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  4. [Form 4/A] Paysign, Inc. Amended Insider Trading Activity

Paysign (PAYS) CLO granted 200,000 shares; 39,235 withheld for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

Paysign, Inc. Chief Legal Officer Robert Strobo reported routine equity compensation activity and related tax withholding. On November 13, 2025, he acquired 200,000 shares of common stock as a performance-based restricted stock award, granted May 7, 2025 after an earnings target was achieved. This restricted stock vests in three equal installments on May 27, 2026, May 24, 2027, and May 26, 2028, contingent on his continued service. On May 27, 2026, 39,235 shares of common stock were withheld by Paysign to cover tax obligations tied to the vesting of this restricted stock. After these transactions, Strobo directly owned 488,055 shares of Paysign common stock.

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Insider Strobo Robert
Role Chief Legal Officer
Type Security Shares Price Value
Tax Withholding Common Stock 39,235 $7.11 $279K
Grant/Award Common Stock 200,000 $0.00 --
Holdings After Transaction: Common Stock — 488,055 shares (Direct, null)
Footnotes (1)
  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 27, 2026, May 24, 2027, and May 26, 2028, subject to the reporting person's continued service to the issuer through and on the applicable vesting date. Represents shares of common stock withheld by the issuer to satisfy certain tax withholding obligations associated with the vesting of restricted stock.
Restricted stock grant 200,000 shares Performance-based restricted common stock awarded on November 13, 2025
Tax-withholding shares 39,235 shares Shares withheld on May 27, 2026 to satisfy tax obligations
Tax-withholding price $7.11 per share Value used for 39,235-share tax-withholding disposition
Shares after transactions 488,055 shares Paysign common shares directly owned after reported transactions
Award vesting schedule 3 equal installments Vesting on May 27, 2026, May 24, 2027, and May 26, 2028
performance-based restricted stock financial
"Represents performance-based restricted stock granted on May 7, 2025, with the performance goal deemed satisfied on November 13, 2025"
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
"based upon the achievement of a specified earnings target"
vesting financial
"The restricted stock will vest and be delivered as to 1/3 of the shares"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
tax withholding obligations financial
"withheld by the issuer to satisfy certain tax withholding obligations associated with the vesting of restricted stock"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Strobo Robert
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
11/13/2025		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)
05/29/2026
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)
CodeVAmount(A) or (D)Price
Common Stock11/13/2025A200,000(1)A$0.00527,290D
Common Stock05/27/2026F(2)39,235D$7.11488,055D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 27, 2026, May 24, 2027, and May 26, 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/ Robert Strobo06/18/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Paysign (PAYS) report for Robert Strobo?

Paysign reported that Chief Legal Officer Robert Strobo received 200,000 shares of performance-based restricted stock and had 39,235 shares withheld to cover taxes upon vesting, leaving him with 488,055 common shares held directly after these transactions.

Was Robert Strobo’s Paysign (PAYS) Form 4/A a stock sale in the market?

No, the Form 4/A shows no open-market sale. It reports a grant of 200,000 performance-based restricted shares and a 39,235-share tax-withholding disposition, where shares were withheld by Paysign to satisfy tax obligations tied to restricted stock vesting.

What are the vesting terms of Robert Strobo’s 200,000 Paysign (PAYS) restricted shares?

The 200,000 performance-based restricted shares vest in three equal installments. One-third vests on May 27, 2026, another third on May 24, 2027, and the final third on May 26, 2028, assuming Strobo remains in service through each vesting date.

Why were 39,235 Paysign (PAYS) shares disposed of in Robert Strobo’s Form 4/A?

The 39,235 shares were withheld by Paysign to satisfy tax withholding obligations related to the vesting of restricted stock. This tax-withholding disposition is recorded under transaction code F and does not represent an open-market sale by Strobo.

How many Paysign (PAYS) shares does Robert Strobo hold after these transactions?

Following the reported grant and tax-withholding disposition, Robert Strobo directly holds 488,055 shares of Paysign common stock. This figure reflects his ownership after the 39,235 shares were withheld to cover taxes on restricted stock vesting.