Herman Joan M 4
4 · Paysign, Inc. · Filed Jun 30, 2026
Research Summary
AI-generated summary of this filing
Paysign (PAYS) EVP Joan M. Herman Sells 100,000 Shares
What Happened
Joan M. Herman, EVP of Operations and a director at Paysign, sold 100,000 shares of PAYS on June 26, 2026. The weighted-average sale price was $8.01 per share (range $8.0071–$8.0329), producing total proceeds of approximately $801,140. This was a sale (not a purchase) and therefore generally a routine disposition rather than a bullish insider purchase.
Key Details
- Transaction date: June 26, 2026; Form 4 filed June 30, 2026 (appears to be filed within the normal 2-business-day window).
- Type: Sale (S) — open market or private sale as reported.
- Shares sold: 100,000; weighted-average price: $8.01; price range: $8.0071 to $8.0329.
- Proceeds: ~$801,140.
- Shares owned after transaction: not disclosed in the provided excerpt.
- Footnotes: (F1) Sale was effected pursuant to a Rule 10b5-1 trading plan adopted Sept 12, 2025. (F2) Weighted-average price reported; seller can provide per-trade price breakdown on request.
Context
A Rule 10b5-1 plan is a pre-arranged trading program that allows insiders to sell shares at predetermined times or conditions; sales under such plans are generally considered routine and reduce the likelihood the trade reflects contemporaneous insider sentiment. For retail investors, purchases by insiders are often more informative about confidence than scheduled sales; this transaction should be viewed as a planned disposal unless other information indicates otherwise.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-06-26$8.01/sh−100,000$801,140→ 707,009 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 $8.0071 to $8.0329, 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.