Gerasimos (Jerry) Portocalis - May 28, 2021 Form 4 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 28, 2021
Transactions value $
$999,999
Form type
4
Date filed
5/28/2021, 04:55 PM
Previous filing
May 25, 2021
Next filing
Apr 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAY Common Stock Other -811K -100% 0 May 28, 2021 See Explanation of Responses F1, F2
transaction PAY Class A Common Stock Purchase $1M +47.6K $21.00 47.6K May 28, 2021 See Explanation of Responses F2, F3

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 -50K -100% $0.00* 0 May 28, 2021 Common Stock 50K $8.66 Direct F1, F4
transaction PAY Stock Option (Right to Buy) Other $0 +50K $0.00 50K May 28, 2021 Class B Common Stock 50K $8.66 Direct F1, F4
transaction PAY Stock Option (Right to Buy) Other $0 -323K -100% $0.00* 0 May 28, 2021 Common Stock 323K $0.03 Direct F1, F5
transaction PAY Stock Option (Right to Buy) Other $0 +323K $0.00 323K May 28, 2021 Class B Common Stock 323K $0.03 Direct F1, F5
transaction PAY Class B Common Stock Other $0 +811K $0.00 811K May 28, 2021 Class A Common Stock 811K See Explanation of Responses F1, F2
* 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 shares held directly by Faliron Investments LLC. 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.
F3 Represents shares acquired pursuant to a directed share program in connection with the Issuer's initial public offering of Class A Common Stock.
F4 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.
F5 The shares subject to the option are fully vested and exercisable.