PAY (PAY) holder TF Investment plans Rule 144 sale of 40,000 shares

Rhea-AI Filing Summary

TF Investment Holdings LLC plans to sell 40,000 shares of PAY common stock under Rule 144 through Morgan Stanley Smith Barney LLC, with an estimated aggregate sale price of $1,365,600. The shares relate to previously exercised stock options. The filing also lists a prior sale of 40,000 shares on 02/24/2022 and a 10b5-1 sale of 40,000 shares on 07/28/2026 for $1,324,776.

Key Figures

Planned shares to be sold: 40,000 shares Estimated sale value: $1,365,600 Past sale shares: 40,000 shares +2 more

5 metrics

Planned shares to be sold 40,000 shares Common stock covered by the current Rule 144 notice

Estimated sale value $1,365,600 Aggregate sale price for 40,000 shares in the current notice

Past sale shares 40,000 shares Common stock sold on 02/24/2022

10b5-1 sale amount $1,324,776.00 Value of 40,000-share 10b5-1 sale on 07/28/2026

10b5-1 sale shares 40,000 shares Shares sold under 10b5-1 plan on 07/28/2026

Key Terms

Rule 144, 10b5-1, Previously Exercised Stock Options, Executive Financial Services

4 terms

Rule 144 regulatory

"Form 144 notice of proposed sale of PAY common stock"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

10b5-1 regulatory

"10b5-1 Sales for TF INVESTMENT HOLDINGS LLC"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

Previously Exercised Stock Options financial

"Common | 02/24/2022 | Previously Exercised Stock Options"

Executive Financial Services financial

"Morgan Stanley Smith Barney LLC Executive Financial Services"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/29/2026 - 04:20 PM Accepted by SEC EDGAR 07/29/2026 - 04:19 PM Learn about SEC filing dates

FAQ

What does the Form 144 filing by PAY’s TF Investment Holdings LLC disclose?

The filing discloses that TF Investment Holdings LLC intends to sell 40,000 PAY common shares under Rule 144, with an estimated aggregate sale price of $1,365,600, through Morgan Stanley Smith Barney LLC Executive Financial Services.

How many PAY (PAY) shares are proposed to be sold and for what amount?

TF Investment Holdings LLC proposes to sell 40,000 shares of PAY common stock with an estimated aggregate sale price of $1,365,600. These shares are to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services.

What is the origin of the PAY (PAY) shares being sold by TF Investment Holdings LLC?

The 40,000 PAY shares covered by this Form 144 are described as originating from previously exercised stock options. The securities are listed as common stock, with the options having been exercised on 02/24/2022 for cash.

What past PAY (PAY) sales are disclosed in this Form 144?

The filing records a prior sale of 40,000 PAY shares on 02/24/2022 and a separate 10b5-1 sale of 40,000 shares on 07/28/2026 for $1,324,776, both associated with TF Investment Holdings LLC.

Is a 10b5-1 trading plan involved in the PAY (PAY) transactions?

Yes. The document specifically references 10b5-1 sales for TF Investment Holdings LLC, including a sale of 40,000 PAY shares on 07/28/2026 for $1,324,776, indicating use of a pre-arranged trading plan.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	40000	1365600.00	62936502	07/29/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/24/2022	Previously Exercised Stock Options	Issuer			40000	02/24/2022	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for TF INVESTMENT HOLDINGS LLC 11605 N. Community House Road, Suite 300 Charlotte NC 28277	Common	07/28/2026	40000	1324776.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)