Form 4: Paysign CEO Mark Newcomer Sells 1,500 Shares Under 10b5-1 Trading Plan

Paysign CEO Mark Newcomer sold 1,500 shares of common stock at $4.50 per share on September 13, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On September 13, 2024, Mark Newcomer, CEO of Paysign, Inc., sold 1,500 shares of the company's common stock.
• The sale was executed at a price of $4.50 per share.
• This transaction was conducted under a Rule 10b5-1 trading plan adopted on June 12, 2024.
• The 10b5-1 trading plan is set to expire on June 11, 2025, and allows for the purchase or sale of up to 1.2 million shares of common stock.
• Following the transaction, Newcomer directly owns 9,547,386 shares of Paysign.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The trading plan allows for the purchase or sale of up to 1.2 million shares of common stock until June 11, 2025.

Industry Context

Insider sales are a common occurrence, and the use of 10b5-1 trading plans allows corporate insiders to sell shares in a pre-planned manner to avoid accusations of trading on non-public information.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates