Payoneer Global Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
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Item 9B. Other Information
Rule 10b5-1 and Non-Rule 10b5-1 Trading Arrangements
During the three months ended December 31, 2023, certain of our officers and directors adopted trading arrangements for the sale of shares of our common stock as follows:
| | | | | | | |
|---|---|---|---|---|---|---|
| · · · Plans · · | ||||||
| | Action | Date | Rule 10b5-1* | Non-Rule 10b5-1** | Number of Shares to be Sold | Expiration |
| Avi Zeevi, Director | Adoption | November 14, 2023 | X | | 300,000 | August 31, 2024 |
| Scott Galit, Director | Adoption | November 15, 2023 | X | | (1) | June 30, 2024 |
| Assaf Ronen, Chief Platform Officer(2) | Adoption | November 16, 2023 | X | | 300,000 | February 10, 2025 |
*Intended to satisfy the affirmative defense conditions of Rule 10b5-1(c)
**Not intended to satisfy the affirmative defense conditions of Rule 10b5-1(c)
| (1) | Under this trading arrangement, up to 2,040,629 shares of common stock may be sold. In addition, common stock may be sold in amounts which represent the net amount of shares remaining following a withholding of shares to cover tax obligations upon the vesting of restricted stock units on certain dates during the plan. The number of net shares to be sold to accomplish this purpose cannot be reliably determined at this time, as it will depend upon the share price on the vest date. |
| (2) | Assaf Ronen departed as Chief Platform Officer of the Company on December 1, 2023. |
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