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  4. [Form 4] Paymentus Holdings, Inc. Insider Trading Activity

Paymentus (PAY) director sells 80000 shares under Rule 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Paymentus Holdings, Inc. director Gary Trainor, through TF Investment Holdings LLC, reported selling a total of 80000 shares of Class A Common Stock in three transactions on July 28–29, 2026. The weighted average sale prices were $33.1096, $33.5000 and $35.1213 per share.

The reported prices reflect multiple individual trades, with ranges from $32.50–$33.47 and $35.00–$35.27 per share. The sales were effected pursuant to a Rule 10b5-1 trading plan established on March 12, 2026, and the LLC is managed solely by Trainor, who has sole voting and dispositive power over its shares.

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Insider Trainor Gary
Role Director
Sold 80,000 shs ($2.73M)
Type Security Shares Price Value
Sale Class A Common Stock F1, F4, F3 40,000 $35.1213 $1.40M
Sale Class A Common Stock F1, F2, F3 39,000 $33.1096 $1.29M
Sale Class A Common Stock F1, F3 1,000 $33.50 $34K
Holdings After Transaction: Class A Common Stock — 589,888 shares (Indirect, See Explanation of Responses)
Footnotes (4)
  1. F1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on March 12, 2026.
  2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.50 to $33.47, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  3. F3. Represents shares held directly by TF Investment Holdings LLC. Gary Trainor is the sole manager of TF Investment Holdings LLC and has sole voting and dispositive power with respect to the shares held by TF Investment Holdings LLC.
  4. F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.00 to $35.27, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Shares sold on 2026-07-29 40000.0000 shares Class A Common Stock sold indirectly on July 29, 2026
Weighted average price 2026-07-29 $35.1213 Weighted average sale price for 40000 shares on July 29, 2026
Shares sold on 2026-07-28 39000.0000 shares Class A Common Stock sold indirectly on July 28, 2026 (first block)
Weighted average price 2026-07-28 $33.1096 Weighted average sale price for 39000 shares on July 28, 2026
Total shares sold 80000 shares Aggregate number of shares sold across three reported transactions
Rule 10b5-1 plan adoption date March 12, 2026 Date the reporting person established the Rule 10b5-1 trading plan
Price range for certain 2026-07-28 trades $32.50–$33.47 Range of individual sale prices referenced in footnote F2
Price range for 2026-07-29 trades $35.00–$35.27 Range of individual sale prices referenced in footnote F4
Rule 10b5-1 trading plan regulatory
"The sales reported ... were effected pursuant to a Rule 10b5-1 trading plan established"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
sole voting and dispositive power financial
"and has sole voting and dispositive power with respect to the shares"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

How many Paymentus (PAY) shares did Gary Trainor sell in this Form 4?
Gary Trainor reported selling a total of 80000 shares of Paymentus Class A Common Stock. The sales occurred in three blocks of 40000, 39000 and 1000 shares on July 28–29, 2026, all held indirectly through TF Investment Holdings LLC.

At what prices were the Paymentus (PAY) shares sold by Gary Trainor?
The reported sales used weighted average prices of $33.1096, $33.5000 and $35.1213 per share. Footnotes explain these averages reflect multiple trades, with underlying prices ranging from $32.50–$33.47 and $35.00–$35.27 per share.

Were the Paymentus (PAY) share sales made under a Rule 10b5-1 plan?
Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan. The plan was established by the reporting person on March 12, 2026, and the Form 4 also marks the Rule 10b5-1 plan affirmation checkbox as true.

How are Gary Trainor’s Paymentus (PAY) holdings structured in this filing?
The reported shares are held by TF Investment Holdings LLC. A footnote explains that Gary Trainor is the sole manager of this LLC and has sole voting and dispositive power over the shares it holds, making the reported ownership indirect.

What does “weighted average price” mean in this Paymentus (PAY) insider sale?
“Weighted average price” means the per-share price shown aggregates multiple individual trades executed at different prices. Footnotes note that shares on each date were sold in numerous transactions within stated price ranges and that detailed trade-by-trade data is available on request.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Trainor Gary
(Last)(First)(Middle)
15601 DALLAS PARKWAY
SUITE 600
(Street)
ADDISON TEXAS 75001
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Paymentus Holdings, Inc. [ PAY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/28/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock07/28/2026S(1)39,000D$33.1096(2)630,888ISee Explanation of Responses(3)
Class A Common Stock07/28/2026S(1)1,000D$33.5629,888ISee Explanation of Responses(3)
Class A Common Stock07/29/2026S(1)40,000D$35.1213(4)589,888ISee Explanation of Responses(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on March 12, 2026.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.50 to $33.47, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
3. Represents shares held directly by TF Investment Holdings LLC. Gary Trainor is the sole manager of TF Investment Holdings LLC and has sole voting and dispositive power with respect to the shares held by TF Investment Holdings LLC.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.00 to $35.27, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
/s/ Meredith P. Burbank, Attorney-in-Fact07/30/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR