Home / Auditor changes / Paysign, Inc.
Filed 2025-06-06 路 Form 8-K 路 Accession 0001683168-25-004264 micro
Price before filing: $4.71 (2025-06-05 close, split/dividend-adjusted)
Market cap at flag: $267.3M (2025-06-06) 路 Latest: $826.8M (2026-10-16)
| Window | PAYS | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +75.4% | +5.0% | +70.4% | 2025-07-07 |
| 90 days | +11.3% | +9.8% | +1.5% | 2025-09-04 |
| 180 days | +11.7% | +16.0% | -4.3% | 2025-12-03 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider sold $848K (3 sales); 1 insider bought $68K (1 purchase)
30 days after: 1 insider sold $430K (3 sales); 1 insider bought $50K (1 purchase)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-05-14 | HENRY DANIEL R Director | Purchase | 19,800 | $3.42 | $68K | no | Form 4 |
| 2025-05-29 | Newcomer Mark CEO, Director, 10% owner | Sale | 168,000 | $4.51 | $758K | yes | Form 4 |
| 2025-06-02 | Newcomer Mark CEO, Director, 10% owner | Sale | 307 | $4.50 | $1K | yes | Form 4 |
| 2025-06-05 | Newcomer Mark CEO, Director, 10% owner | Sale | 19,693 | $4.51 | $89K | no | Form 4 |
| 2025-06-06: red flag filed | |||||||
| 2025-06-09 | Newcomer Mark CEO, Director, 10% owner | Sale | 46,500 | $5.00 | $233K | no | Form 4 |
| 2025-06-10 | Newcomer Mark CEO, Director, 10% owner | Sale | 31,500 | $5.00 | $158K | yes | Form 4 |
| 2025-06-11 | Newcomer Mark CEO, Director, 10% owner | Sale | 8,000 | $5.00 | $40K | yes | Form 4 |
| 2025-06-16 | HENRY DANIEL R Director | Purchase | 10,084 | $4.96 | $50K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-03-08 to 2025-07-06. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"In connection with the notification of the merger and effective as of the date thereof, Moss Adams has resigned as our auditors and the Audit Committee of our Board of Directors approved the appointment of Baker Tilly, as the successor to Moss Adams, as our independent registered public accounting firm."
Quoted from the filing. Source
The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.
Type: routine (audit-firm merger)
Disagreements reported: no
Former auditor: Moss Adams LLP · New auditor: Baker Tilly US, LLP
Why this score: routine: audit firm merged/was acquired
Read the original filing on SEC.gov →
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