Paysign (PAYS) CLO granted 66,667 performance shares; 39,235 withheld for taxes

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Paysign, Inc. Chief Legal Officer Robert Strobo reported compensation-related stock activity. On May 27, 2026, he received a grant of 66,667 shares of common stock at no cost, reflecting the vesting of performance-based restricted stock tied to specific earnings targets. On the same date, 39,235 shares of common stock were withheld by the company to cover tax obligations related to this vesting. Following these transactions, Strobo directly held 393,957 shares of Paysign common stock. The disposition was a tax-withholding mechanism rather than an open-market sale.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Strobo Robert

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	66,667	$0.00	--
Tax Withholding	Common Stock	39,235	$7.11	$279K

Holdings After Transaction: Common Stock — 393,957 shares (Direct, null)

Footnotes (1)

Represents the vesting of performance-based restricted stock vested on May 27, 2026, based upon the achievement of specific defined earnings targets. Represents shares of common stock withheld by the issuer to satisfy certain tax withholding obligations associated with the vesting of restricted stock.

Key Figures

Shares granted: 66,667 shares Shares withheld for taxes: 39,235 shares Holding after grant: 393,957 shares +1 more

4 metrics

Shares granted 66,667 shares Performance-based restricted stock vesting on May 27, 2026

Shares withheld for taxes 39,235 shares Common stock withheld to satisfy tax obligations on vesting

Holding after grant 393,957 shares Total Paysign common stock directly held after transactions

Tax withholding reference price $7.11 per share Price per share used for 39,235-share tax-withholding disposition

Key Terms

performance-based restricted stock, tax withholding obligations, grant, award, or other acquisition, payment of exercise price or tax liability by delivering securities

4 terms

performance-based restricted stock financial

"Represents the vesting of performance-based restricted stock vested on May 27, 2026"

Shares granted to employees or executives that are held back and only become actual, tradable stock if the company meets predefined performance targets; until those goals are met the shares cannot be sold. Think of it like a bonus held in escrow that’s released only when specific results are achieved — investors watch these awards because they tie management pay to company outcomes, can dilute existing shareholders when released, and signal how confident or incentivized insiders are to meet growth or profitability goals.

tax withholding obligations financial

"withheld by the issuer to satisfy certain tax withholding obligations associated with the vesting"

grant, award, or other acquisition financial

"transaction code description: Grant, award, or other acquisition"

payment of exercise price or tax liability by delivering securities financial

"transaction code description: Payment of exercise price or tax liability by delivering securities"

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Form 4 Insider Transactions: What Each Field Means →

05/29/2026 - 08:47 PM

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^*

Strobo Robert

(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 Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/27/2026		A		66,667⁽¹⁾	A	$0.00	393,957	D
Common Stock	05/27/2026		F⁽²⁾		39,235	D	$7.11	354,632	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents the vesting of performance-based restricted stock vested on May 27, 2026, based upon the achievement of specific defined earnings targets.

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

	/s/ Robert Strobo	05/29/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Paysign (PAYS) disclose for Robert Strobo?

Paysign Chief Legal Officer Robert Strobo reported a grant of 66,667 common shares and a related tax-withholding disposition of 39,235 shares on May 27, 2026. These transactions reflect performance-based restricted stock vesting and associated tax obligations rather than open-market trading.

How many Paysign (PAYS) shares does Robert Strobo hold after this Form 4?

After the reported transactions, Robert Strobo directly holds 393,957 shares of Paysign common stock. This amount reflects the vesting of performance-based restricted stock and the shares withheld by the issuer to satisfy tax obligations tied to that vesting event.

Was the Paysign (PAYS) Form 4 for Robert Strobo an open-market sale or purchase?

The Form 4 does not show any open-market sale or purchase. It records a grant of 66,667 shares and a disposition of 39,235 shares specifically to satisfy tax withholding obligations related to restricted stock vesting, rather than discretionary market trading.

What triggered the restricted stock vesting for Paysign (PAYS) executive Robert Strobo?

The vesting was triggered by achieving specific defined earnings targets. Footnotes state that performance-based restricted stock vested on May 27, 2026, once those earnings conditions were met, leading to both the share grant and related tax-withholding share disposition.

How many Paysign (PAYS) shares were withheld for taxes in Strobo’s Form 4?

A total of 39,235 Paysign common shares were withheld to cover tax obligations. The filing explains these shares were retained by the issuer to satisfy tax withholding arising from the vesting of performance-based restricted stock awarded to Robert Strobo.