PAYOW Form 4: Officer Tsafi Goldman reports tax‑related withholding of 27,651 shares

Rhea-AI Filing Summary

Payoneer Global Inc. (PAYO) insider reported share dispositions by Tsafi Goldman, the company's Chief Legal & Governance Officer and a director. The Form 4 shows two non‑derivative transactions on 08/14/2025 where a total of 27,651 common shares were disposed at prices of $6.81 and $6.69 per share. The report states these shares were withheld solely to cover tax obligations arising from settlement of vested restricted stock units and do not represent open‑market sales.

Following the transactions the reporting person beneficially owned 781,546 and 764,264 shares in the two reported lines respectively, reported as direct ownership. The filing is routine disclosure of tax‑related share withholding by an officer/director.

Positive

• Transparency maintained: Officer disclosed tax‑related share withholding on Form 4, ensuring regulatory compliance
• Significant remaining ownership: Reporting person continues to hold substantial direct positions (reported as 781,546 and 764,264 shares)

Negative

• Disposal recorded: 27,651 common shares were disposed (withheld) on 08/14/2025 at reported values of $6.81 and $6.69 per share

Insights

Corporate Governance Expert

TL;DR: Officer withheld shares to satisfy taxes on vested RSUs; routine insider tax withholding, not an active sale.

The filing documents two disposals totaling 27,651 common shares on 08/14/2025 by Tsafi Goldman, identified as Chief Legal & Governance Officer and a director. Prices reported are $6.81 and $6.69 per share. The explanatory note states the shares were withheld solely to cover tax obligations from vested restricted stock units, which is a common administrative action and typically neutral for signal interpretation since no open‑market selling occurred. Materiality is low absent additional context on the officer's total holdings or trading pattern.

Securities Analyst

TL;DR: Small, tax‑driven share withholding recorded; no new issuance or market sale implied.

The transactions are coded as dispositions reflecting share withholding rather than executed trades. Aggregate disposed shares equal 27,651, with per‑share prices recorded at $6.81 and $6.69, likely representing withholding valuation, not trade execution prices. Post‑transaction beneficial ownership is reported in the mid‑hundreds of thousands of shares across the two lines. For investors, this form provides transparency on insider equity changes but does not indicate liquidity pressure or confidence shift by the reporting person.

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)
08/14/2025

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	08/14/2025		F		10,369(1)	D	$6.81	781,546	D
Common Stock	08/14/2025		F		17,282(1)	D	$6.69	764,264	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	08/15/2025
	** 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

What did Tsafi Goldman report on the Form 4 for PAYOW?

The Form 4 reports two dispositions on 08/14/2025 totaling 27,651 common shares, recorded at $6.81 and $6.69 per share, with an explanatory note that shares were withheld to cover tax obligations from vested RSUs.

Were the shares sold on the open market according to the filing?

No. The filing states the shares were withheld solely to cover tax obligations and explicitly notes this does not represent an open‑market sale.

What is Tsafi Goldman's role at Payoneer (PAYOW)?

The filing identifies Tsafi Goldman as a Director and the company's Chief Legal & Governance Officer.

How many shares did the reporting person own after the transactions?

The Form 4 reports beneficial ownership of 781,546 and 764,264 shares in the two reported lines following the transactions.

What was the date of the transactions reported on Form 4?

Both reported transactions occurred on 08/14/2025.