Gary Trainor - Dec 21, 2021 Form 4 Insider Report for Paymentus Holdings, Inc. (PAY)

Role
Director
Signature
/s/ Matt Parson, Attorney-in-Fact
Stock symbol
PAY
Transactions as of
Dec 21, 2021
Transactions value $
-$425,568
Form type
4
Date filed
12/23/2021, 04:38 PM
Previous filing
Dec 21, 2021
Next filing
Dec 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAY Class A Common Stock Conversion of derivative security $0 +2.32K $0.00 2.32K Dec 21, 2021 See Explanation of Responses F1, F2
transaction PAY Class A Common Stock Sale -$63.4K -2.32K -100% $27.36 0 Dec 21, 2021 See Explanation of Responses F2, F3, F4
transaction PAY Class A Common Stock Conversion of derivative security $0 +4.97K $0.00 4.97K Dec 21, 2021 See Explanation of Responses F1, F2
transaction PAY Class A Common Stock Sale -$142K -4.97K -100% $28.57 0 Dec 21, 2021 See Explanation of Responses F2, F3, F5
transaction PAY Class A Common Stock Conversion of derivative security $0 +67 $0.00 67 Dec 21, 2021 See Explanation of Responses F1, F2
transaction PAY Class A Common Stock Sale -$1.95K -67 -100% $29.04 0 Dec 21, 2021 See Explanation of Responses F2, F3, F6
transaction PAY Class A Common Stock Conversion of derivative security $0 +1.65K $0.00 1.65K Dec 22, 2021 See Explanation of Responses F1, F2
transaction PAY Class A Common Stock Sale -$47.8K -1.65K -100% $29.04 0 Dec 22, 2021 See Explanation of Responses F2, F3, F7
transaction PAY Class A Common Stock Conversion of derivative security $0 +5.7K $0.00 5.7K Dec 22, 2021 See Explanation of Responses F1, F2
transaction PAY Class A Common Stock Sale -$171K -5.7K -100% $29.90 0 Dec 22, 2021 See Explanation of Responses F2, F3, F8

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) Options Exercise $0 -7.35K -0.54% $0.00 1.35M Dec 21, 2021 Class B Common Stock 7.35K $0.03 See Explanation of Responses F2, F9, F10
transaction PAY Class B Common Stock Options Exercise $0 +7.35K $0.00 7.35K Dec 21, 2021 Class A Common Stock 7.35K See Explanation of Responses F2, F10
transaction PAY Class B Common Stock Conversion of derivative security $0 -7.35K -100% $0.00* 0 Dec 21, 2021 Class A Common Stock 7.35K See Explanation of Responses F2, F10
transaction PAY Stock Option (Right to Buy) Options Exercise $0 -7.35K -0.54% $0.00 1.35M Dec 22, 2021 Class B Common Stock 7.35K $0.03 See Explanation of Responses F2, F9, F10
transaction PAY Class B Common Stock Options Exercise $0 +7.35K $0.00 7.35K Dec 22, 2021 Class A Common Stock 7.35K See Explanation of Responses F2, F10
transaction PAY Class B Common Stock Conversion of derivative security $0 -7.35K -100% $0.00* 0 Dec 22, 2021 Class A Common Stock 7.35K See Explanation of Responses F2, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion of Class B Common Stock into Class A Common Stock held of record by TF Investment Holdings LLC.
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.
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.
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 $27.01 to $27.82, 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.
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 $28.03 to $28.96, 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.
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 $29.04 to $29.045, 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.
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 $28.50 to $29.47, 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.
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 $29.625 to $30.07, 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.
F9 The shares subject to the option are fully vested and exercisable.
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.