Gary Trainor - 09 Dec 2021 Form 4 Insider Report for Paymentus Holdings, Inc. (PAY)

Footnote F1

Represents the conversion of Class B Common Stock into Class A Common Stock held of record by TF Investment Holdings LLC.

Footnote F2

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.

Footnote F3

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by TF Investment Holdings LLC on September 15, 2021.

Footnote F4

The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $27.27 to $28.26, inclusive. The reporting person undertakes to provide to Paymentus Holdings, Inc., any security holder of Paymentus Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

Footnote F5

The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $29.59 to $30.585, inclusive. The reporting person undertakes to provide to Paymentus Holdings, Inc., any security holder of Paymentus Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

Footnote F6

The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $30.61 to $30.805, inclusive. The reporting person undertakes to provide to Paymentus Holdings, Inc., any security holder of Paymentus Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

Footnote F7

The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $27.61 to $28.58, inclusive. The reporting person undertakes to provide to Paymentus Holdings, Inc., any security holder of Paymentus Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

Footnote F8

The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $28.715 to $29.06, inclusive. The reporting person undertakes to provide to Paymentus Holdings, Inc., any security holder of Paymentus Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

Footnote F9

The shares subject to the option are fully vested and exercisable.

Footnote F10

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.