Herman Joan M 4

What Happened
Joan M. Herman, Paysign's EVP of Operations and a company director, sold 22,534 shares on May 26, 2026 in an open-market/private sale for a total reported value of $158,038. The filing reports a weighted-average price of $7.01 per share (individual trades ranged from $7.0001 to $7.0249). This was a sale (S)—typically a routine disposition rather than an expressed bullish signal.

Key Details

• Transaction date: May 26, 2026. Form filed: May 29, 2026 (three days after the trade; Form 4s are normally due within two business days, so this appears to be a one-business-day late filing).
• Shares sold: 22,534; weighted-average price: $7.01; price range: $7.0001–$7.0249. Total proceeds reported: $158,038.
• Transaction type: Sale (code S), effected pursuant to a Rule 10b5-1 trading plan adopted Sept. 12, 2025 (pre-arranged plan).
• Shares owned after the transaction: not disclosed in the provided Form 4 (not reported here).
• Footnote: the filing notes the weighted-average price and offers to provide a per-trade price breakdown on request to the company, any shareholder, or the SEC.

Context
The sale was executed under a Rule 10b5-1 plan, which typically means the trades were pre-scheduled and not based on contemporaneous inside information. Sales by executives can be routine (diversification, liquidity, taxes) and do not necessarily indicate a view on company prospects.