Paysign (PAYS) 10% Owner Mark Newcomer Sells 50,000 Shares

What Happened
Mark Newcomer, a reported 10% owner of Paysign, Inc. (PAYS), sold 50,000 shares on July 29, 2026. The sale was reported at a weighted average price of $9.38 per share for proceeds of $468,985. The Form 4 lists the transaction type as an open market or private sale (Code S).

Key Details

• Transaction date: 2026-07-29; Form 4 filed: 2026-07-31 (appears timely — filed two days after the trade).
• Price(s): Weighted average $9.38; actual sale prices ranged from $9.3720 to $9.39 (footnote F2). The filer can provide a breakdown of shares sold at each price on request.
• Shares owned after transaction: Not disclosed in the provided excerpt — see the full Form 4 for post-transaction holdings.
• Notable footnote: The sale was effected under a Rule 10b5-1 trading plan adopted by Newcomer on September 12, 2025 (footnote F1), indicating the trades were preplanned.

Context
As a 10% owner (a large shareholder), Newcomer’s sale reflects a prearranged plan rather than an ad-hoc executive trade; 10b5-1 plans are commonly used to execute pre-scheduled disposals. Sales do not necessarily signal a change in company prospects; purchases are generally considered a stronger signal of insider conviction. For full details (post-sale holdings and per-price sale breakdown), consult the filed Form 4 or request the additional information referenced in footnote F2.