Paysign (PAYS) director converts 20,000-share grant, now holds 290,000
Rhea-AI Filing Summary
Paysign, Inc. director Dennis L. Triplett exercised a stock grant on August 4, 2026, converting 20,000 shares from a derivative “Stock Grant” into 20,000 shares of common stock at $0.0000 per share. The shares relate to a grant received August 4, 2025 that vested August 4, 2026. After this transaction, he directly holds 290,000 shares of Paysign common stock. These transactions were not marked as made pursuant to a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 20,000 shares
Net Buy
2 txns
Insider
Triplett Dennis L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Grant F1 | 20,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 20,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Grant — 0 shares (Direct);
Common Stock — 290,000 shares (Direct)
Footnotes (1)
- F1. On August 04, 2025, the reporting person received a grant of 20,000 shares of common stock vesting on August 04, 2026. As of the date of this filing, 20,000 shares of common stock have vested.
Key Figures
Shares converted from stock grant: 20,000.0000 shares
Exercise price: $0.0000 per share
Shares held after transaction: 290,000.0000 shares
+3 more
6 metrics
Shares converted from stock grant
20,000.0000 shares
Derivative Stock Grant converted to common stock on August 4, 2026
Exercise price
$0.0000 per share
Price per share reported for the 20,000-share conversion
Shares held after transaction
290,000.0000 shares
Direct Paysign common stock holdings for Dennis L. Triplett after August 4, 2026
Stock grant size
20,000.0000 shares
Grant of common stock received August 4, 2025 and vesting August 4, 2026
Vesting date
August 4, 2026
Vesting date for the 20,000-share grant referenced in the footnote
Exercise transactions reported
1 transaction
Number of derivative exercise/conversion events summarized in the Form 4
Key Terms
derivative security, Rule 10b5-1, vesting, stock grant
4 terms
derivative security financial
"transaction_code_description: 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.
Rule 10b5-1 financial
"transactions were not marked as made pursuant to a Rule 10b5-1 trading plan"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
vesting financial
"shares of common stock vesting on August 04, 2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
stock grant financial
"the reporting person received a grant of 20,000 shares of common stock"
A stock grant is an award of company shares given to an individual, often as part of compensation for employees or executives. It matters to investors because grants can change the number of shares outstanding (dilution) and signal how company leaders are being paid and motivated—think of it like receiving a slice of the company as part of your paycheck, which can affect ownership and future share supply.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Paysign (PAYS) director Dennis L. Triplett report?
Dennis L. Triplett reported exercising a 20,000-share stock grant on August 4, 2026, converting it into 20,000 shares of Paysign common stock at $0.0000 per share. Following the exercise, his direct Paysign common stock holdings totaled 290,000 shares.
Were the Paysign (PAYS) insider transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox was not affirmed, meaning these transactions were not reported as being executed under a pre-arranged Rule 10b5-1 trading plan, but instead appear as discretionary equity award-related activity.