PAYS Form 4: CFO Jeffery Baker Receives 100,000 Restricted Shares Vesting 2026–2028

Rhea-AI Filing Summary

Paysign, Inc. reported a Form 4 showing that Jeffery Bradford Baker, the company's Chief Financial Officer and a director, was granted 100,000 shares of restricted common stock on 05/07/2025 at a reported price of $0.000. Following the grant, Baker beneficially owns 352,273 shares. The restricted shares vest in three equal installments: one-third on May 29, 2026, one-third on May 20, 2027, and one-third on May 30, 2028, subject to continued service. The Form 4 is signed by Baker on 09/26/2025.

Positive

• Grant disclosed transparently: The Form 4 includes grant date, amount, vesting schedule, and signature.
• Alignment with service: Shares vest over three years, linking compensation to continued service of the CFO.
• Insider ownership reported: Reporting person beneficially owns 352,273 shares after the transaction.

Negative

• Potential dilution not quantified: The filing does not provide total shares outstanding, so dilution impact cannot be assessed from this document alone.
• No performance conditions disclosed: Vesting is solely service-based; there are no disclosed performance-based milestones in this filing.

Insights

Financial Analyst

TL;DR: CFO received 100,000 restricted shares vesting over three years, increasing reported beneficial ownership to 352,273 shares.

The disclosed grant of 100,000 restricted common shares to the CFO is a compensation event that increases insider stake to 352,273 shares. The vesting schedule—three equal tranches across 2026–2028—ties equity to future service. The zero reported price likely reflects a service-based grant rather than an open-market purchase. This filing does not disclose company-wide share count, market capitalization, or immediate cash impact, so the absolute dilution and percentage ownership change cannot be calculated from this form alone.

Corporate Governance Expert

TL;DR: The restricted stock award follows typical service-based vesting and was properly disclosed on Form 4 with vesting dates and signature.

The Form 4 provides the required disclosure for an insider equity grant: reporter identity, role as CFO and director, grant date, amount, vesting schedule, and signature. Vesting conditioned on continued service is standard. The filing does not state any performance conditions, change-in-control provisions, or grant approval details, so governance implications are limited to the disclosed service-based vesting.

Insider Trade Summary

Net Buyer: 100,000 shares

Net Buy 1 txn

Insider Baker Jeffery Bradford

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	100,000	$0.00	$0.00

Holdings After Transaction: Common Stock — 352,273 shares (Direct)

Footnotes (1)

1. F1. Represents shares of restricted stock that will vest 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.

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 09/26/2025 - 08:05 PM Learn about SEC filing dates

FAQ

What transaction did Paysign (PAYS) disclose on this Form 4?

The Form 4 reports a grant of 100,000 restricted common shares to Jeffery Bradford Baker on 05/07/2025.

Who is the reporting person and what is their role at Paysign?

The reporting person is Jeffery Bradford Baker, who is listed as a Director and the company's Chief Financial Officer.

How do the restricted shares vest according to the filing?

The shares vest in three equal tranches: May 29, 2026, May 20, 2027, and May 30, 2028, subject to continued service.

How many shares does the reporting person beneficially own after the reported transaction?

Following the reported transaction, the filing states beneficial ownership of 352,273 shares.

When was the Form 4 signed by the reporting person?

The Form 4 was signed by Jeffery Bradford Baker on 09/26/2025.

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).

1. Name and Address of Reporting Person^*

Baker Jeffery Bradford

(Last) (First) (Middle)

2615 ST. ROSE PARKWAY

(Street)

HENDERSON NV 89052

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	05/07/2025		A		100,000(1)	A	$0.000	352,273	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 shares of restricted stock that will vest 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.

	/s/ Jeffery Bradford Baker	09/26/2025
	** 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.