Form 4: PaySign's Chief Legal Officer, Robert Strobo, Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Robert Strobo, Chief Legal Officer of PaySign, Inc., sold shares of common stock on August 5, 2024, to satisfy tax withholding obligations related to the vesting of restricted stock.
Summary
- On August 5, 2024, Robert Strobo, the Chief Legal Officer of PaySign, Inc., sold 29,690 shares of common stock.
- The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock.
- The shares were sold at a weighted average price of $4.5407, with individual transaction prices ranging from $4.1801 to $5.0401.
- Following the transaction, Strobo directly owns 209,811 shares of PaySign, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine stock sale to cover tax obligations, which is neither particularly positive nor negative.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock vests.
Stakeholder Impact
- The sale of shares by an officer could have a minor impact on shareholders, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 08/05/2024 | Date of the stock sale transaction. |
| 08/06/2024 | Date of signature on the Form 4 filing. |
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