Paysign CPO reports stock vesting and tax withholding

Paysign, Inc. Chief Payments Officer Matthew Louis Lanford reported routine equity compensation activity.

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 190,165 shares of Paysign common stock. These events reflect compensation vesting and tax withholding rather than open-market buying or selling.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Lanford Matthew Louis

Role Chief Payments Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	22,222	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	12,755	$5.865	$75K

Holdings After Transaction: Common Stock — 190,165 shares (Direct)

Footnotes (2)

1. F1. Represents the vesting of performance-based restricted stock vested on May 18, 2026, based upon the achievement of specific defined earnings targets.
2. 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

Tax-withheld shares: 12,755 shares Tax withholding price: $5.865 per share Restricted stock grant: 22,222 shares +1 more

4 metrics

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

Key Terms

performance-based restricted stock, tax withholding obligations, grant, award, or other acquisition, tax-withholding disposition

4 terms

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/20/2026 - 07:38 PM EDT Learn about SEC filing dates

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^*

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)

X	Director		10% Owner
X	Officer (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)

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	05/18/2026		A		22,222(1)	A	$0	202,920	D
Common Stock	05/18/2026		F(2)		12,755	D	$5.865	190,165	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 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 Lanford	05/20/2026
	** 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)