Form 4: Paysign CEO Mark Newcomer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Paysign CEO Mark Newcomer sold 69,593 shares of common stock on August 5, 2024, to satisfy tax withholding obligations related to the vesting of restricted stock.
Summary
- On August 5, 2024, Mark Newcomer, CEO of Paysign, Inc., sold 69,593 shares of Paysign's common stock.
- The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock.
- The shares were sold at a weighted average price of $4.5407, with individual transactions ranging from $4.1801 to $5.0401.
- Following the transaction, Newcomer directly owns 9,548,886 shares of Paysign.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax obligations) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares by company executives are a normal part of corporate governance. It is common for executives to sell shares to cover tax obligations.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to have a significant long-term effect.
Key Dates
| Date | Description |
|---|---|
| 08/05/2024 | Date of the stock sale transaction. |
| 08/06/2024 | Date of signature on the Form 4 filing. |
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