Paysign (PAYS) CPO Lanford Converts 64,000 Shares; 25,185 Withheld

What Happened

• Matthew Lanford, Chief Payments Officer and director of Paysign (PAYS), had 64,000 shares convert/vest on July 31, 2026 (reported as derivative exercise/conversion). Of those, 25,185 shares were withheld by the issuer to satisfy tax-withholding obligations, a withholding valued at about $225,658 (25,185 × $8.96). The net increase in his beneficially held shares from this vesting was 38,815 shares (64,000 − 25,185). The transactions were not open-market purchases or sales by Lanford—this was a routine vesting/conversion with shares withheld for taxes.

Key Details

• Transaction date: 2026-07-31
• Codes: M = exercise/conversion of derivative (64,000 shares); F = shares withheld to satisfy tax obligations (25,185 shares)
• Prices reported: exercise/conversion shown at $0.00 (typical for restricted stock vesting); withholding valued at $8.96 per share (total ≈ $225,658)
• Shares owned after transaction: not specified in the provided filing
• Footnotes: F1 — these are restricted shares that vest one-fifth annually from July 31, 2022 through July 31, 2027; F2 — the 25,185 shares were withheld by the issuer to cover tax withholding on the vesting
• Filing timeliness: filing (8/4/2026) appears to be within the standard Form 4 reporting window for a 7/31/2026 transaction

Context

• This was a vesting/conversion event (not a cash purchase or an open-market sale). The withholding of shares to meet tax obligations is routine and does not necessarily indicate a change in insider sentiment. For options/derivative conversions, the $0.00 exercise price and the F-code withholding are consistent with restricted stock vesting and tax withholding rather than a cashless market sale.