Paysign (PAYS) CFO exercises 60,000 shares, withholds stock for tax

Rhea-AI Filing Summary

Paysign, Inc. Chief Financial Officer Jeffery Bradford Baker exercised a derivative award for 60,000 shares on February 28, 2026, receiving 60,000 shares of common stock at a stated price of $0.00 per share. A separate transaction shows 26,055 common shares withheld at $3.55 per share to cover tax obligations linked to the vesting of restricted stock units. After these transactions, Baker directly owned 386,218 shares of Paysign common stock. Footnotes indicate the restricted stock vested in five equal annual installments beginning February 28, 2021 and completing on February 28, 2026.

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^*

Baker Jeffery Bradford

(Last) (First) (Middle)

2615 ST. ROSE PARKWAY

(Street)

HENDERSON NV 89052

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026

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	02/28/2026		M		60,000(1)	A	$0.00	412,273	D
Common Stock	02/28/2026		F(2)		26,055	D	$3.55	386,218	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
Stock Grant	(1)	02/28/2026		M			60,000	(1)	02/28/2026	Common Stock	60,000	$0.00	0	D

Explanation of Responses:

1. One-fifth of the restricted stock shall vest annually on each anniversary of the February 28, 2021 vesting commencement date until fully vested on February 28, 2026.

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

	/s/ Jeffery B. Baker	03/02/2026
	** 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.

FAQ

What insider transactions did Paysign (PAYS) report for its CFO?

Paysign reported its CFO, Jeffery Bradford Baker, exercised a derivative award for 60,000 shares and had 26,055 shares withheld to cover tax obligations tied to restricted stock unit vesting, leaving him with 386,218 directly owned common shares afterward.

How many Paysign (PAYS) shares did the CFO receive and retain?

The CFO received 60,000 Paysign common shares through an exercise at a stated price of $0.00 per share. After 26,055 shares were withheld for taxes, his directly owned position totaled 386,218 common shares as of the reported date.

What does the tax-withholding transaction mean in the Paysign (PAYS) Form 4?

The Form 4 shows 26,055 Paysign common shares were disposed of at $3.55 per share to satisfy tax withholding obligations. This was not an open-market sale but an issuer-withheld share amount linked to the vesting of restricted stock units.

How did the Paysign (PAYS) CFO’s equity award vest over time?

Footnotes state one-fifth of the restricted stock vested annually on each anniversary of the February 28, 2021 commencement date. The award became fully vested on February 28, 2026, when the 60,000-share exercise and related tax withholding occurred.

What is the net effect of the reported Form 4 on Paysign (PAYS) CFO ownership?

Following the exercise of 60,000 shares and withholding of 26,055 shares for taxes, the CFO’s direct ownership in Paysign common stock stood at 386,218 shares, reflecting a routine shift from restricted stock units into directly held common shares.