Akkr Strategic Capital Lp - Nov 26, 2024 Form 3 Insider Report for Paymentus Holdings, Inc. (PAY)

Role
10%+ Owner
Signature
AKKR Strategic Capital LP, /s/ Thomas C. Barnds, as its authorized signatory
Stock symbol
PAY
Transactions as of
Nov 26, 2024
Transactions value $
$0
Form type
3
Date filed
12/4/2024, 09:27 PM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding PAY Class B Common Stock Nov 26, 2024 Class A Common Stock 271K AKKR Strategic Capital LP F1, F2
holding PAY Class B Common Stock Nov 26, 2024 Class A Common Stock 60.5K AKKR SC GPI HoldCo LP F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Class B Common Stock is convertible at any time, at the holder's election and automatically in connection with certain transfers and upon certain other events, into an equal number of shares of Class A Common Stock and has no expiration date.
F2 Accel-KKR Holdings GP, LLC , or Topco GP, has voting and investment power over the shares of Common Stock of the Issuer owned by (i) AKKR Strategic Capital LP, or SC, and (ii) AKKR SC GPI HoldCo LP, or SC GPI. AKKR Strategic Capital GP, or SC GP, is the sole general partner of SC. AKKR Management Company, LLC, or UGP, is the sole general partner of SC GP and SC GPI. Topco GP, is the sole managing member of UGP. Decision making of Topco GP is controlled by Mr. Robert Palumbo and Mr. Thomas Barnds. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of such Reporting Person's pecuniary interest therein. Mr. Palumbo and Mr. Barnds have separately filed Form 4s reporting their interests.

Remarks:

The Reporting Persons received Common Stock on November 26, 2024 in an in-kind pro rata distribution for no consideration. The Reporting Persons may be deemed to be members of the "group" consisting of Topco GP and certain of its affiliated investment funds. These entities have previously filed Form 4s reporting their interests.