Paysign (PAYS) CFO exercises stock grant; 28,506 shares withheld for taxes
Rhea-AI Filing Summary
Paysign, Inc. Chief Financial Officer Jeffery Bradford Baker exercised a stock grant covering 64,000 shares of common stock on July 31, 2026. The vesting comes from restricted stock that vests in equal annual installments through July 31, 2027, and 28,506 shares were withheld to satisfy related tax obligations at $8.96 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 35,494 shares
Net Buy
3 txns
Insider
Baker Jeffery Bradford
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Grant F1 | 64,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 64,000 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 28,506 | $8.96 | $255K |
Holdings After Transaction:
Stock Grant — 64,000 shares (Direct);
Common Stock — 577,171 shares (Direct)
Footnotes (2)
- F1. One-fifth of the restricted stock shall vest annually on each anniversary of the July 31, 2022 vesting commencement date until fully vested on July 31, 2027.
- 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
Stock grant exercised: 64,000 shares
Common stock acquired: 64,000 shares
Shares withheld for taxes: 28,506 shares
+2 more
5 metrics
Stock grant exercised
64,000 shares
Stock Grant derivative converted into common stock on July 31, 2026
Common stock acquired
64,000 shares
Common Stock reported as acquired at $0.0000 per share on July 31, 2026
Shares withheld for taxes
28,506 shares
Common stock withheld to satisfy tax obligations associated with restricted stock vesting
Tax withholding price
$8.96 per share
Per-share value applied to 28,506 shares withheld for tax obligations
Restricted stock vesting term
July 31, 2022 to July 31, 2027
One-fifth of the restricted stock vests annually until fully vested on July 31, 2027
Key Terms
restricted stock, vesting commencement date, tax withholding obligations
3 terms
restricted stock financial
"One-fifth of the restricted stock shall vest annually on each anniversary"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vesting commencement date financial
"annually on each anniversary of the July 31, 2022 vesting commencement date"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
tax withholding obligations financial
"shares of common stock withheld by the issuer to satisfy certain tax withholding obligations"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Paysign (PAYS) report for its CFO on July 31, 2026?
Paysign CFO Jeffery Bradford Baker exercised a stock grant for 64,000 shares on July 31, 2026. The grant converted into common stock, and 28,506 shares were then withheld by the company at $8.96 per share to cover associated tax obligations.
What is the vesting schedule of the Paysign (PAYS) CFO’s restricted stock?
The CFO’s restricted stock vests in five equal installments, with one-fifth vesting each year. Vesting occurs on each anniversary of the July 31, 2022 vesting commencement date, continuing until the award is fully vested on July 31, 2027.
Were the Paysign (PAYS) CFO’s July 31, 2026 transactions under a Rule 10b5-1 plan?
These transactions are not designated as being pursuant to a Rule 10b5-1 trading plan. The data show routine vesting and tax-withholding events related to restricted stock rather than trades executed under a pre-arranged trading program.
What types of securities were involved in the Paysign (PAYS) CFO’s transactions?
The activity involved a Stock Grant derivative security and Common Stock. A stock grant for 64,000 underlying shares was exercised or converted, resulting in 64,000 common shares, of which 28,506 common shares were disposed as tax withholding.