{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-001818","form_type":"8-K","ticker":"PAYS","cik":"0001496443","company_name":"Paysign, Inc.","filed_at":"2023-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.254525+00:00","generated_at":"2026-06-17T12:40:01.238391+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Paysign repurchases 200K shares from former director at ~$666K, 90% of VWAP","bullets":["Repurchased 200,000 shares from former director Daniel Spence at 90% of 10-day VWAP; total price $666,018.","Agreement includes a right of first refusal on any future transfers by Spence.","Spence granted irrevocable proxy to CEO, General Counsel, and CFO to vote his remaining shares.","One-year standstill provision prohibits Spence from acquiring additional company shares.","Company paid using available cash; shares retired or held as treasury."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-001818","json":"https://secwatch.observer/filing/0001683168-23-001818.json","markdown":"https://secwatch.observer/filing/0001683168-23-001818.md","text":"https://secwatch.observer/filing/0001683168-23-001818.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1496443/000168316823001818/0001683168-23-001818-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1496443/000168316823001818/paysign_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T12:40:01.238391+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"07fd2ff1f59442d4fedd01e9d13fc3306af3b473","claim":"Paysign, Inc. entered into Stock Repurchase Agreement with Daniel H. Spence valued at $666,018.00 for 200,000 shares of common stock (effective 2023-03-23).","evidence_excerpt":"On March 23, 2023, we entered into a stock repurchase agreement (the “Stock Repurchase Agreement”) with Daniel H. Spence, a former director of our company, pursuant to which we repurchased 200,000 shares of common stock held by Mr. Spence (the “Repurchase”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1496443/000168316823001818/0001683168-23-001818-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Daniel H. Spence"},{"label":"Value","value":"$666,018.00 for 200,000 shares of common stock"},{"label":"Effective","value":"2023-03-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}