Paysign (PAYS) 10% Owner Mark Newcomer Exercises 150,000 Shares

What Happened

• Mark Newcomer, a 10% owner of Paysign, converted/exercised 150,000 derivative shares into common stock on July 31, 2026 (reported at $0.00 per share). To satisfy tax withholding related to the vesting/conversion, 59,025 of the shares were withheld by the issuer at $8.96 per share, a value of $528,864. The conversion appears to be a vesting/settlement event rather than an open-market purchase or sale.

Key Details

• Transaction date: July 31, 2026; Form filed August 4, 2026 (timeliness flag not provided in the data).
• Acquired: 150,000 shares via exercise/conversion of a derivative instrument (reported at $0.00 per share).
• Withheld/Disposed for taxes: 59,025 shares at $8.96 each = $528,864 (code F — shares withheld to satisfy tax obligations).
• Footnote F1: Restricted stock vests one-fifth annually from July 31, 2022, fully vesting July 31, 2027.
• Footnote F2: Withheld shares were used to satisfy tax withholding on the vesting of restricted stock.
• Shares owned after the transaction: not specified in the provided filing details.

Context

• This was a conversion/vesting event with a cashless-style tax withholding (issuer withheld shares), not an open-market sale. Such withholding is routine when restricted stock vests and does not necessarily indicate a discretionary sale by the insider.
• As a 10% owner, Newcomer is a significant holder; these filings are reporting compliance and record changes in beneficial ownership rather than an investment recommendation.