Paysign (PAYS) EVP Joan Herman sells 22,534 shares under 10b5-1 plan

Rhea-AI Filing Summary

Paysign, Inc. executive Joan M. Herman, EVP of Operations and a director, reported an open-market sale of 22,534 shares of common stock at a weighted average price of $7.0133 per share on May 26, 2026. These shares were sold in multiple trades at prices ranging from $7.0001 to $7.0249 per share. After this transaction, Herman directly holds 813,989 shares of Paysign common stock. The sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on September 12, 2025, indicating the trades were scheduled in advance.

Insights

Equity compensation and insider-trading analyst

Routine 10b5-1 sale; small versus remaining holdings.

The filing shows EVP and director Joan M. Herman executed an open-market sale of 22,534 shares of Paysign common stock at a weighted average price of $7.0133. The trades occurred across a narrow price range between $7.0001 and $7.0249.

Following the sale, Herman still directly owns 813,989 shares, indicating the disposition represents a relatively small portion of the reported stake. The transaction was made under a pre-arranged Rule 10b5-1 trading plan adopted on September 12, 2025, which generally signals planned, systematic selling rather than a reactive move.

There are no derivative positions listed in the derivativeSummary, so this filing reflects only common-stock activity, not an option exercise-and-sell pattern. Future Form 4 filings may show whether similar scheduled sales continue under the same trading plan.

Insider Trade Summary 10b5-1

Net Seller: 22,534 shares ($158,038)

Net Sell 1 txn

Insider Herman Joan M

Role EVP, Operations

Sold 22,534 shs ($158K)

Type	Security	Shares	Price	Value
Sale	Common Stock	22,534	$7.0133	$158K

Holdings After Transaction: Common Stock — 813,989 shares (Direct, null)

Footnotes (1)

1. Transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 12, 2025. 2.?The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.0001 to $7.0249, inclusive. The reporting person undertakes to provide to Paysign, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Key Figures

Shares sold: 22,534 shares Weighted average sale price: $7.0133 per share Post-transaction holdings: 813,989 shares +2 more

5 metrics

Shares sold 22,534 shares Open-market sale of common stock on May 26, 2026

Weighted average sale price $7.0133 per share Common stock sale on May 26, 2026

Post-transaction holdings 813,989 shares Direct ownership after reported sale

Sale price range $7.0001–$7.0249 per share Multiple transactions comprising reported sale

Plan adoption date September 12, 2025 Rule 10b5-1 trading plan used for this sale

Key Terms

Rule 10b5-1 trading plan, weighted average price, open-market sale, common stock

4 terms

Rule 10b5-1 trading plan regulatory

"Transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 12, 2025."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The price reported in column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

common stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Herman Joan M

(Last) (First) (Middle)

2615 ST. ROSE PARKWAY

(Street)

HENDERSON NEVADA 89052

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Paysign, Inc. [ PAYS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Operations

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/26/2026		S(1)		22,534	D	$7.0133(2)	813,989	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 12, 2025.

2. 2.?The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.0001 to $7.0249, inclusive. The reporting person undertakes to provide to Paysign, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

	/s/ Joan Herman	05/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Paysign (PAYS) executive Joan M. Herman report in this Form 4?

Joan M. Herman reported selling 22,534 shares of Paysign common stock in open-market transactions. The weighted average sale price was $7.0133 per share, with individual trades between $7.0001 and $7.0249. After the sale, she directly holds 813,989 Paysign shares.

At what price did Joan M. Herman sell Paysign (PAYS) shares?

The reported weighted average sale price was $7.0133 per share. The Form 4 notes that individual trades occurred in a range from $7.0001 to $7.0249 per share, and the reporting person offers to provide full trade details upon request.

How many Paysign (PAYS) shares does Joan M. Herman own after this transaction?

After the reported sale, Joan M. Herman directly owns 813,989 shares of Paysign common stock. This remaining position, disclosed in the Form 4, provides context for the relative size of the 22,534-share disposition.

Was the Paysign (PAYS) insider sale under a Rule 10b5-1 plan?

Yes. The Form 4 states the transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 12, 2025. Such plans typically schedule trades in advance according to preset instructions.

Who is the insider involved in this Paysign (PAYS) Form 4 filing?

The insider is Joan M. Herman, who serves as Executive Vice President, Operations, and a director of Paysign, Inc. Her role and positions are listed in the Form 4’s reporting person section, along with the details of the share sale.

Does this Paysign (PAYS) Form 4 include option or derivative exercises?

No. The reported transaction involves only common stock, coded as an open-market sale. The derivativeSummary section is empty in this filing, indicating no options, warrants, or other derivatives were exercised or converted in this reported activity.