Paymentus (PAY) director Jason Klein reports 145,596-share pro rata distribution
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Paymentus Holdings, Inc. director Jason Klein reported an indirect acquisition of shares linked to the company’s dual‑class structure. On 12/10/2025, a derivative position in Class B Common Stock corresponding to 145,596 shares of Class A Common Stock was reported, with a stated price of $0. The filing notes these shares were received in a pro rata distribution from funds affiliated with Accel‑KKR and that this acquisition was exempt under Rule 16a-9(a) of the Exchange Act.
After the transaction, 2,171,003 derivative securities were beneficially owned indirectly, held by The Jason and Farah Klein Revocable Trust dtd 1/27/2011
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Klein Jason
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Common Stock | 145,596 | $0.00 | -- |
Holdings After Transaction:
Class B Common Stock — 2,171,003 shares (Indirect, See footnote)
Footnotes (1)
- 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. Shares received in a pro rata distribution from funds affiliated with Accel-KKR. The acquisition of such shares was exempt pursuant to Rule 16a-9(a) under the Securities Exchange Act of 1934, as amended. Shares held by The Jason and Farah Klein Revocable Trust dtd 1/27/2011.
FAQ
What insider transaction did Paymentus (PAY) report for Jason Klein?
The report shows Jason Klein, a director of Paymentus Holdings, Inc., had a derivative transaction on 12/10/2025 involving Class B Common Stock tied to 145,596 shares of Class A Common Stock.
What was the reported price for the Paymentus derivative securities in this Form 4?
The filing lists the price of the derivative security as $0, consistent with shares received in a pro rata distribution rather than a market purchase.
How many derivative securities does Jason Klein beneficially own after this Paymentus transaction?
Following the reported transaction, 2,171,003 derivative securities were shown as beneficially owned indirectly.
How can Paymentus Class B Common Stock be converted according to the filing?
The Class B Common Stock is described as convertible at any time, at the holder’s election and automatically in connection with certain transfers and other events, into an equal number of Class A Common Stock shares, and it has no expiration date.