Payoneer Global Inc
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 5, 2024
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Item 5. Other Information
Rule 10b5-1 and Non-Rule 10b5-1 Trading Arrangements
During the three months ended September 30, 2024, certain of our officers and directors took the following actions with respect to trading arrangements for the sale of shares of our common stock:
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| | Action | Date | Rule 10b5-1* | Non-Rule 10b5-1** | Number of Shares to be Sold | Expiration |
| Itai Perry, Chief Accounting Officer | Adoption | August 15, 2024 | X | | (1) | November 15, 2025 |
| Scott Galit, Director | Adoption | August 26, 2024 | X | | 484,111 | March 25, 2025 |
| Tsafi Goldman, Chief Legal & Regulatory Officer | Adoption | September 10, 2024 | X | | 413,465 | August 31, 2025 |
| * | Intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) |
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| ** | Not intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) |
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(1) Under this trading arrangement, up to 99,253 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 11,250 restricted stock units on various 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. Mr. Perry’s trading arrangement also covers and includes any common stock purchased by Mr. Perry under the Company’s Employee Stock Purchase Plan (“ESPP”), which purchase is expected to occur on November 15, 2024 for the current offering period. Employees enrolled in the ESPP for the current offering period were entitled to make their purchase elections in April 2024.
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