MarketPeel
Insider Trading Intelligence
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JH

Joan M. Herman

PAYS
EVP, OPERATIONS · PAYSIGN, INC. · CIK 0001717123
FILING MIX · LIFETIME31%/69%
BUYS
9
SELLS
20
TOTAL VALUE
$2.82M
COMPANIES
1
ACTIVE SINCE
Mar 2020
HOLDINGS NOW
707,009
AVG SELL PX
$5.84
TRADE KIND
SHOWING 29 / 29
Trades · vs SPY
Loading price series…
Performance · forward returns vs SPY
9 backtested trades · 8 horizons · 7 pending
Forward-return performance of every backtestable P/S trade by Joan M. Herman, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.
HORIZONTRADESWIN RATEINSIDER RETURNSPY RETURNMEAN EXCESSMEDIAN EXCESST-STAT
7d9+33.33%+2.70%+0.24%+2.46%+1.76%—
14d9+33.33%+0.33%-0.06%+0.39%+6.17%—
30d9+22.22%+7.92%+0.52%+7.63%+15.79%—
60d9+44.44%+0.24%+1.05%-0.81%+8.07%—
90d9(1 pending)+62.50%-12.99%+0.46%-13.45%-11.18%—
180d9(1 pending)+50.00%+16.47%+6.40%+10.07%+20.32%—
1y9(2 pending)+0.00%+102.55%+12.92%+89.64%+112.48%—
2y9(3 pending)+33.33%+189.23%+28.94%+160.29%+243.13%—
How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.
Holdings over time
PAYS · 707,009 shares · as of Jun 26, 2026
0216,229432,458648,687864,916202120222023202420252026SHARES HELD
Trading cadence · quarterly flow
BUY ● SELL ●
2020
2020
2020
2020
2021
2021
2021
2021
2022
2022
2022
2022
2023
2023
2023
2023
2024
2024
2024
2024
2025
2025
2025
2025
2026
2026
FLOW · 9 buys / 20 sellsCOVERAGE · 26 quarters
Form 4 filings · all activity
COMPANYTYPESHARESPRICEVALUEHELD AFTERTRADE DATEFILEDDETAILS
PAYS
PAYSIGN, INC.
SALE10b5-1
10b5-1 plan
100,000$8.01$801.1K707,009Jun 26, 2026Jun 30, 2026 ↗View →
PAYS
PAYSIGN, INC.
SALE10b5-1
10b5-1 plan
29,202$8.00$233.7K807,009Jun 1, 2026Jun 3, 2026 ↗View →
PAYS
PAYSIGN, INC.
SALE10b5-1
10b5-1 plan
22,534$7.01$158.0K813,989May 26, 2026May 29, 2026 ↗View →
PAYS
PAYSIGN, INC.
SALE10b5-1
10b5-1 plan
22,534$7.01$158.0K836,211May 26, 2026Jun 18, 2026 ↗View →
PAYS
PAYSIGN, INC.
PURCHASEGRANT
Stock grant
11,111——842,694May 13, 2026May 14, 2026 ↗View →
PAYS
PAYSIGN, INC.
SALE
EVP, Operations
6,171$5.83$36.0K836,523May 13, 2026May 14, 2026 ↗View →
PAYS
PAYSIGN, INC.
SALE
EVP, Operations
6,171$5.83$36.0K858,745May 13, 2026Jun 18, 2026 ↗View →
PAYS
PAYSIGN, INC.
SALE10b5-1
10b5-1 plan
6,667$7.01$46.7K831,583May 4, 2026May 6, 2026 ↗View →
PAYS
PAYSIGN, INC.
PURCHASEGRANT
Stock grant
33,333——864,916Nov 13, 2025Jun 18, 2026 ↗View →
PAYS
PAYSIGN, INC.
SALE
EVP, Operations
14,160$7.09$100.3K821,583Aug 4, 2025Aug 4, 2025 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
EVP, Operations
36,000——835,743Jul 31, 2025Aug 4, 2025 ↗View →
PAYS
PAYSIGN, INC.
SALE
EVP, Operations
36,000——72,000Jul 31, 2025Aug 4, 2025 ↗View →
PAYS
PAYSIGN, INC.
PURCHASEGRANT
Stock grant
16,667——838,250May 7, 2025Sep 26, 2025 ↗View →
PAYS
PAYSIGN, INC.
SALE
EVP, Operations
15,854$4.54$72.0K799,743Aug 5, 2024Aug 6, 2024 ↗View →
PAYS
PAYSIGN, INC.
SALE
EVP, Operations
36,000——108,000Jul 31, 2024Aug 2, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
EVP, Operations
36,000——815,597Jul 31, 2024Aug 2, 2024 ↗View →
PAYS
PAYSIGN, INC.
SALE
1,604$1.84$2.9K779,597Aug 4, 2023Aug 7, 2023 ↗View →
PAYS
PAYSIGN, INC.
SALE
3,920$1.77$6.9K781,201Aug 3, 2023Aug 7, 2023 ↗View →
PAYS
PAYSIGN, INC.
SALE
EVP, Operations
3,992$1.82$7.2K785,121Aug 2, 2023Aug 2, 2023 ↗View →
PAYS
PAYSIGN, INC.
SALE
EVP, Operations
4,555$1.88$8.6K789,113Aug 1, 2023Aug 2, 2023 ↗View →
PAYS
PAYSIGN, INC.
SALE
EVP, Operations
36,000——144,000Jul 31, 2023Aug 2, 2023 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
EVP, Operations
36,000——793,668Jul 31, 2023Aug 2, 2023 ↗View →
PAYS
PAYSIGN, INC.
SALE
EVP, Operations
2,943$2.56$7.5K757,668Sep 9, 2021Sep 13, 2021 ↗View →
PAYS
PAYSIGN, INC.
SALE
EVP, Operations
76,004$2.38$180.7K760,611Sep 8, 2021Sep 8, 2021 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
EVP, Operations
200,000$2.46$492.0K836,615Sep 3, 2021Sep 8, 2021 ↗View →
PAYS
PAYSIGN, INC.
SALE
Chief Operating Officer
83,193$5.72$475.7K636,615Sep 8, 2020Sep 8, 2020 ↗View →
PAYS
PAYSIGN, INC.
PURCHASEGRANT
Stock grant
200,000——719,808Sep 4, 2020Sep 8, 2020 ↗View →
PAYS
PAYSIGN, INC.
SALE
Chief Operating Officer
200,000——200,000Sep 4, 2020Sep 8, 2020 ↗View →
PAYS
PAYSIGN, INC.
PURCHASEGRANT
Stock grant
25,000——25,000Mar 23, 2020Nov 3, 2020 ↗View →
Other insiders · PAYS
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About this filer
CIK 0001717123
ROLE
EVP, Operations
PRIMARY
PAYS
COMPANIES
1
ACTIVE SINCE
Mar 2020
MARKETPEEL · /INSIDER/0001717123DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE
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