3/5, filed 3/6).

Context

• An "A" code award typically reflects a company grant or issuance of shares (equity compensation or similar). For a 10% owner like Austin, this represents an issuance to a large shareholder rather than a routine open-market buy or sell. The filing shows no immediate sale of the awarded shares. As always, awards indicate receipt of stock but do not, by themselves, reveal the insider's view of the company's near-term prospects.