John Morrow - May 25, 2021 Form 3 Insider Report for Paymentus Holdings, Inc. (PAY)

Role
General Counsel and Secretary
Signature
/s/ John Morrow
Stock symbol
PAY
Transactions as of
May 25, 2021
Transactions value $
$0
Form type
3
Date filed
5/25/2021, 06:54 PM
Next filing
May 28, 2021

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 116K $8.66 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One fifth (1/5th) of the shares subject to the award shall vest one year after April 16, 2020, or the Vesting Commencement Date, and one sixtieth (1/60th) of the shares subject to the award shall vest each month thereafter on the same day of the month as the Vesting Commencement Date.
F2 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.

Remarks:

Exhibit 24 - Power of Attorney