Dushyant Sharma - May 28, 2021 Form 4 Insider Report for Paymentus Holdings, Inc. (PAY)

Role
Chairman, President and CEO, Director, 10%+ Owner
Signature
/s/ John Morrow, Attorney-in-Fact
Stock symbol
PAY
Transactions as of
May 28, 2021
Transactions value $
$0
Form type
4
Date filed
5/28/2021, 04:49 PM
Previous filing
May 25, 2021
Next filing
Feb 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAY Common Stock Other -17.5M -100% 0 May 28, 2021 See Explanation of Responses F1, F2
transaction PAY Common Stock Other -1.15M -100% 0 May 28, 2021 See Explanation of Responses F1, F3
transaction PAY Common Stock Other -157K -100% 0 May 28, 2021 See Explanation of Responses F1, F4
transaction PAY Common Stock Other -157K -100% 0 May 28, 2021 See Explanation of Responses F1, F5
transaction PAY Common Stock Other -157K -100% 0 May 28, 2021 See Explanation of Responses F1, F6
transaction PAY Common Stock Other -157K -100% 0 May 28, 2021 See Explanation of Responses F1, F7

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
transaction PAY Stock Option (Right to Buy) Other $0 -3.3M -100% $0.00* 0 May 28, 2021 Common Stock 3.3M $8.66 See Explanation of Responses F1, F2, F8
transaction PAY Stock Option (Right to Buy) Other $0 +3.3M $0.00 3.3M May 28, 2021 Class B Common Stock 3.3M $8.66 See Explanation of Responses F1, F2, F8
transaction PAY Class B Common Stock Other $0 +17.5M $0.00 17.5M May 28, 2021 Class A Common Stock 17.5M See Explanation of Responses F1, F2
transaction PAY Class B Common Stock Other $0 +1.15M $0.00 1.15M May 28, 2021 Class A Common Stock 1.15M See Explanation of Responses F1, F3
transaction PAY Class B Common Stock Other $0 +157K $0.00 157K May 28, 2021 Class A Common Stock 157K See Explanation of Responses F1, F4
transaction PAY Class B Common Stock Other $0 +157K $0.00 157K May 28, 2021 Class A Common Stock 157K See Explanation of Responses F1, F5
transaction PAY Class B Common Stock Other $0 +157K $0.00 157K May 28, 2021 Class A Common Stock 157K See Explanation of Responses F1, F6
transaction PAY Class B Common Stock Other $0 +157K $0.00 157K May 28, 2021 Class A Common Stock 157K See Explanation of Responses F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically reclassified into one share of Class B Common Stock immediately prior to the completion of the Issuer's initial public offering of Class A 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 and has no expiration date.
F2 Represents securities held directly by Ashigrace LLC. Dushyant Sharma is the sole manager of Ashigrace LLC and has sole voting and dispositive power with respect to the securities held by Ashigrace LLC.
F3 Represents shares held directly by The Ruma Sharma Family Trust dated December 3, 2018. Mr. Sharma serves as the trustee for The Ruma Sharma Family Trust dated December 3, 2018.
F4 Represents shares held directly by The Sharma Family Trust A dated March 30, 2021 ("The Sharma Family Trust A"). Mr. Sharma's spouse serves as the trustee for The Sharma Family Trust A. Mr. Sharma disclaims beneficial ownership of the shares held by The Sharma Family Trust A.
F5 Represents shares held directly by The Sharma Family Trust B dated March 30, 2021 ("The Sharma Family Trust B"). Mr. Sharma's spouse serves as the trustee for The Sharma Family Trust B. Mr. Sharma disclaims beneficial ownership of the shares held by The Sharma Family Trust B.
F6 Represents shares held directly by The Sharma Family Trust C dated March 30, 2021 ("The Sharma Family Trust C"). Mr. Sharma's spouse serves as the trustee for The Sharma Family Trust C. Mr. Sharma disclaims beneficial ownership of the shares held by The Sharma Family Trust C.
F7 Represents shares held directly by The Sharma Family Trust D dated March 30, 2021 ("The Sharma Family Trust D"). Mr. Sharma's spouse serves as the trustee for The Sharma Family Trust D. Mr. Sharma disclaims beneficial ownership of the shares held by The Sharma Family Trust D.
F8 One fifth (1/5th) of the shares subject to the award shall vest one year after January 25, 2019, 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.