Paysign (PAYS) Director Jeffrey B. Newman Exercises 20,000 Shares

What Happened

• Jeffrey B. Newman, a director of Paysign, converted/exercised derivative awards on August 4, 2026. The Form 4 reports an acquisition of 20,000 shares at $0.00 and a simultaneous disposition of 20,000 shares at $0.00. The filing lists no cash value for these transactions.
• A related footnote states Newman received a grant of 20,000 shares on August 4, 2025 that vested on August 4, 2026; as of this filing those 20,000 shares have vested.

Key Details

• Transaction date: 2026-08-04; Filing date: 2026-08-06.
• Transaction codes: M = exercise/conversion of derivative; both acquisition and disposition reported at $0.00 per share.
• Shares owned after transaction: not specified in the provided summary of the filing.
• Footnote: F1 confirms a 20,000-share grant on 2026-08-04 (grant dated 2025-08-04, vested 2026-08-04).
• No 10b5-1 plan, tax-withholding code, or explicit sale-for-cash details are shown in the provided data.

Context

• Code M indicates the conversion/exercise of a derivative award (e.g., vested restricted stock units or similar). A $0.00 price is consistent with conversion of a vested award rather than a cash purchase.
• The filing shows both acquisition and disposition of the same number of shares on the same date; the Form 4 does not explain the reason (e.g., withholding, transfer, or sale), so no inference about investment intent should be drawn.
• This type of transaction is common when equity awards vest and are converted into common stock; it is not the same signal as an open-market purchase or a cash sale.