Gerasimos (Jerry) Portocalis - Apr 7, 2022 Form 4 Insider Report for Paymentus Holdings, Inc. (PAY)

Role: Chief Commercial Officer
Signature: /s/ Andrew A. Gerber, Attorney-in-Fact
Stock symbol: PAY
Transactions as of: Apr 7, 2022
Transactions value $: -$9,698
Form type: 4
Date filed: 4/8/2022, 06:07 PM
Previous filing: May 28, 2021
Next filing: May 19, 2022

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	+323K	+678.83%	$0.00	371K	Apr 7, 2022	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)	Options Exercise	-$9.7K	-323K	-100%	$0.03^*	0	Apr 7, 2022	Class B Common Stock	323K	$0.03	Direct	F2, F3
transaction	PAY	Class B Common Stock	Options Exercise	$0	+323K		$0.00	323K	Apr 7, 2022	Class A Common Stock	323K		Direct	F3
transaction	PAY	Class B Common Stock	Conversion of derivative security	$0	-323K	-100%	$0.00^*	0	Apr 7, 2022	Class A Common Stock	323K		Direct	F1, F3

* 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.
F2	The shares subject to the option are fully vested and exercisable.
F3	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.