Herman Joan M 4/A

What Happened
Joan M. Herman, Paysign’s Executive VP of Operations and a company director, was granted 33,333 performance-based restricted shares (award) that were deemed satisfied on 11/13/2025. Per the award terms, the shares vest in three equal annual tranches; the first tranche vested on 5/13/2026. To satisfy tax withholding on that vesting, the issuer withheld 6,171 shares at $5.83 per share, equal to $35,977. The original award was recorded with a $0.00 acquisition price (performance-based grant).

Key Details

• Award granted/recognized (performance goal satisfied): 11/13/2025 — 33,333 shares (recorded at $0.00). Footnote: performance goal met based on specified earnings target; award originally granted 5/7/2025.
• Vesting/payment/tax withholding: 05/13/2026 — 6,171 shares withheld at $5.83/share for taxes, value $35,977 (code F — shares withheld by issuer).
• Vesting schedule: 1/3 of 33,333 (11,111 shares) to vest/deliver on each of 5/13/2026, 5/13/2027, 5/13/2028, subject to continued service.
• Net delivered on 5/13/2026: ~4,940 shares (11,111 vested − 6,171 withheld).
• Remaining unvested from award after first tranche: 22,222 shares.
• Filing status: This is an amended Form 4 filed 6/18/2026 covering the 11/13/2025 award and 5/13/2026 withholding (the amendment was filed months after the reported events).

Context

• This was a performance-based restricted stock award (not an open-market purchase or a discretionary sale). The withholding was an issuer-administered tax-withholding of shares (code F), not an open-market sale — common when RSUs vest.
• These transactions are routine compensation-related events and do not necessarily indicate a personal buying/selling opinion by the insider.