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Paysign (PAYS) CPO receives 22,222 share grant as restricted stock vests

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Paysign, Inc. Chief Payments Officer Matthew Louis Lanford reported routine equity compensation activity. On May 18, 2026, performance-based restricted stock vested based on defined earnings targets, resulting in a grant of 22,222 shares of common stock. To cover related tax obligations, 12,755 shares were withheld by the company at $5.865 per share. After these transactions, Lanford directly held 202,920 shares of Paysign common stock. These events reflect compensation vesting and tax withholding rather than open-market buying or selling.

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Insider Lanford Matthew Louis
Role Chief Payments Officer
Type Security Shares Price Value
Grant/Award Common Stock 22,222 $0.00 --
Tax Withholding Common Stock 12,755 $5.865 $75K
Holdings After Transaction: Common Stock — 202,920 shares (Direct, null)
Footnotes (1)
  1. Represents the vesting of performance-based restricted stock vested on May 18, 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.
Tax-withheld shares 12,755 shares Common stock withheld for tax obligations at $5.865 per share
Tax withholding price $5.865 per share Value used for 12,755 shares withheld for taxes on May 18, 2026
Restricted stock grant 22,222 shares Performance-based restricted stock vested and granted on May 18, 2026
Post-transaction holdings 202,920 shares Paysign common stock directly owned by Lanford after reported transactions
performance-based restricted stock financial
"Represents the vesting of performance-based restricted stock vested on May 18, 2026, based upon the achievement of specific defined earnings targets."
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
"Represents shares of common stock withheld by the issuer to satisfy certain tax withholding obligations associated with the vesting of restricted stock."
grant, award, or other acquisition financial
"Grant, award, or other acquisition"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Lanford Matthew Louis
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Payments Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/18/2026A22,222(1)A$0202,920D
Common Stock05/18/2026F(2)12,755D$5.865190,165D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents the vesting of performance-based restricted stock vested on May 18, 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/ Matthew Lanford05/20/2026
** Signature of Reporting PersonDate
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) report for Matthew Louis Lanford?

Paysign reported that Chief Payments Officer Matthew Louis Lanford had performance-based restricted stock vest, acquiring 22,222 common shares, while 12,755 shares were withheld to satisfy tax obligations. These are compensation and tax events, not open-market purchases or sales.

How many Paysign (PAYS) shares did Matthew Lanford receive from restricted stock vesting?

Matthew Lanford received 22,222 shares of Paysign common stock from performance-based restricted stock that vested after specific earnings targets were achieved. The grant was recorded at a price of $0.00 per share, reflecting an equity compensation award rather than a market transaction.

Why were 12,755 Paysign (PAYS) shares disposed of in Lanford’s Form 4?

The 12,755 Paysign shares shown as disposed were withheld by the company to cover tax withholding obligations tied to the vesting of restricted stock. This tax-withholding disposition is not an open-market sale and does not represent discretionary selling by the insider.

What is Matthew Lanford’s Paysign (PAYS) share ownership after these transactions?

Following the vesting and tax-withholding transactions, Matthew Lanford directly holds 202,920 shares of Paysign common stock. This post-transaction balance reflects both the new restricted stock shares received and those withheld by the company for associated tax obligations.

What does performance-based restricted stock mean in Paysign (PAYS) filings?

Performance-based restricted stock vests only when predefined performance goals, such as specific earnings targets, are achieved. In this case, Paysign reported that restricted stock vested on May 18, 2026, after meeting defined earnings metrics, resulting in additional shares for the executive.

Were Matthew Lanford’s Paysign (PAYS) transactions open-market buys or sells?

No. The Form 4 shows a grant of 22,222 shares as equity compensation and 12,755 shares withheld for taxes. These actions are internal company transactions related to vesting and tax obligations, not open-market buying or selling activity in Paysign stock.