William Ingram - 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 $: $999,999
Form type: 4
Date filed: 5/28/2021, 05:07 PM
Previous filing: May 25, 2021
Next filing: Jun 7, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PAY	Class A Common Stock	Purchase	$1M	+47.6K		$21.00	47.6K	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	-26.2K	-100%	$0.00^*	0	May 28, 2021	Common Stock	26.2K	$9.55	Direct	F2, F3
transaction	PAY	Stock Option (Right to Buy)	Other	$0	+26.2K		$0.00	26.2K	May 28, 2021	Class B Common Stock	26.2K	$9.55	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 third (1/3rd) of the shares subject to the award shall vest one year after February 25, 2021, or the Vesting Commencement Date, and one twelfth (1/12th) of the shares subject to the award shall vest quarterly thereafter on the same day of the month as the Vesting Commencement Date.