Form 4: Paysign Director Jeffrey B. Newman Reports Stock Vesting
SEC Form 4 Filing
Director Jeffrey B. Newman reports vesting of 20,000 shares of Paysign, Inc. common stock on May 31, 2024.
Summary
- On May 31, 2024, Paysign, Inc. Director Jeffrey B. Newman had 20,000 shares of common stock vest.
- The shares were granted on May 5, 2023, and vested on May 31, 2024.
- Following the transaction, Newman directly owns 30,000 shares of Paysign common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock vesting, neither positive nor negative in itself.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of company directors.
Stakeholder Impact
- The vesting of shares may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/05/2023 | Grant date of 20,000 shares of common stock to Jeffrey B. Newman. |
| 05/31/2024 | Vesting date of 20,000 shares of common stock. |
| 06/04/2024 | Date of Form 4 filing. |
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