SEC Form 4 · accession 0001683168-26-007020
Paysign, Inc. · PAYS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael C Ngo
Officer — Chief Innovation Officer
Period of report
Mar 19, 2025
Accepted (ET)
Sep 8, 2026 · 7:27 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001496443
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 19, 2025 | A | 2,500,000 | $0.00 | A | 2,500,000 | I | By Gamma Innovation LLC |
| Common StockF3 | Mar 19, 2025 | A | 500,000 | $0.00 | A | 500,000 | D | |
| Common Stock | Mar 31, 2026 | F | 38,664 | $5.90 | D | 461,336 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of restricted stock issued as consideration in accordance with that certain Asset Purchase Agreement (the "Purchase Agreement"), dated March 19, 2025, by and among the Issuer, Gamma Innovation LLC, a Pennsylvania limited liability company ("Gamma"), Beta Software and Technologies LLC, a Delaware limited liability company, and the reporting person, pursuant to which the Issuer acquired substantially all of the assets of Gamma. The restricted stock vests as to 1/5 of the shares on each of March 31, 2025 and each anniversary of such date thereafter.
- F2The reporting person is the sole owner of Gamma Innovation LLC.
- F3Represents shares of restricted stock that will vest as to 1/5 of the shares on each of March 31, 2026 and each anniversary of such date thereafter, subject to the reporting person's continued service to the issuer through and on the applicable vesting date.
- F4Represents shares of common stock withheld by the issuer to satisfy certain tax withholding obligations associated with the vesting of restricted stock.