Scott Galit - 25 Mar 2024 Form 4 Insider Report for Payoneer Global Inc. (PAYO)

Role
Director
Signature
/s/ Kajal Shah-Sakaria, attorney-in-fact for Scott Galit
Issuer symbol
PAYO
Transactions as of
25 Mar 2024
Transactions value $
-$2,633,517
Form type
4
Filing time
27 Mar 2024, 19:48:40 UTC
Previous filing
13 Mar 2024
Next filing
03 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYO Common Stock Options Exercise $181K +292K +9.32% $0.62 3.42M 25 Mar 2024 Direct F1
transaction PAYO Common Stock Sale -$1.36M -292K -8.53% $4.66 3.13M 25 Mar 2024 Direct F1
transaction PAYO Common Stock Options Exercise $221K +356K +11.37% $0.62 3.48M 26 Mar 2024 Direct F1
transaction PAYO Common Stock Sale -$1.68M -356K -10.21% $4.71 3.13M 26 Mar 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PAYO Stock Options (Right to buy) Options Exercise $0 -292K -45.05% $0.00 356K 25 Mar 2024 Common Stock 292K $0.62 Direct F1, F2
transaction PAYO Stock Options (Right to buy) Options Exercise $0 -356K -100% $0.00* 0 26 Mar 2024 Common Stock 356K $0.62 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The transaction reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 15, 2023.
F2 This option is fully vested and exercisable.