Paysign Director Daniel R. Henry Exercises 20,000 Shares

What Happened

• Daniel R. Henry, a director of Paysign, exercised/converted a derivative award on August 4, 2026. The Form 4 shows 20,000 shares acquired at a $0 exercise price (value $0) and a matching entry for 20,000 derivative shares disposed (code M). The underlying award was a grant of 20,000 shares made August 4, 2025 that vested August 4, 2026.
• This is an exercise/conversion of a previously granted award rather than an open-market purchase or sale; no cash strike was reported.

Key Details

• Transaction date: 2026-08-04 (filed on 2026-08-06 — within the Form 4 two-business-day window).
• Reported entries: 20,000 shares acquired @ $0.00; 20,000 derivative shares disposed @ $0.00 (transaction code M).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: F1 — Grant of 20,000 shares on Aug 4, 2025 vested on Aug 4, 2026; as of this filing, 20,000 shares have vested.
• No 10b5-1 plan, tax-withholding, or open-market sale noted in the provided details.

Context

• For retail investors: this appears to be a routine conversion/vesting of a prior equity award (zero strike), not a cash purchase or an open-market sale. The matching "disposed" derivative entry likely reflects conversion of the award instrument rather than liquidation of common stock, and the filing does not show proceeds from any sale.