Sanjay Kalra - Mar 7, 2024 Form 4 Insider Report for Paymentus Holdings, Inc. (PAY)

Signature
/s/ Andrew A. Gerber, Attorney-in-Fact
Stock symbol
PAY
Transactions as of
Mar 7, 2024
Transactions value $
-$1,227,292
Form type
4
Date filed
3/11/2024, 04:34 PM
Previous filing
Mar 6, 2023
Next filing
Aug 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAY Class A Common Stock Sale -$595K -32.3K -6.8% $18.41 443K Mar 7, 2024 Direct F1, F2
transaction PAY Class A Common Stock Sale -$632K -33.5K -7.58% $18.85 409K Mar 8, 2024 Direct F1, F3
transaction PAY Class A Common Stock Award $0 +104K +25.44% $0.00 513K Mar 8, 2024 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 represents shares sold by the reporting person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units under the issuer's 2021 Equity Incentive Plan.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.15 to $19.1187, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.42 to $19.13, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Represents an equal number of restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan. Each RSU represents the right to receive a share of the Issuer's Class A common stock on the date it vests, subject to continued service of the reporting person through the applicable vesting date. One fourth of the RSUs will vest on March 8, 2025, and one sixteenth of the RSUs will vest on a quarterly basis thereafter on each Quarterly Vesting Date beginning on August 15, 2025. Quarterly Vesting Dates with respect to any calendar year means February 15, May 15, August 15 and November 15.