Newcomer Mark 4
4 · Paysign, Inc. · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
Paysign (PAYS) 10% Owner Mark Newcomer Receives Award; Shares Withheld
What Happened
Mark Newcomer, a 10% owner of Paysign, received 133,334 performance-based restricted shares (award code A) that vested on May 20, 2026. To satisfy tax withholding obligations, 78,701 shares were withheld/disposed at an implied price of $6.15 per share, equal to $484,011 (transaction code F). The award itself carried no purchase price ($0.00).
Key Details
- Transaction date: May 20, 2026 (filed May 20, 2026).
- Award: 133,334 shares granted/vested (performance-based RSUs).
- Withholding: 78,701 shares withheld at $6.15/share = $484,011 to cover taxes.
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 notes vesting was based on achievement of specific earnings targets; F2 notes shares were withheld to satisfy tax withholding.
- Filing timeliness: filed the same day (no late filing indicated).
Context
This was not an open-market purchase or an exercised option for cash gain—it's the vesting of performance-based restricted stock where the company withheld shares to meet tax obligations (a common practice, similar to a cashless withholding). As a 10% owner, Newcomer is a significant holder but this report reflects award vesting and tax withholding rather than a directional buy/sell decision.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-20+133,334→ 9,084,062 total - Tax Payment
Common Stock
[F2]2026-05-20$6.15/sh−78,701$484,011→ 9,005,361 total
Footnotes (2)
- [F1]Represents the vesting of performance-based restricted stock vested on May 20, 2026, based upon the achievement of specific defined earnings targets.
- [F2]Represents shares of common stock withheld by the issuer to satisfy certain tax withholding obligations associated with the vesting of restricted stock.