Paysign CEO Mark Newcomer Sells 50,000 Shares for $767,000
The sale was made under a prearranged Rule 10b5-1 plan and leaves Newcomer with about 9.1 million shares of the payments company.
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Paysign chief executive Mark Newcomer disposed of 50,000 shares of the payments company on October 9, 2026, at an average price of $15.34 apiece, generating $767,000, according to MarketBeat, which cited a filing with the Securities and Exchange Commission.
The trade was carried out under a prearranged Rule 10b5-1 plan and trimmed his holding by 0.55%. He directly held 9,113,002 shares afterward, worth roughly $139.8 million.
It was the third such transaction in recent months. Newcomer parted with 150,000 shares on August 6, 2026, at an average of $11.88, for $1.78 million, and with 50,000 shares on July 29, 2026, at an average of $9.38, for $469,000.
Paysign shares slipped $0.32 on October 14, 2026, to $15.16. The stock has traded between $3.08 and $15.62 over the past 52 weeks, and the company's market value stands at $855.93 million, with a price-to-earnings ratio of 59.54.
In results released on August 5, 2026, Paysign reported quarterly earnings of $0.11 per share, above the $0.06 consensus, on revenue of $28.25 million. The company provides prepaid card and payment services for healthcare, pharmaceutical and plasma collection programs.
This story was first reported by MarketBeat.
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