Baker Jeffery Bradford 4

What Happened
Jeffery Bradford Baker, Paysign's Chief Financial Officer, received a performance-based restricted stock award of 200,000 shares (reported Nov 13, 2025). The performance goal was deemed met on Nov 13, 2025. On May 29, 2026, 44,541 shares were withheld by the company at $7.27/share to satisfy tax withholding obligations, totaling $323,813. The withholding is a routine tax-related disposition, not an open-market sale.

Key Details

• Award date / performance determination: May 7, 2025 (grant); performance goal satisfied Nov 13, 2025.
• Grant: 200,000 performance-based restricted shares (Code A) — no purchase price.
• Withholding: 44,541 shares withheld (Code F) on May 29, 2026 at $7.27/share; $323,813 value to cover taxes.
• Vesting schedule (footnote): The award will vest/deliver 1/3 on each of May 29, 2026; May 20, 2027; and May 30, 2028, subject to continued service.
• Shares owned after transaction: not specified in the provided filing.
• Filing date: Form 4 filed June 18, 2026 — about seven months after the Nov 13, 2025 report date; the filing appears delayed relative to typical 2-business-day reporting requirements.

Context
This was a compensation award (performance RSUs) where a tranche vested after the performance target was met. The 44,541-share event was a tax-withholding disposition by the issuer (common practice when RSUs vest) and should not be read as a market sell signal. Performance-based awards indicate company targets were achieved, but do not by themselves indicate the insider's personal view of the stock.