Gerasimos (Jerry) Portocalis - May 25, 2021 Form 3 Insider Report for Paymentus Holdings, Inc. (PAY)

Role
Chief Commercial Officer
Signature
/s/ John Morrow, Attorney-in-Fact
Stock symbol
PAY
Transactions as of
May 25, 2021
Transactions value $
$0
Form type
3
Date filed
5/25/2021, 06:50 PM
Next filing
May 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PAY Common Stock 811K May 25, 2021 See Explanation of Responses F1, F2

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 Stock Option (Right to Buy) May 25, 2021 Common Stock 50K $8.66 Direct F1, F3
holding PAY Stock Option (Right to Buy) May 25, 2021 Common Stock 323K $0.03 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock, each share of Common Stock shall be reclassified into one share of Class B Common Stock. 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.
F2 Gerasimos (Jerry) Portocalis is the President of Faliron Investments LLC and has sole voting and investment power with respect to the shares held by Faliron Investments LLC, which directly holds 810,565 shares of Common Stock.
F3 One sixtieth (1/60th) of the shares subject to the award shall vest on September 30, 2019, and one sixtieth (1/60th) of the shares subject to the award shall vest on the last day of each month thereafter.
F4 The shares subject to the option are fully vested and exercisable.

Remarks:

Exhibit 24 - Power of Attorney