Paysign (PAYS) Chief Innovation Officer Michael C. Ngo Sells Shares

What Happened
Michael C. Ngo, Chief Innovation Officer of Paysign, sold a total of 150,000 common shares in two open-market transactions. On 2026-09-08 he disposed of 70,075 shares at a reported weighted-average price of $12.85 for proceeds of $900,422 (prices in that block ranged from $12.7125 to $13.1701). On 2026-09-09 he disposed of 79,925 shares at a reported weighted-average price of $12.74 for proceeds of $1,018,245 (prices in that block ranged from $12.6400 to $12.8100). Total proceeds reported: $1,918,667. These were sales (not purchases or option exercises).

Key Details

• Transaction dates: 2026-09-08 (70,075 shares) and 2026-09-09 (79,925 shares).
• Reported weighted-average prices: $12.85 (Sept 8 block; range $12.7125–$13.1701) and $12.74 (Sept 9 block; range $12.6400–$12.8100).
• Total shares sold: 150,000; total proceeds: $1,918,667 (per filing).
• Footnotes: F1/F2 note weighted-average prices and provide ranges; the reporting person will supply detailed per-price breakdown on request. F3 states the reporting person is sole owner of Gamma Innovation LLC.
• Shares owned after transaction: not specified in the provided filing summary.
• Filing date: Form 4 filed 2026-09-10 — within typical Form 4 timing (filed the day after the Sept 9 sale and two days after the Sept 8 sale).

Context: These were open-market sales (S codes) — common insider activity that can reflect many reasons (tax planning, diversification, LLC liquidity, etc.). The filing’s footnotes allow the SEC, the company, or shareholders to request a full breakdown of individual trade prices within the reported ranges.