Paysign (PAYS) EVP Joan M. Herman Sells 59,904 Shares

What Happened

• Joan M. Herman, EVP of Operations and a director at Paysign, sold a total of 59,904 shares in two open-market transactions on July 15–16, 2026. The first sale on 2026-07-15 disposed of 31,904 shares at a weighted average price of $8.60 for proceeds of $274,253 (range $8.48–$8.71). The second sale on 2026-07-16 disposed of 28,000 shares at a weighted average price of $8.69 for proceeds of $243,410 (range $8.58–$8.87). Combined proceeds were about $517,663. These were sales (not purchases).

Key Details

• Transaction dates and prices:
  • 2026-07-15: 31,904 shares sold, weighted avg $8.60; price range reported $8.48–$8.71 (F2).
  • 2026-07-16: 28,000 shares sold, weighted avg $8.69; price range reported $8.58–$8.87 (F3).
• Total shares sold: 59,904; total proceeds ≈ $517,663.
• Sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Herman on September 12, 2025 (F1), meaning the trades were made under a pre-established plan.
• The filing was made on July 16, 2026 covering trades on July 15–16; no late-filing flag was indicated in the provided information.
• The footnotes state the reported prices are weighted averages and that the filer will provide a per-price breakdown on request to the company, shareholders, or the SEC.
• Shares owned after the transactions were not included in the supplied filing details.

Context

• These were planned open-market sales under a 10b5-1 plan. Such sales are typically prearranged and do not by themselves indicate a change in an insider's view of the company. Retail investors often view purchases as more informative about insider confidence than routine or planned sales.