Paysign Director Mina Bruce Sells 20,000 Shares

What Happened Mina Bruce A, a director of Paysign, Inc. (PAYS), disposed of 20,000 shares in two open-market sales in June 2026 for a combined proceeds of approximately $141,950. She sold 10,000 shares on 2026-06-01 at $7.10 ($71,000) and another 10,000 shares on 2026-06-11 at $7.09 ($70,950). Earlier, on 2026-05-08 she was granted 20,000 shares of common stock (award) with a $0.00 purchase price; those shares vest on 2027-05-08. Sales are open-market disposals (S) and the grant is reported as an award/acquisition (A).

Key Details

• Transactions:
  • 2026-05-08: Award (A) — 20,000 shares granted @ $0.00; vesting date 2027-05-08 (Footnote F1).
  • 2026-06-01: Sale (S) — 10,000 shares @ $7.10 = $71,000.
  • 2026-06-11: Sale (S) — 10,000 shares @ $7.09 = $70,950.
• Total proceeds from sales: ≈ $141,950.
• Shares owned after the transactions: not specified in the filing.
• Filing date: 2026-07-31. The Form 4 was filed more than two business days after the reported transactions, so it appears to be a late filing (may reduce the timeliness of this disclosure).
• Transaction codes: A = Award/Grant, S = Open-market sale.

Context The May 8 award is a grant of restricted/common stock that vests one year later (2027-05-08) and carries a $0 purchase price; vesting means the shares will become fully owned on that future date if conditions are met. The June sales were open-market disposals of already-held shares (the grant had not yet vested), which are often routine (liquidity/diversification) but do not by themselves indicate management sentiment about the company. No 10b5-1 plan, tax-withholding, or other special notes were disclosed in the filing.