PAYOW Form 4: Tsafi Goldman Withholds Shares to Cover Taxes

Rhea-AI Filing Summary

Form 4 filed for Payoneer Global Inc. (PAYOW) reports an internal disposition by Tsafi Goldman, the company's Chief Legal & Governance Officer. On 08/25/2025 Ms. Goldman had 6,913 shares of common stock withheld at a price of $7.01 per share to cover tax obligations arising from the settlement of vested restricted stock units; this withholding was not an open-market sale. After the withholding she beneficially owns 757,351 shares directly. The filing was signed by Ben Ozeri as attorney-in-fact for Tsafi Goldman on 08/25/2025.

Positive

• Insider retained a substantial direct stake of 757,351 shares after the withholding
• Disposition was for tax withholding only and explicitly not an open-market sale

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Withholding of shares for taxes on vested RSUs is a routine internal transaction with limited governance implications.

The report documents a share withholding of 6,913 common shares at $7.01 to satisfy tax obligations tied to vested restricted stock units. Because the filing states the shares were withheld solely to cover taxes and not sold in the open market, there is no change to overall insider selling intent or a transfer to third parties. The insider retains a substantial direct ownership position of 757,351 shares, which preserves alignment with shareholders. This is a routine administrative disclosure rather than a strategic disposition.

Securities Analyst

TL;DR: Transaction is a non-market tax withholding; it does not signal material liquidity event or change in insider stake.

The Form 4 shows a 6,913-share disposition via code F at $7.01 per share on 08/25/2025, explained as withholding to cover taxes from vested RSUs. The filing clarifies it is not an open-market sale, and the reporting person still beneficially owns 757,351 shares directly. Given the descriptive explanation and retained stake size, this movement is administrative and unlikely to affect short-term market dynamics for PAYOW.

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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Goldman Tsafi

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal & Governance Ofcr.

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		6,913(1)	D	$7.01	757,351	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/ Ben Ozeri, attorney-in-fact for Tsafi Goldman	08/25/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed this Form 4 for Payoneer (PAYOW)?

The filing reports transactions by Tsafi Goldman, the company's Chief Legal & Governance Officer, signed by attorney-in-fact Ben Ozeri.

What transaction is reported on the Form 4 dated 08/25/2025 for PAYOW?

The report shows 6,913 shares withheld at a price of $7.01 to cover tax obligations from vested restricted stock units; this was not an open-market sale.

How many shares does the reporting person own after the transaction?

Following the withholding, the reporting person beneficially owns 757,351 shares directly.

Was the transaction an open-market sale?

No. The filing states the shares were withheld solely to cover tax obligations and do not represent an open-market sale.

What is the transaction code used in the Form 4?

The transaction is reported with code F, which corresponds to disposition due to tax withholding upon vesting of restricted stock units.