Form 4: Paysign CEO Mark Newcomer Sells Shares Under Pre-Arranged Trading Plan
Insider Transaction Report
Paysign, Inc. CEO and 10% owner Mark Newcomer reported the sale of 39,500 shares of common stock over two days in June 2025, executed under a Rule 10b5-1 trading plan.
Summary
- Mark Newcomer, CEO, Director, and 10% Owner of Paysign, Inc. (PAYS), reported transactions involving the sale of company common stock.
- On June 10, 2025, Mr. Newcomer sold 31,500 shares of common stock at a weighted average price of $5.0005 per share.
- On June 11, 2025, an additional 8,000 shares of common stock were sold at a weighted average price of $5.0001 per share.
- Both transactions were conducted pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Newcomer on June 12, 2024.
- Following these sales, Mr. Newcomer's direct beneficial ownership of Paysign common stock stands at 8,662,886 shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral to slightly negative. While insider selling by a CEO can be perceived negatively, the fact that it was conducted under a pre-arranged 10b5-1 plan mitigates concerns about opportunistic selling, suggesting it's part of a personal financial strategy rather than a reaction to adverse company-specific news.
Positives
- The sales were executed under a pre-arranged Rule 10b5-1 trading plan, indicating that the transactions were scheduled in advance and not based on immediate, non-public information, which can mitigate concerns about opportunistic insider selling.
Negatives
- The sale of 39,500 shares by the CEO and a significant owner, even under a 10b5-1 plan, could be interpreted by some investors as a signal of reduced conviction in the company's near-term stock price appreciation or as a personal diversification strategy.
Stakeholder Impact
- Shareholders may react to the news of the CEO selling shares, potentially leading to short-term stock price volatility, although the 10b5-1 plan may temper negative interpretations.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date the Rule 10b5-1 trading plan was adopted by Mark Newcomer. |
| 06/10/2025 | Date of the first reported transaction: sale of 31,500 shares of common stock. |
| 06/11/2025 | Date of the second reported transaction: sale of 8,000 shares of common stock. |
| 06/12/2025 | Date the Form 4 was signed by Mark Newcomer. |
Keywords
Paysign, PAYS, Form 4, insider trading, stock sale, Mark Newcomer, CEO, beneficial ownership, 10b5-1 plan
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