Herman Joan M 4

What Happened

• Joan M. Herman, EVP of Operations and a director at Paysign (PAYS), had 11,111 performance-based restricted shares vest on May 13, 2026 (reported as an award/acquisition at $0.00 per share). To satisfy tax withholding on the vesting event, 6,171 shares were withheld by the issuer (coded as a disposition) at an implied per-share value of $5.83, totaling about $35,977. The award was performance-based and vested upon achievement of defined earnings targets (footnote F1); the withheld shares represent tax withholding (footnote F2).

Key Details

• Transaction date: May 13, 2026 (reported on Form 4 filed May 14, 2026)
• Awarded/Acquired: 11,111 shares at $0.00 (code A)
• Shares withheld for taxes (Disposition): 6,171 shares at $5.83 = $35,977 (code F)
• Footnotes: F1 = performance-based RSUs vested due to meeting earnings targets; F2 = shares withheld by issuer to satisfy tax withholding
• Filing timeliness: Form 4 filed the next day (not indicated as late)
• Shares owned after transaction: not specified in the summary provided (see the lodged Form 4 for total post-transaction holdings)

Context

• This was a vesting of performance-based restricted stock, not an open-market purchase or sale. The withholding of 6,171 shares is a routine tax-withholding action (code F) rather than a market sale and does not necessarily signal buy/sell intent. For full ownership detail and any additional context, consult the submitted Form 4 (Accession No. 0001683168-26-003954).