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

Paysign CEO Mark Newcomer sold a total of 100,000 shares of common stock over two days under a pre-arranged 10b5-1 trading plan.

Summary

• Paysign CEO Mark Newcomer sold 41,000 shares of common stock on December 9, 2024, at a weighted average price of $3.3079 per share.
• On December 10, 2024, Mr. Newcomer sold an additional 28,000 shares at a weighted average price of $3.2208 per share.
• Also on December 10, 2024, he sold another 31,000 shares at a weighted average price of $3.1566 per share.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on June 12, 2024.
• The sales were conducted in multiple transactions within specified price ranges, and the weighted average prices are reported.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-arranged trading plan, with no indication of positive or negative sentiment. It is a neutral event.

Risks

• Executive share sales can sometimes be perceived negatively by the market, potentially impacting investor sentiment.

Industry Context

Executive share sales are a common occurrence, often part of pre-planned diversification strategies or compensation plans. The use of a 10b5-1 plan indicates that the sales were pre-arranged and not based on any specific non-public information.

Comparison to Industry Standards

• Many public company executives use 10b5-1 trading plans to manage their personal finances and avoid accusations of insider trading.
• The volume of shares sold is not unusual for a CEO of a company of Paysign's size.
• The price ranges of the sales are within normal market fluctuations.

Stakeholder Impact

• The share sales may have a minor impact on the stock price, but the pre-planned nature of the transactions should mitigate any significant negative reaction.

Key Dates

Keywords

Paysign, Mark Newcomer, share sale, 10b5-1 trading plan, executive stock, PAYS