Gerasimos (jerry) Portocalis - 18 May 2022 Form 4 Insider Report for Paymentus Holdings, Inc. (PAY)

Role: Chief Commercial Officer
Signature: /s/ Andrew A. Gerber, Attorney-in-Fact
Issuer symbol: PAY
Transactions as of: 18 May 2022
Net transactions value: -$230,936
Form type: 4
Filing time: 19 May 2022, 16:06:21 UTC
Previous filing: 08 Apr 2022
Next filing: 24 Jun 2022
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	Conversion of derivative security	$0	+26,667	+7.2%	$0.000000	397,536	18 May 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	$230,936	-26,667	-53%	$8.66	23,333	18 May 2022	Class B Common Stock	26,667	$8.66	Direct	F2, F3
transaction	PAY	Class B Common Stock	Options Exercise	$0	+26,667		$0.000000	26,667	18 May 2022	Class A Common Stock	26,667		Direct	F3
transaction	PAY	Class B Common Stock	Conversion of derivative security	$0	-26,667	-100%	$0.000000^*	0	18 May 2022	Class A Common Stock	26,667		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	One sixtieth (1/60th) of the shares subject to the award vested on September 30, 2019, and one sixtieth (1/60th) of the shares subject to the award vest on the last day of each month thereafter.
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.