Andrew A. Gerber - Feb 3, 2022 Form 4 Insider Report for Paymentus Holdings, Inc. (PAY)

Role: General Counsel and Secretary
Signature: /s/ Andrew A Gerber
Stock symbol: PAY
Transactions as of: Feb 3, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/4/2022, 06:00 PM
Next filing: Feb 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PAY	Class A Common Stock	Award	$0	+71.8K		$0.00	71.8K	Feb 3, 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents an equal number of restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan (the "Plan"). Each RSU represents the right to receive a share of the Issuer's Class A common stock on the date it vests, subject to continued service of the reporting person through the applicable vesting date. One fifth of the RSUs will vest on February 3, 2023 and one twentieth of the RSUs will vest on a quarterly basis thereafter on each Quarterly Vesting Date beginning on May 15, 2023. Quarterly Vesting Dates with respect to any calendar year means February 15, May 15, August 15 and November 15. Any Quarterly Vesting Date that is scheduled to occur on a day that is not a trading day shall be deemed to occur on the next trading day.

Content

Represents an equal number of restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan (the "Plan"). Each RSU represents the right to receive a share of the Issuer's Class A common stock on the date it vests, subject to continued service of the reporting person through the applicable vesting date. One fifth of the RSUs will vest on February 3, 2023 and one twentieth of the RSUs will vest on a quarterly basis thereafter on each Quarterly Vesting Date beginning on May 15, 2023. Quarterly Vesting Dates with respect to any calendar year means February 15, May 15, August 15 and November 15. Any Quarterly Vesting Date that is scheduled to occur on a day that is not a trading day shall be deemed to occur on the next trading day.