Paysign innovation chief sells 150K shares

Paysign’s Chief Innovation Officer reported indirect open-market sales totaling 150,000 shares via an LLC while retaining a sizable direct stake.

Available on EDGAR 09/10/2026 - 09:31 PM EDT Accepted by SEC EDGAR 09/10/2026 - 09:30 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Paysign, Inc. (PAYS) reported that Chief Innovation Officer Michael C. Ngo, through Gamma Innovation LLC, sold a total of 150,000 shares of common stock in open-market transactions on September 8–9, 2026, at weighted average prices of $12.8494 and $12.74 per share, respectively. These are indirect sales by Gamma Innovation LLC, which Ngo solely owns, while he continues to hold 461,336 Paysign shares directly as of September 8, 2026. No Rule 10b5-1 trading plan is reported for these transactions.

Insider Trade Summary

Net Seller: 150,000 shares

Net Sell 2 txns

Insider Ngo Michael C

Role Chief Innovation Officer

Sold 150,000 shs ($1.92M)

Share of Position Sold 6.0%

Type	Security	Shares	Price	Value
Sale	Common Stock F2, F3	79,925	$12.74	$1.02M
Sale	Common Stock F1, F3	70,075	$12.8494	$900K
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 2,350,000 shares (Indirect, By Gamma Innovation LLC); Common Stock — 461,336 shares (Direct)

Holdings Before and After: Common Stock, 2,500,000 to 2,350,000 shares (Indirect, By Gamma Innovation LLC)

Other Insiders: 3 other insiders reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (3)

1. F1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.7125 to $13.1701, inclusive. The reporting person undertakes to provide Paysign, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
2. F2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.6400 to $12.8100, inclusive. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
3. F3. The reporting person is the sole owner of Gamma Innovation LLC.

Key Figures

Shares sold September 8, 2026: 70,075 shares Weighted average sale price September 8, 2026: $12.8494 per share Shares sold September 9, 2026: 79,925 shares +3 more

6 metrics

Shares sold September 8, 2026 70,075 shares Indirect sale of Paysign common stock through Gamma Innovation LLC

Weighted average sale price September 8, 2026 $12.8494 per share Open-market sale of 70,075 shares indirectly via Gamma Innovation LLC

Shares sold September 9, 2026 79,925 shares Indirect sale of Paysign common stock through Gamma Innovation LLC

Weighted average sale price September 9, 2026 $12.74 per share Open-market sale of 79,925 shares indirectly via Gamma Innovation LLC

Total shares sold 150,000 shares Combined indirect open-market sales on September 8–9, 2026

Direct shares held after transaction 461,336 shares Direct Paysign holdings of Michael C. Ngo as of September 8, 2026

Key Terms

weighted average price, multiple transactions, indirect, sole owner

4 terms

weighted average price financial

"The price reported in column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

multiple transactions financial

"These shares were sold in multiple transactions at prices ranging from..."

indirect financial

"The transactions are reported as indirect ownership through Gamma Innovation LLC."

sole owner financial

"The reporting person is the sole owner of Gamma Innovation LLC."

FAQ

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

What insider transactions did Paysign (PAYS) disclose for Michael C. Ngo?

Paysign disclosed that Michael C. Ngo, its Chief Innovation Officer, indirectly sold 150,000 shares of common stock through Gamma Innovation LLC on September 8–9, 2026, in open-market transactions at weighted average prices near $12.85 and $12.74 per share.

How many Paysign (PAYS) shares did Michael C. Ngo sell on each date?

On September 8, 2026, 70,075 shares were sold at a weighted average price of $12.8494 per share. On September 9, 2026, 79,925 shares were sold at a weighted average price of $12.74 per share, all indirectly through Gamma Innovation LLC.

Were the recent Paysign (PAYS) insider sales made under a Rule 10b5-1 plan?

No. The filing indicates that the Rule 10b5-1 checkbox is not marked, and there is no footnote stating that the 150,000-share indirect sales by Gamma Innovation LLC were made pursuant to a Rule 10b5-1 trading plan.

Does Michael C. Ngo still hold Paysign (PAYS) shares after these sales?

Yes. The filing reports that Michael C. Ngo directly holds 461,336 shares of Paysign common stock as of September 8, 2026, separate from the indirectly held shares sold by Gamma Innovation LLC.

Who actually sold the Paysign (PAYS) shares reported for Michael C. Ngo?

The 150,000 shares were sold by Gamma Innovation LLC, an entity that Michael C. Ngo solely owns. The sales are reported as indirect ownership transactions, reflecting his relationship to Gamma Innovation LLC.

At what price range were the Paysign (PAYS) insider sales executed?

For the 70,075-share sale on September 8, 2026, trades occurred between $12.7125 and $13.1701. For the 79,925-share sale on September 9, 2026, trades occurred between $12.6400 and $12.8100, with reported prices shown as weighted averages.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Ngo Michael C

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2026

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)

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	09/08/2026		S		70,075	D	$12.8494(1)	2,429,925	I	By Gamma Innovation LLC(3)
Common Stock	09/09/2026		S		79,925	D	$12.74(2)	2,350,000	I	By Gamma Innovation LLC(3)
Common Stock								461,336	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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.7125 to $13.1701, inclusive. The reporting person undertakes to provide Paysign, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.6400 to $12.8100, inclusive. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. The reporting person is the sole owner of Gamma Innovation LLC.

	/s/ Michael Ngo	09/10/2026
	** 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)