Lanford Matthew Louis 4/A

What Happened Matthew Lanford, Paysign’s Chief Payments Officer and a director, was granted 66,666 performance-based restricted shares (reported as an award) that were deemed to have met the performance goal on 2025-11-13 (grant recorded as $0.00 acquisition). On 2026-05-18 the issuer withheld 12,755 of those shares to satisfy tax withholding obligations at an effective price/value of $5.87 per share, totaling $74,808 (disposition reported under code F for tax withholding).

Key Details

• Grant date / performance determination: 2025-11-13 (award recorded $0.00 for 66,666 shares).
• Tax withholding (disposition): 2026-05-18 — 12,755 shares withheld at $5.87/share, value $74,808.
• Shares remaining from this award after withholding: 53,911 shares (66,666 granted minus 12,755 withheld), assuming no other transactions or holdings.
• Footnotes: F1 — the restricted stock was originally granted May 7, 2025 and the performance goal was satisfied Nov 13, 2025; vesting/delivery scheduled 1/3 on each of May 18, 2026, 2027 and 2028, subject to continued service. F2 — the 12,755 shares were withheld by the issuer to satisfy tax obligations.
• Filing: This is an amended Form 4 (Accession 0001683168-26-004980) filed 2026-06-18 covering a reportable event on 2025-11-13 and a withholding on 2026-05-18; the timing indicates the filing was not within the typical two-business-day window for Form 4s.

Context

• This was a performance-based restricted stock award (an equity grant), not an open-market purchase or a voluntary sale; the withholding of shares to cover taxes is a routine administrative step and is recorded as a disposition for tax purposes (code F). Grants indicate compensation or long-term incentives rather than an immediate trading signal; withholding does not necessarily reflect a change in insider sentiment.