Accel-KKR funds reallocate 155,574 Paymentus (NYSE: PAY) shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Paymentus Holdings, Inc. major shareholder Thomas Barnds filed a Form 4 detailing indirect holdings and an internal restructuring of Paymentus Class A common stock among Accel-KKR affiliated entities. The filing reports an in-kind pro rata distribution of 155,574 shares by AKKR Fund II Management Company, LP to its partners for no consideration.
After this distribution, indirect positions include 2,245,886 shares held by Accel-KKR Capital Partners CV III, LP, along with additional holdings at Accel-KKR Growth Capital funds and a Barnds family trust. The reporting persons disclaim beneficial ownership beyond their pecuniary interests, indicating this is primarily an entity-level reallocation rather than a market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Barnds Thomas
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 155,574 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 0 shares (Indirect, See footnote.)
Footnotes (1)
- In-kind pro rata distribution by AKKR Fund II Management Company, LP, to its partners, without consideration. Such shares were previously reported as directly held by Accel-KKR Capital Partners CV III, LP and were transferred to AKKR Fund II Management Company, LP on August 20, 2025 for no consideration. Accel-KKR Holdings GP, LLC , or Topco GP (for which decision making is controlled by Mr. Palumbo and Mr. Barnds), has voting and investment power over the shares of Common Stock of the Issuer owned by (i) Accel-KKR Capital Partners CV III, LP, or CV III; (ii) Accel-KKR Growth Capital Partners III, LP, or GC III; (iii) Accel-KKR Growth Capital Partners II Strategic Fund, LP, or GC II Strategic; (iv) Accel-KKR Growth Capital Partners II, LP, or GC II; (v) (v) Accel-KKR Members Fund, LLC, or Members Fund; (vi) AKKR Strategic Capital LP, or SC; and (vii) AKKR SC GPI HoldCo LP, or SC GPI. (Continued from footnote 3) AKKR Fund III Management Company CV, LP, or CV III GP, is the sole general partner of CV III. AKKR Growth Capital Management Company III, LP, or GC III GP, is the sole general partner of GC III. AKKR Growth Capital Management Company II, LP, or GC II GP, is the sole general partner of GC II Strategic and GC II. AKKR Strategic Capital GP, or SC GP, is the sole general partner of SC. AKKR Management Company, LLC, or UGP, is the sole managing member of Members Fund and the sole general partner of CV III GP, GC III GP, GC II GP, SC GP and SC GPI. Topco GP, is the sole managing member of UGP. AKKR Fund II Management Company, LP, or the Management Company, is the sole management company of each of the Accel-KKR Funds, (Continued from footnote 3) and UGP is the general partner of the Management Company. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of such Reporting Person's pecuniary interest therein. Mr. Palumbo and Mr. Barnds have separately filed Form 4s reporting their interests. Represents shares received in the distribution described in footnote 1. Shares held by the Barnds Living Trust dtd 6/23/2003.
Key Figures
Restructured shares: 155,574 shares
CV III holdings: 2,245,886 shares
GC III holdings: 94,546 shares
+5 more
8 metrics
Restructured shares
155,574 shares
In-kind pro rata distribution without consideration
CV III holdings
2,245,886 shares
Class A common stock held by Accel-KKR Capital Partners CV III, LP after transaction
GC III holdings
94,546 shares
Class A common stock held by Accel-KKR Growth Capital Partners III, LP after transaction
GC II holdings
37,350 shares
Class A common stock held by Accel-KKR Growth Capital Partners II, LP after transaction
GC II Strategic holdings
3,168 shares
Class A common stock held by Accel-KKR Growth Capital Partners II Strategic Fund, LP
SC GPI holdings
7,312 shares
Class A common stock held by AKKR SC GPI HoldCo LP
Barnds trust holdings
64,308 shares
Class A common stock held by Barnds Living Trust dated 6/23/2003
Restructuring price
$0.00 per share
Reported price for 155,574-share in-kind distribution
Key Terms
in-kind pro rata distribution, beneficial ownership, pecuniary interest, indirect ownership, +1 more
5 terms
in-kind pro rata distribution financial
"In-kind pro rata distribution by AKKR Fund II Management Company, LP, to its partners, without consideration."
beneficial ownership financial
"Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of such Reporting Person's pecuniary interest therein."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of such Reporting Person's pecuniary interest therein."
indirect ownership financial
"direct_or_indirect: "I" and ownership_type: "indirect" for multiple Class A Common Stock entries."
Form 4 regulatory
"Mr. Palumbo and Mr. Barnds have separately filed Form 4s reporting their interests."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Thomas Barnds report in his latest Paymentus (PAY) Form 4?
Thomas Barnds reported changes in indirect holdings of Paymentus Class A common stock, including an in-kind pro rata distribution of 155,574 shares by AKKR Fund II Management Company, LP to its partners for no consideration, and updated share amounts held through several Accel-KKR funds and a family trust.
Was there a market buy or sell of Paymentus (PAY) stock in this Form 4?
The primary transaction is coded as an "other" type restructuring, specifically an in-kind pro rata distribution of 155,574 shares for no consideration. The filing does not record open-market purchases or sales but instead reflects internal reallocations among Accel-KKR affiliated entities and a related trust.
What does the Paymentus (PAY) Form 4 say about Barnds’ beneficial ownership?
The footnotes state each reporting person disclaims beneficial ownership of the securities except to the extent of their pecuniary interest. Voting and investment power over shares in multiple Accel-KKR funds is attributed to Accel-KKR Holdings GP, LLC and related general partners, emphasizing entity-level control rather than direct personal ownership.