Form 4: Paysign Inc. Director Daniel Spence Transfers Shares to Former Spouse Following Divorce
SEC Form 4 Filing
Director Daniel Spence reports a transfer of Paysign Inc. shares to his former spouse as part of a divorce settlement, resulting in a decrease in his beneficial ownership.
Summary
- On March 1, 2025, Daniel Spence, a director of Paysign, Inc., transferred 4,695,000 shares of common stock to his former spouse pursuant to a divorce decree.
- This transaction decreased Spence's directly held shares from 4,695,000 to 4,295,000.
- Spence no longer reports beneficial ownership of securities owned by his former spouse.
Sentiment
Score: 5
Explanation: The document is a neutral report of a share transfer due to a divorce settlement. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.
Industry Context
This is a standard SEC filing related to changes in beneficial ownership. It doesn't reflect on the company's operational performance but provides transparency regarding ownership changes among company insiders.
Stakeholder Impact
- The share transfer may have a minor impact on shareholders due to the change in ownership structure, but it's unlikely to significantly affect the company's operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of share transfer to former spouse. |
| 03/25/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Daniel Spence, Paysign Inc., Share Transfer, Divorce Decree, Director
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