Paysign EVP reports stock grant, tax withholding

Paysign, Inc. executive Joan M. Herman reported routine equity compensation activity and related tax withholding.

Rhea-AI Filing Summary

Paysign, Inc. executive Joan M. Herman reported routine equity compensation activity and related tax withholding. On May 13, 2026, 6,171 shares of common stock were withheld at $5.83 per share to cover tax obligations from restricted stock vesting, leaving her with 858,745 directly held shares. Earlier, on November 13, 2025, she received a grant of 33,333 performance-based restricted shares at no cost, tied to an earnings target, scheduled to vest in thirds annually from 2026 through 2028, contingent on continued service.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Herman Joan M

Role EVP, Operations

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	6,171	$5.83	$36K
Grant/Award	Common Stock	33,333	$0.00	$0.00

Holdings After Transaction: Common Stock — 858,745 shares (Direct)

Footnotes (2)

1. F1. Represents performance-based restricted stock granted on May 7, 2025, with the performance goal deemed satisfied on November 13, 2025 based upon the achievement of a specified earnings target. The restricted stock will vest and be delivered as to 1/3 of the shares on each of May 13, 2026, May 13, 2027, and May 13, 2028, subject to the reporting person's continued service to the issuer through and on the applicable vesting date.
2. F2. Represents shares of common stock withheld by the issuer to satisfy certain tax withholding obligations associated with the vesting of restricted stock.

Key Figures

Tax withholding shares: 6,171 shares Withholding price: $5.83 per share Restricted stock grant: 33,333 shares +2 more

5 metrics

Tax withholding shares 6,171 shares Withheld on May 13, 2026 to cover tax obligations

Withholding price $5.83 per share Price used for 6,171-share tax withholding disposition

Restricted stock grant 33,333 shares Performance-based restricted stock awarded with earnings target

Post-transaction holdings 858,745 shares Common stock held directly after May 13, 2026 transaction

Grant price $0.00 per share Equity grant received at no cash cost to the executive

Key Terms

performance-based restricted stock, earnings target, vest, tax withholding obligations, +1 more

5 terms

performance-based restricted stock financial

"Represents performance-based restricted stock granted on May 7, 2025, with the performance goal deemed satisfied..."

Shares granted to employees or executives that are held back and only become actual, tradable stock if the company meets predefined performance targets; until those goals are met the shares cannot be sold. Think of it like a bonus held in escrow that’s released only when specific results are achieved — investors watch these awards because they tie management pay to company outcomes, can dilute existing shareholders when released, and signal how confident or incentivized insiders are to meet growth or profitability goals.

earnings target financial

"performance goal deemed satisfied on November 13, 2025 based upon the achievement of a specified earnings target."

vest financial

"The restricted stock will vest and be delivered as to 1/3 of the shares on each of May 13, 2026..."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

tax withholding obligations financial

"shares of common stock withheld by the issuer to satisfy certain tax withholding obligations associated with the vesting..."

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Paysign (PAYS) report for Joan M. Herman?

Paysign EVP Joan M. Herman reported a restricted stock grant and tax withholding. She received 33,333 performance-based restricted shares and later had 6,171 shares withheld to cover taxes on vesting, with remaining holdings reported directly in common stock.

How many Paysign (PAYS) shares were withheld for Joan Herman’s taxes?

6,171 Paysign common shares were withheld for tax obligations. On May 13, 2026, the issuer retained these shares at $5.83 per share to satisfy withholding tied to the vesting of previously granted restricted stock.

What equity award did Joan Herman receive from Paysign (PAYS)?

Joan Herman received 33,333 performance-based restricted shares. Granted on May 7, 2025, the award’s performance goal was deemed satisfied on November 13, 2025, based on a specified earnings target set by Paysign.

How do Joan Herman’s Paysign (PAYS) restricted shares vest?

The restricted shares vest in three equal annual installments. One-third of the 33,333-share award is scheduled to vest and be delivered on each of May 13, 2026, May 13, 2027, and May 13, 2028, subject to continued service.

How many Paysign (PAYS) shares does Joan Herman hold after these transactions?

Joan Herman reported holding 858,745 Paysign common shares directly. This figure is reported as of the May 13, 2026 transaction date, after the 6,171-share tax withholding disposition associated with restricted stock vesting.

Was Joan Herman’s Paysign (PAYS) stock disposition an open-market sale?

No, the disposition was for tax withholding, not an open-market sale. The 6,171 shares were withheld by Paysign to cover tax liabilities from restricted stock vesting, a common administrative transaction rather than a discretionary share sale.

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

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Accepted by SEC EDGAR 06/18/2026 - 05:00 PM EDT Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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^*

Herman Joan M

(Last) (First) (Middle)

2615 ST. ROSE PARKWAY

(Street)

HENDERSON NEVADA 89052

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Paysign, Inc. [ PAYS ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Operations

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/13/2025

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

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

4. If Amendment, Date of Original Filed (Month/Day/Year)
05/14/2026

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	11/13/2025		A		33,333(1)	A	$0.00	864,916	D
Common Stock	05/13/2026		F(2)		6,171	D	$5.83	858,745	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. Represents performance-based restricted stock granted on May 7, 2025, with the performance goal deemed satisfied on November 13, 2025 based upon the achievement of a specified earnings target. The restricted stock will vest and be delivered as to 1/3 of the shares on each of May 13, 2026, May 13, 2027, and May 13, 2028, subject to the reporting person's continued service to the issuer through and on the applicable vesting date.

2. Represents shares of common stock withheld by the issuer to satisfy certain tax withholding obligations associated with the vesting of restricted stock.

	/s/ Joan Herman	06/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)