Lanford Matthew Louis 4

What Happened

• Matthew Lanford, Paysign’s Chief Payments Officer and a company director, had 22,222 performance-based restricted shares vest on May 18, 2026 (grant/award, code A). The award was recorded at $0.00 per share.
• To satisfy tax withholding obligations, 12,755 of those shares were withheld by the issuer (code F) at an implied value of $5.87 per share, resulting in $74,808 withheld. Net new shares to Lanford after withholding were 9,467.
• This is a vesting of performance-based restricted stock (not an open-market purchase or a voluntary sale); the withholding is a routine tax-related disposition.

Key Details

• Transaction dates: May 18, 2026 (vesting and withholding); Form 4 filed May 20, 2026.
• Award: 22,222 shares @ $0.00 (value reported as $0 for the grant entry).
• Withholding/disposition: 12,755 shares @ $5.87 = $74,808 (used to cover tax withholding).
• Net shares received by the insider: 9,467 shares.
• Footnotes: F1 — vesting was performance-based tied to specific earnings targets; F2 — shares withheld to satisfy tax withholding.
• Shares owned after the transaction: not specified in the provided filing excerpt (see the full Form 4 for total holdings).
• Filing timeliness: Form 4 was filed two days after the vesting date (May 20, 2026); the filing does not indicate a late reporting flag.

Context

• Performance-based restricted stock vests when company-set targets are met; the grant itself is not a market purchase signal. Withholding shares to cover taxes is a common administrative step and does not necessarily indicate insider sentiment.
• For retail investors, awards show management was rewarded per company targets; the withholding reduces the net increase in insider ownership.