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

Signature
/s/ John Morrow
Stock symbol
PAY
Transactions as of
May 28, 2021
Transactions value $
$749,994
Form type
4
Date filed
5/28/2021, 05:00 PM
Previous filing
May 25, 2021
Next filing
Aug 11, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAY Class A Common Stock Purchase $750K +35.7K $21.00 35.7K May 28, 2021 Direct F1

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 -116K -100% $0.00* 0 May 28, 2021 Common Stock 116K $8.66 Direct F2, F3
transaction PAY Stock Option (Right to Buy) Other $0 +116K $0.00 116K May 28, 2021 Class B Common Stock 116K $8.66 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares acquired pursuant to a directed share program in connection with the Issuer's initial public offering of Class A Common Stock.
F2 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.
F3 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.