Baker Jeffery Bradford 4

What Happened Jeffery Baker, Paysign's (PAYS) Chief Financial Officer, had 60,000 restricted shares/derivatives convert/vest on February 28, 2026 (transaction code M). The issuer withheld 26,055 of those shares to satisfy tax withholding (transaction code F) at a withholding price of $3.55 per share, resulting in $92,495 of shares surrendered to cover taxes. Net new shares delivered to Baker were 33,945 (60,000 acquired less 26,055 withheld). The filing was submitted March 2, 2026.

Key Details

• Transaction date: 2026-02-28 (filed 2026-03-02)
• Conversions/vests: 60,000 shares acquired via derivative conversion (code M) at $0.00 (no cash exercise price)
• Tax withholding: 26,055 shares withheld (code F) at $3.55 per share, totaling $92,495
• Net shares to insider: 33,945 shares retained after withholding
• Footnotes: F1 — vesting schedule completed annually since Feb 28, 2021, fully vested Feb 28, 2026; F2 — shares withheld to satisfy tax withholding on the vesting of restricted stock units
• Shares owned after transaction: not specified in the Form 4 filing
• Timeliness: Filed March 2, 2026; appears to be within the typical Form 4 filing window (Form 4 is generally due within two business days)

Context This was a routine vesting/conversion of restricted stock units (derivative conversion), not an open-market purchase or sale. The withholding of shares to cover tax obligations is common and does not necessarily indicate the insider is buying or selling for investment reasons. Transaction codes: M = option/derivative exercise or conversion; F = shares withheld to cover tax liabilities.