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

Role
Director
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, 04:52 PM
Previous filing
May 25, 2021
Next filing
Dec 1, 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
transaction PAY Stock Option (Right to Buy) Other $0 -1.48M -100% $0.00* 0 May 28, 2021 Common Stock 1.48M $0.03 See Explanation of Responses F1, F2, F3
transaction PAY Stock Option (Right to Buy) Other $0 +1.48M $0.00 1.48M May 28, 2021 Class B Common Stock 1.48M $0.03 See Explanation of Responses F1, F2, F3
* 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 The shares subject to the option are fully vested and exercisable.
F3 Represents shares held directly by TF Investment Holdings LLC. Gary Trainor is the sole manager of TF Investment Holdings LLC and has sole voting and dispositive power with respect to the shares held by TF Investment Holdings LLC.