Paysign (PAYS) CFO logs 200,000-share performance award and tax withholding

Rhea-AI Filing Summary

Paysign, Inc.’s Chief Financial Officer Jeffery Bradford Baker reported equity compensation activity and related tax withholding in company stock. On November 13, 2025, he acquired 200,000 shares of common stock as a performance-based restricted stock award at $0.00 per share, following achievement of a specified earnings target. This award will vest in three equal installments on May 29, 2026, May 20, 2027, and May 30, 2028, subject to his continued service. On May 29, 2026, 44,541 shares of common stock were withheld by the issuer to cover tax obligations tied to the vesting of restricted stock, leaving him with 541,677 shares of common stock held directly after that transaction. The filing reflects routine compensation and tax-withholding events rather than open-market buying or selling.

Insights

Equity compensation analyst

Routine equity award and tax withholding; no open-market trading signal.

The CFO of Paysign, Inc. received 200,000 shares of performance-based restricted stock after an earnings target was achieved, with an effective acquisition date of November 13, 2025. The shares vest in three equal tranches through May 30, 2028, contingent on continued service.

On May 29, 2026, the company withheld 44,541 shares at a value of $7.27 per share to satisfy tax obligations on vesting. After this tax-withholding disposition, the CFO directly held 541,677 shares, indicating a substantial remaining stake. These transactions are compensation- and tax-driven, not open-market buys or sells, so they carry limited informational content about the insider’s view of the stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Baker Jeffery Bradford

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	44,541	$7.27	$324K
Grant/Award	Common Stock	200,000	$0.00	--

Holdings After Transaction: Common Stock — 541,677 shares (Direct, null)

Footnotes (1)

1. Represents performance-based restricted stock granted on May 7, 2025, with the performance goal deemed satisfied on November 13, 2025 based upon the achievement of a specified earnings target. The restricted stock will vest and be delivered as to 1/3 of the shares on each of May 29, 2026, May 20, 2027, and May 30, 2028, subject to the reporting person's continued service to the issuer through and on the applicable vesting date. Represents shares of common stock withheld by the issuer to satisfy certain tax withholding obligations associated with the vesting of restricted stock.

Key Figures

Performance-based restricted stock grant: 200,000 shares Grant price: $0.00 per share Tax withholding shares: 44,541 shares +2 more

5 metrics

Performance-based restricted stock grant 200,000 shares Award deemed satisfied on November 13, 2025

Grant price $0.00 per share Performance-based restricted stock acquisition

Tax withholding shares 44,541 shares Withheld on May 29, 2026 to cover tax obligations

Withholding reference price $7.27 per share Value used for tax-withholding disposition

Shares held after withholding 541,677 shares Common stock directly owned after May 29, 2026 transaction

Key Terms

performance-based restricted stock, restricted stock, tax withholding obligations, grant, award, or other acquisition, +1 more

5 terms

performance-based restricted stock financial

"Represents performance-based restricted stock granted on May 7, 2025, with the performance goal deemed satisfied..."

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.

restricted stock financial

"The restricted stock will vest and be delivered as to 1/3 of the shares..."

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

"Represents shares of common stock withheld by the issuer to satisfy certain tax withholding obligations..."

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 →

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^*

Baker Jeffery Bradford

(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 Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/13/2025

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	11/13/2025		A		200,000(1)	A	$0.00	586,218	D
Common Stock	05/29/2026		F(2)		44,541	D	$7.27	541,677	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. Represents performance-based restricted stock granted on May 7, 2025, with the performance goal deemed satisfied on November 13, 2025 based upon the achievement of a specified earnings target. The restricted stock will vest and be delivered as to 1/3 of the shares on each of May 29, 2026, May 20, 2027, and May 30, 2028, subject to the reporting person's continued service to the issuer through and on the applicable vesting date.

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

	/s/ Jeffery Bradford Baker	06/18/2026
	** 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)

FAQ

What insider transactions did Paysign (PAYS) disclose for its CFO?

Paysign’s CFO reported a performance-based restricted stock grant of 200,000 common shares and a separate tax-withholding disposition of 44,541 shares. Both events relate to equity compensation and vesting, rather than open-market purchases or sales of Paysign stock.

How many Paysign (PAYS) shares does the CFO hold after these transactions?

After the May 29, 2026 tax-withholding transaction, Paysign’s CFO directly holds 541,677 shares of common stock. This figure reflects shares remaining after 44,541 shares were withheld to cover tax obligations associated with vested restricted stock.

What are the vesting terms of the Paysign (PAYS) CFO’s 200,000-share award?

The CFO’s 200,000 performance-based restricted shares vest in three equal installments. One-third vests on May 29, 2026, another third on May 20, 2027, and the final third on May 30, 2028, subject to his continued service with Paysign each vesting date.

Why were 44,541 Paysign (PAYS) shares disposed of by the CFO?

The 44,541 Paysign shares were withheld by the company to satisfy tax withholding obligations when restricted stock vested. This F-code transaction is a tax-withholding disposition, not an open-market sale, and is a common mechanism for covering equity award tax liabilities.

What triggered the CFO’s performance-based restricted stock award at Paysign (PAYS)?

The performance-based restricted stock granted on May 7, 2025 had its performance goal deemed satisfied on November 13, 2025. Satisfaction was based on achieving a specified earnings target, which allowed the 200,000-share award to move forward to time-based vesting.