---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-007009"
form_type: "8-K"
ticker: "PAYS"
cik: "0001496443"
company_name: "Paysign, Inc."
filed_at: "2025-09-16T23:59:59+00:00"
generated_at: "2026-05-17T06:29:27.623272+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Paysign proposes settlement of four derivative actions; court hearing set for Nov 14, 2025

## Summary
- Settlement resolves four stockholder derivative actions alleging violations of Exchange Act and fiduciary duties.
- Company will implement corporate governance reforms; no admission of fault or wrongdoing.
- Final approval hearing scheduled for November 14, 2025 before Judge Boulware in Nevada federal court.
- Defendants' insurers to pay $607,500 for attorneys' fees and expenses, subject to court approval.
- Settlement requires dismissal of all actions with prejudice; releases all claims against named individuals.

## SEC filing metadata
- accession: 0001683168-25-007009
- form_type: 8-K
- ticker: PAYS
- cik: 0001496443
- company_name: Paysign, Inc.
- filed_at: 2025-09-16T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1496443/000168316825007009/0001683168-25-007009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1496443/000168316825007009/paysign_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-007009
- JSON: https://secwatch.observer/filing/0001683168-25-007009.json
- Plain text: https://secwatch.observer/filing/0001683168-25-007009.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.