Paysign (PAYS) Director Mina Bruce Converts 20,000 Shares

What Happened

• Mina Bruce, a director of Paysign, reported the conversion/exercise of a derivative that resulted in the acquisition of 20,000 shares of Paysign common stock on August 4, 2026. The reported acquisition price was $0.00 per share (total $0). The filing also shows a corresponding derivative disposition of 20,000 shares at $0.00.
• This transaction appears to reflect the vesting/conversion of a previously granted award rather than an open-market buy or sale; no cash sale of the shares is reported in this filing.

Key Details

• Transaction date: 2026-08-04; Form 4 filed: 2026-08-06 (timely within standard reporting window).
• Transaction code: M (exercise or conversion of derivative).
• Shares acquired: 20,000 @ $0.00; derivative disposed: 20,000 @ $0.00.
• Shares owned after the transaction: not specified in the filing.
• Footnote: The 20,000-share grant was originally made Aug 4, 2025 and vested on Aug 4, 2026; as of the filing, 20,000 shares have vested.

Context

• Code M indicates an exercise or conversion of a derivative (e.g., vested restricted stock units or option conversion). Here, the footnote confirms the reporting person received a 20,000-share award in 2025 that vested on Aug 4, 2026 and was converted to common stock.
• This is a compensation/vesting-related transaction, which is common for executives and directors and does not necessarily signal a buy or sell decision in the open market.