Paysign (PAYS) CEO records 150,000-share vesting, 59,025 withheld for tax
Rhea-AI Filing Summary
Paysign, Inc. CEO and 10% owner Mark Newcomer reported the vesting of restricted stock covering 150,000 shares on July 31, 2026, which converted into an equal number of common shares. In a related transaction, 59,025 shares were withheld by the issuer at $8.96 per share to satisfy tax withholding obligations. The restricted stock grant vests one-fifth each year from July 31, 2022 through July 31, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 90,975 shares
Net Buy
3 txns
Insider
Newcomer Mark
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Grant F1 | 150,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 150,000 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 59,025 | $8.96 | $529K |
Holdings After Transaction:
Stock Grant — 150,000 shares (Direct);
Common Stock — 9,313,002 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
Restricted stock vested: 150,000 shares
Shares withheld for taxes: 59,025 shares
Tax withholding price: $8.96 per share
+2 more
5 metrics
Restricted stock vested
150,000 shares
Shares that vested and converted into common stock on July 31, 2026
Shares withheld for taxes
59,025 shares
Shares of common stock withheld by the issuer to satisfy tax withholding obligations
Tax withholding price
$8.96 per share
Per-share value applied to shares withheld for tax obligations
Annual vesting rate
One-fifth per year
Restricted stock vests in five equal annual installments from July 31, 2022 to July 31, 2027
Final full vesting date
July 31, 2027
Date on which the restricted stock grant will be fully vested
Key Terms
restricted stock, tax withholding obligations, derivative security, vesting commencement date
4 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.
tax withholding obligations financial
"withheld by the issuer to satisfy certain tax withholding obligations"
derivative security financial
"transaction code description notes an exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Paysign (PAYS) CEO Mark Newcomer report in this Form 4?
Mark Newcomer reported 150,000 restricted shares vesting into common stock and a related withholding of 59,025 shares at $8.96 per share to cover tax obligations tied to this vesting event.
What is the vesting schedule of Mark Newcomer’s Paysign (PAYS) restricted stock grant?
The restricted stock grant vests in five equal installments: one-fifth of the shares vest on each anniversary of the July 31, 2022 vesting commencement date, continuing annually until fully vested on July 31, 2027.
Does Mark Newcomer’s Paysign (PAYS) Form 4 identify a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is not marked as affirming a plan, so the filing does not identify these reported vesting and withholding transactions as being executed under a Rule 10b5-1 trading plan.