Herman Joan M 4/A
4/A · Paysign, Inc. · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
Paysign (PAYS) EVP Joan M. Herman Sells 22,534 Shares
What Happened Joan M. Herman, EVP of Operations and a director at Paysign, sold 22,534 shares on May 26, 2026. The shares were sold at a weighted average price of $7.01 per share (range $7.0001–$7.0249), for total reported proceeds of $158,038. This report is an amended Form 4 filed June 18, 2026.
Key Details
- Transaction date: 2026-05-26 (sale, code S)
- Price: weighted average $7.01; individual sale prices ranged $7.0001–$7.0249
- Total proceeds: $158,038
- Shares owned after transaction: not disclosed in the provided excerpt
- Notable footnotes: sale was effected under a Rule 10b5-1 trading plan adopted Sept 12, 2025; the filer can provide a breakdown of number of shares sold at each price within the stated range upon request
- Filing: Amended Form 4 (filed 2026-06-18)
Context This was a sale executed pursuant to a pre-established 10b5-1 plan, which is commonly used to schedule trades in advance and can make a sale less indicative of the insider's current view of the company. For retail investors, purchases generally carry clearer signals than routine sales under prearranged plans; this filing documents the transaction but does not by itself explain the insider’s motives.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-05-26$7.01/sh−22,534$158,038→ 836,211 total
Footnotes (2)
- [F1]Transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 12, 2025.
- [F2]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.0001 to $7.0249, inclusive. The reporting person undertakes to provide to Paysign, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.