Gerasimos (Jerry) Portocalis - May 18, 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
May 18, 2022
Transactions value $
-$230,936
Form type
4
Date filed
5/19/2022, 04:06 PM
Previous filing
Apr 8, 2022
Next filing
Jun 24, 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 +26.7K +7.19% $0.00 398K May 18, 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 -$231K -26.7K -53.33% $8.66 23.3K May 18, 2022 Class B Common Stock 26.7K $8.66 Direct F2, F3
transaction PAY Class B Common Stock Options Exercise $0 +26.7K $0.00 26.7K May 18, 2022 Class A Common Stock 26.7K Direct F3
transaction PAY Class B Common Stock Conversion of derivative security $0 -26.7K -100% $0.00* 0 May 18, 2022 Class A Common Stock 26.7K 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.