Form 4: Paysign CFO's Restricted Stock Vests

Paysign's Chief Financial Officer, Jeffery B. Baker, reported the vesting of 60,000 restricted stock units and the subsequent withholding of 26,055 shares for tax obligations.

Summary

• Jeffery B. Baker, Chief Financial Officer of Paysign, Inc. (PAYS), reported transactions related to his beneficial ownership.
• On February 28, 2026, 60,000 shares of common stock vested from a restricted stock grant at a price of $0.00 per share.
• This vesting event represents the final tranche of a restricted stock grant that commenced vesting annually on February 28, 2021.
• Concurrently, 26,055 shares of common stock were disposed of by the issuer at a price of $3.55 per share to satisfy tax withholding obligations associated with the vesting.
• Following these transactions, Mr. Baker directly beneficially owns 386,218 shares of Paysign common stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting the scheduled vesting of executive compensation and an increase in the CFO's direct ownership, albeit with a portion withheld for taxes.

Positives

• The vesting of 60,000 restricted stock units at a $0.00 exercise price represents a significant increase in direct beneficial ownership for the CFO, reflecting earned compensation.
• The full vesting of the restricted stock grant on February 28, 2026, indicates the completion of a long-term incentive plan for the CFO.

Negatives

• 26,055 shares of common stock were withheld by the issuer at a price of $3.55 per share to cover tax liabilities, reducing the net shares received by the CFO.

Future Outlook

The filing details the final vesting tranche of a restricted stock grant, indicating the completion of a specific long-term incentive plan for the Chief Financial Officer.

Management Comments

• No direct quotes or paraphrased statements from management are included in this Form 4 filing.

Industry Context

StockSavvy.ai notes that routine insider transaction reports like Form 4, especially those related to scheduled equity compensation vesting, are common across publicly traded companies. They provide transparency into executive compensation structures and ownership stakes, which is a standard practice in the financial services and payment processing industry where Paysign operates.

Comparison to Industry Standards

• StockSavvy.ai observes that the structure of restricted stock unit grants with multi-year vesting schedules is a common compensation practice for executive officers in the technology and financial services sectors, aligning with typical industry benchmarks for long-term incentive plans.
• Specific comparable companies or projects are not detailed in this filing, but such equity compensation is standard across peers like Global Payments, Fiserv, or Square (Block).

Related Party Transactions

• The transactions involve the Chief Financial Officer and the issuer, which are considered related parties in the context of executive compensation and share ownership.

Stakeholder Impact

• Shareholders: The vesting increases the CFO's alignment with shareholder interests through increased direct ownership. The shares withheld for tax purposes represent a minor dilution from the company's perspective but are a standard part of equity compensation.
• Employees: This filing highlights the company's executive compensation structure, which can influence broader employee incentive programs.

Next Steps

• No specific future actions or milestones are mentioned beyond the completion of this vesting schedule.

Key Dates

Keywords

Paysign, PAYS, Form 4, Jeffery B. Baker, CFO, Restricted Stock Units, RSU, Stock Vesting, Insider Transaction, Beneficial Ownership, Tax Withholding