Payoneer (PAYO) Form 4: CEO Tax Withholding of 69,125 Shares Reported

Rhea-AI Filing Summary

John Caplan, who serves as Chief Executive Officer and a Director of Payoneer Global Inc. (ticker: PAYO), reported a non‑derivative transaction on 08/25/2025. The filing shows 69,125 shares were disposed (Code F) at a reported price of $6.78 per share; the filing explains these shares were withheld solely to cover tax obligations arising from the settlement of vested restricted stock units and did not represent an open‑market sale. After the transaction, Caplan beneficially owned 4,928,288 shares (direct). The Form 4 was signed by an attorney‑in‑fact on 08/26/2025.

Insights

Corporate Governance Expert

TL;DR: Routine tax‑withholding disposal by CEO; disclosure aligns with Section 16 reporting requirements.

The reported Code F transaction indicates shares were withheld to satisfy tax liabilities from vested restricted stock units rather than sold in the open market. For governance and insider‑trading monitoring, this is a routine administrative action that reduces the insider's share count but does not signal voluntary selling pressure. The filing includes the resulting direct beneficial ownership figure of 4,928,288 shares, which preserves transparency about insider holdings.

Securities Analyst

TL;DR: Non‑market disposal of 69,125 shares at $6.78 for tax withholding; minimal investor impact indicated.

Code F clarifies the nature of the disposal as tax withholding on vested RSUs, not a disposition intended to realize economic gains. The transaction size (69,125 shares) should be assessed relative to total outstanding shares to judge market impact; the Form 4 does not provide outstanding share count. Based solely on the filing, this is a routine compensation‑related adjustment with no explicit material change to control or strategic direction.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Caplan John

(Last) (First) (Middle)

195 BROADWAY

27TH FLOOR

(Street)

NEW YORK NY 10007

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Payoneer Global Inc. [ PAYO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/25/2025		F		69,125(1)	D	$6.78	4,928,288	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares withheld solely to cover the Reporting Person's tax obligation arising from the settlement of vested restricted stock units and does not represent an open market sale.

	/s/ Anna Bochkareva, attorney-in-fact for John Caplan	08/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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