Paysign (PAYS) EVP Joan Herman Exercises 36,000 Shares, Withholds 13,780

What Happened
Joan M. Herman, Paysign's Executive VP of EFT Operations and a director, had restricted stock convert/vest on July 31, 2026, resulting in the acquisition of 36,000 shares at $0.00 (derivative exercise/vesting). To satisfy tax withholding associated with the vesting, 13,780 shares were withheld by the issuer at a value of $8.96 per share, totaling $123,469. The filing also records the conversion/settlement of the derivative instrument related to those shares.

Key Details

• Transaction date: July 31, 2026. Filing date: August 4, 2026 (filed within standard Form 4 timing).
• Actions reported: M (exercise/conversion of derivative) — 36,000 shares acquired at $0.00; F (tax withholding) — 13,780 shares withheld/disposed at $8.96, value $123,469.
• Shares owned after transaction: Not specified in this Form 4 filing.
• Footnotes: F1 — these shares vest in annual one-fifth increments from the July 31, 2022 start date through July 31, 2027; F2 — withheld shares represent issuer withholding to satisfy tax obligations.
• Transaction type: Vesting/settlement of restricted stock with share withholding for taxes (not an open-market sale or purchase).

Context
This was a routine vesting/settlement event (derivative-to-common conversion) rather than an open-market purchase or discretionary sale. The company withheld a portion of shares to cover tax liabilities (a common cashless/withholding method), not an indication of an immediate market sale. As always, vesting and withholding events are administrative and do not by themselves signal insider sentiment.