Avi Zeevi - 08 May 2024 Form 4/A Insider Report for Payoneer Global Inc. (PAYO)

Role
Director
Signature
/s/ Kajal Shah-Sakaria, attorney-in-fact for Avi Zeevi
Issuer symbol
PAYO
Transactions as of
08 May 2024
Transactions value $
-$1,431,410
Form type
4/A
Filing time
08 Aug 2024, 18:57:07 UTC
Date Of Original Report
10 May 2024
Previous filing
09 Apr 2024
Next filing
13 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYO Common Stock Sale -$497,405 -84,266 -15% $5.9 493,278 08 May 2024 Direct F1
transaction PAYO Common Stock Sale -$934,005 -150,000 -33% $6.23 302,337 07 Aug 2024 Direct 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 This line item is being amended solely to correct that on May 10, 2024, the Reporting Person filed a Form 4 which inadvertently reported that 84,226 shares of the issuer's common stock were sold at $5.9028 per share on May 8, 2024, due to an administrative error. As noted above, 84,266 shares of the issuer's common stock were actually sold at $5.9028 per share on May 8, 2024. The number of securities reported in Column 5 reflects the Reporting Person's direct beneficial ownership immediately following the corrected transaction. These shares of issuer's common stock were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 14, 2023.
F2 The transaction reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 14, 2023.