secwatch.observer — SEC 8-K summary
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Issuer:     Paysign, Inc. (PAYS)
CIK:        0001496443
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0001683168-23-001818
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paysign repurchases 200K shares from former director at ~$666K, 90% of VWAP
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1496443/000168316823001818/0001683168-23-001818-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1496443/000168316823001818/paysign_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-001818

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer