Paysign EVP, operations Joan Herman sells $716,899 in shares

Joan M. Herman, Executive Vice President of Operations and Director at Paysign Inc., recently sold shares of the company's common stock amounting to $716,899. This sale took place in two transactions during mid-September. The shares were sold at a weighted average price of $11.7437 to $12.3819 per share. Currently, Paysign's stock is trading at $12.42, close to its 52-week high of $14.43.

This comes after a remarkable 286% increase over the past six months. However, InvestingPro analysis indicates the stock might be slightly overvalued at present levels. To offer more insight, InvestingPro provides 13 exclusive tips and Pro Research Reports on Paysign Inc. On September 15, 2026, Herman sold 21,004 shares at a weighted average price of $12.3819.

The following day, she sold an additional 38,900 shares at a weighted average price of $11.7437. Both transactions were executed under a Rule 10b5-1 trading plan initiated by Herman on September 12, 2025. Following these sales, she directly owns 609,421 shares of Paysign common stock. Meanwhile, Paysign Inc. reported stronger-than-expected earnings for the second quarter of 2026, earning $0.11 per share on revenue of $28.25 million.

This exceeded analysts' estimates of $0.06 per share and $26.35 million in sales. As a result, Paysign has raised its full-year earnings outlook, marking the second consecutive quarter of beating expectations. These positive developments unfold amidst Paysign's significant growth. Management expressed satisfaction with the company's performance, noting a consistent upward trend.

Investors and analysts are closely watching these developments. This report was AI-generated and reviewed by an editor. For more details, refer to the Terms and Conditions.