Form 4: Paysign CFO Acquires Shares, Withholds for Taxes

Paysign, Inc. CFO Jeffery Bradford Baker acquired 200,000 shares of common stock and had 44,541 shares withheld for tax obligations.

Summary

• Jeffery Bradford Baker, Chief Financial Officer of Paysign, Inc., reported a transaction on November 13, 2025, where 200,000 shares of common stock were acquired at no cost.
• An additional transaction on May 29, 2026, involved 44,541 shares of common stock being disposed of, with the proceeds used to satisfy tax withholding obligations related to restricted stock vesting.
• Following these transactions, Mr. Baker beneficially owns 541,677 shares of common stock.
• The acquisition of 200,000 shares on November 13, 2025, was for performance-based restricted stock granted on May 7, 2025, with performance goals met based on an earnings target.
• These restricted shares are set to vest in thirds on May 29, 2026, May 20, 2027, and May 30, 2028, contingent on continued service.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily detailing routine compensation and tax-related share transactions for an executive, with no immediate indication of significant positive or negative company performance.

Positives

• Acquisition of 200,000 shares of common stock by the CFO, indicating potential confidence or compensation tied to performance.
• Achievement of specified earnings targets, leading to the satisfaction of performance goals for restricted stock.
• Continued service of the CFO through vesting dates suggests ongoing commitment to the company.

Negatives

• Withholding of 44,541 shares to cover tax obligations, reducing the net shares received by the CFO.

Risks

• The vesting of restricted stock is subject to the reporting person's continued service, implying a risk of forfeiture if service is not maintained through the vesting dates.

Future Outlook

The restricted stock is scheduled to vest in installments on May 29, 2026, May 20, 2027, and May 30, 2028, provided the reporting person continues their service with the issuer.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and activities of company executives and directors. This filing details a common compensation structure involving performance-based restricted stock and the subsequent settlement of tax liabilities.

Stakeholder Impact

• Shareholders: Increased transparency into executive compensation and share ownership. The withholding of shares for taxes is a standard practice and does not directly impact the company's outstanding share count in the long term.

Next Steps

• Continued service by Jeffery Bradford Baker through May 20, 2027, and May 30, 2028, for the remaining tranches of restricted stock to vest.

Key Dates

Keywords

Paysign, PAYS, Form 4, SEC Filing, Insider Trading, Stock Acquisition, Restricted Stock, Vesting, Tax Withholding, Chief Financial Officer, Jeffery Bradford Baker