Paysign, Inc. (PAYS) officer reports 64,000-share vesting and tax withholding
Rhea-AI Filing Summary
Paysign, Inc. Chief Payments Officer Matthew Louis Lanford reported the vesting and exercise of 64,000 shares of restricted stock into common stock on July 31, 2026. Footnotes state this award vests in equal annual installments from July 31, 2022 through July 31, 2027. On the same date, 25,185 shares of common stock were withheld at $8.96 per share to satisfy associated tax withholding obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 38,815 shares
Net Buy
3 txns
Insider
Lanford Matthew Louis
Role
Chief Payments 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 | 25,185 | $8.96 | $226K |
Holdings After Transaction:
Stock Grant — 64,000 shares (Direct);
Common Stock — 273,424 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 shares vested: 64,000 shares
Shares withheld for taxes: 25,185 shares
Tax withholding price: $8.96 per share
+1 more
4 metrics
Restricted shares vested
64,000 shares
Shares of restricted stock vesting into common stock on July 31, 2026
Shares withheld for taxes
25,185 shares
Common shares withheld to satisfy tax obligations on July 31, 2026
Tax withholding price
$8.96 per share
Price used for shares withheld to satisfy tax obligations
Award vesting period
July 31, 2022 to July 31, 2027
Restricted stock vests in five equal annual installments
Key Terms
restricted stock, vesting commencement date, tax withholding obligations, derivative security
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.
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
"withheld by the issuer to satisfy certain tax withholding obligations"
derivative security financial
"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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Paysign (PAYS) report for Matthew Louis Lanford?
Paysign reported that Chief Payments Officer Matthew Louis Lanford had 64,000 restricted shares vest into common stock on July 31, 2026. This vesting relates to an award granted in 2022 that vests in equal annual installments through 2027, according to the footnotes.
What is the vesting schedule of the restricted stock reported by Paysign (PAYS)?
The restricted stock award vests in one-fifth installments each year on the anniversary of July 31, 2022. Footnotes explain that this continues until the award is fully vested on July 31, 2027, and the July 31, 2026 transaction reflects one of these scheduled vesting events.
Was the Paysign (PAYS) insider transaction a market sale or tax withholding?
The Form 4 characterizes the 25,185-share disposition as shares withheld by Paysign to meet tax withholding obligations. The code used is F, which represents payment of tax liability by delivering or withholding securities rather than an open-market sale.
What role does Matthew Louis Lanford hold at Paysign (PAYS) in this Form 4?
Matthew Louis Lanford is identified as Chief Payments Officer and a director of Paysign. The reported transactions involve his restricted stock award, including scheduled vesting into common shares and shares withheld to cover related tax obligations on July 31, 2026.