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

Role
Director
Signature
/s/ John Morrow, Attorney-in-Fact
Issuer symbol
PAY
Transactions as of
28 May 2021
Net transactions value
+$999,999
Form type
4
Filing time
28 May 2021, 17:07:00 UTC
Previous filing
25 May 2021
Next filing
07 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAY Class A Common Stock Purchase $999,999 +47,619 $21.00 47,619 28 May 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 -26,195 -100% $0.000000* 0 28 May 2021 Common Stock 26,195 $9.55 Direct F2, F3
transaction PAY Stock Option (Right to Buy) Other $0 +26,195 $0.000000 26,195 28 May 2021 Class B Common Stock 26,195 $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.