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

What Happened
Mark Newcomer, a reported 10% owner of Paysign, Inc. (PAYS), sold 150,000 common shares on August 6, 2026. The filing reports a weighted average sale price of $11.88 per share for total proceeds of $1,781,355. The transaction is reported as a sale (code S), i.e., a disposition of shares rather than a purchase.

Key Details

• Transaction date: 2026-08-06; Form 4 filed: 2026-08-07 (filed the next day).
• Transaction type: Sale (open market or private sale, code S).
• Shares sold: 150,000; weighted average price: $11.88; total proceeds: $1,781,355.
• Price range: shares were sold in multiple trades at prices between $11.2444 and $12.4641 (footnote F2). The filer will provide a per-price breakdown on request.
• Shares owned after the transaction: not specified in the provided filing.
• Notable footnote: sale was effected pursuant to a Rule 10b5-1 trading plan adopted September 12, 2025 (footnote F1), indicating the trades were pre-planned.

Context
As a 10% owner, Newcomer is a significant shareholder (not necessarily an executive). Sales executed under a Rule 10b5-1 plan are typically pre-scheduled and do not necessarily indicate a change in the insider’s view of the company. Purchases tend to be more informative about insider sentiment; this filing documents a planned disposition.