[144] Alphabet Inc. SEC Filing

Rhea-AI Filing Summary

Paymentus Holdings, Inc. (PAY) has filed a Form 4 disclosing that its Chairman, President & CEO, Dushyant Sharma, received 1,100,000 Class A RSUs on 07/02/2025 under the company’s 2021 Equity Incentive Plan. Each RSU converts into one share of Class A common stock as it vests. Vesting schedule: one-sixteenth of the award will vest on each quarterly vesting date beginning 15 Aug 2025 (Feb 15, May 15, Aug 15, Nov 15 thereafter), subject to continued service. Following the grant, the reporting person shows 1,100,000 shares owned directly and an additional 1 share held indirectly through Ashigrace LLC, where Sharma holds sole voting and dispositive power. No price was paid for the RSUs, indicating a standard equity-based compensation grant designed to align executive incentives with shareholder value over time.

Positive

• 1,100,000 RSUs granted to the CEO align management incentives with shareholder interests over a four-year vesting period.
• Quarterly vesting beginning 15 Aug 2025 promotes long-term retention of key leadership.

Negative

• The award represents potential future dilution as each RSU converts to a Class A share upon vesting.
• No performance conditions are cited; vesting depends solely on continued service, which may be viewed as less demanding by some investors.

Insights

Securities Analyst

TL;DR: CEO granted 1.1 M RSUs; standard incentive, limited immediate market impact.

The filing records an equity award of 1,100,000 RSUs to CEO Dushyant Sharma. Because the shares vest quarterly over four years, the grant spreads potential dilution and aligns management with long-term performance. No cash changed hands, and the grant price is $0, typical for RSUs. The direct ownership line now reflects the full 1.1 M shares, while a single share remains under Ashigrace LLC. Absent additional share-count context, the award looks routine for a founder-led growth company and should not create immediate trading pressure.

Corporate Governance Expert

TL;DR: Long-dated RSU grant strengthens retention but increases future dilution risk.

The four-year, quarterly vesting cadence signals a deliberate retention mechanism. Tying vesting to continued service incentivizes leadership stability. From a governance lens, the board is employing equity rather than cash compensation, which improves alignment but dilutes shareholders as shares are issued on each vesting date. The filing meets Section 16 reporting requirements, and the solitary indirect share suggests most of Sharma’s new exposure is held personally rather than via an entity. Overall, the disclosure is transparent and within best-practice norms.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Class C	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	32500	5749575.00	5459000000	07/02/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Class C	03/25/2021	Restricted Stock Units	Issuer			32500	03/25/2021	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for PICHAI FAMILY FOUNDATION 1600 Amphitheatre Parkway Mountain View CA 94043	Common Class C	06/18/2025	4000	706904.40
10b5-1 Sales for SUNDAR PICHAI 1600 Amphitheatre Parkway Mountain View CA 94043	Common Class C	06/18/2025	32500	5742122.75
10b5-1 Sales for PICHAI FAMILY FOUNDATION 1600 Amphitheatre Parkway Mountain View CA 94043	Common Class C	06/04/2025	4000	674870.00
10b5-1 Sales for SUNDAR PICHAI 1600 Amphitheatre Parkway Mountain View CA 94043	Common Class C	06/04/2025	32500	5483234.25
10b5-1 Sales for PICHAI FAMILY FOUNDATION 1600 Amphitheatre Parkway Mountain View CA 94043	Common Class C	05/21/2025	4000	683184.80
10b5-1 Sales for SUNDAR PICHAI 1600 Amphitheatre Parkway Mountain View CA 94043	Common Class C	05/21/2025	32500	5553297.75
10b5-1 Sales for PICHAI FAMILY FOUNDATION 1600 Amphitheatre Parkway Mountain View CA 94043	Common Class C	05/07/2025	4000	624606.00
10b5-1 Sales for SUNDAR PICHAI 1600 Amphitheatre Parkway Mountain View CA 94043	Common Class C	05/07/2025	32500	5066763.00
10b5-1 Sales for PICHAI FAMILY FOUNDATION 1600 Amphitheatre Parkway Mountain View CA 94043	Common Class C	04/16/2025	4000	624484.40
10b5-1 Sales for SUNDAR PICHAI 1600 Amphitheatre Parkway Mountain View CA 94043	Common Class C	04/16/2025	32500	5075148.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many shares did Paymentus CEO Dushyant Sharma receive in the latest Form 4?

The filing reports a grant of 1,100,000 Class A restricted stock units.

When do the newly granted RSUs to PAY’s CEO begin vesting?

Vesting starts on 15 August 2025 and occurs quarterly thereafter.

Was any cash paid for the 1.1 M RSUs disclosed by Paymentus?

No. The transaction price is reported as $0, indicating a compensation grant.

What is the ownership form of the new shares reported by Paymentus’ CEO?

Direct ownership of 1,100,000 shares and indirect ownership of 1 share via Ashigrace LLC.

Does the Form 4 filing indicate whether Dushyant Sharma remains a 10% owner of PAY?

Yes. The form’s relationship box is checked for Director, Officer, and 10% Owner.