Accel-KKR entities shift 155,574 Paymentus (PAY) shares in in-kind distribution
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Paymentus Holdings, Inc. director and 10% owner Robert Palumbo reported an internal restructuring of indirect holdings in Class A Common Stock. An entity associated with the Accel‑KKR funds completed an in-kind pro rata distribution of 155,574 shares to its partners without consideration, meaning no cash changed hands. Following this distribution, various Accel‑KKR-related entities and the Palumbo 2026 Annuity Trust are shown as holding indirect positions in Paymentus shares. The filing reflects a non-market reallocation of ownership among affiliated investment vehicles rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Palumbo Robert
Role
null
| 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, 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. (Continued from footnote 3) 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 Palumbo 2026 Annuity Trust.
Key Figures
In-kind distribution: 155,574 shares
Palumbo 2026 Annuity Trust holding: 64,308 shares
AKKR SC GPI HoldCo LP holding: 7,312 shares
+4 more
7 metrics
In-kind distribution
155,574 shares
Class A Common Stock distributed without consideration
Palumbo 2026 Annuity Trust holding
64,308 shares
Indirect Class A Common Stock holding
AKKR SC GPI HoldCo LP holding
7,312 shares
Indirect Class A Common Stock holding
Accel-KKR Growth Capital Partners II, LP
37,350 shares
Indirect Class A Common Stock holding
Accel-KKR Growth Capital Partners III, LP
94,546 shares
Indirect Class A Common Stock holding
Accel-KKR Capital Partners CV III, LP
2,245,886 shares
Indirect Class A Common Stock holding
Distribution price per share
$0.00
Reported transaction price for 155,574-share distribution
Key Terms
in-kind pro rata distribution, beneficial ownership, pecuniary interest, Class A Common Stock, +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."
Class A Common Stock financial
"has voting and investment power over the shares of Common Stock of the Issuer owned by (i) Accel-KKR Capital Partners CV III, LP"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
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.
FAQ
What insider activity did Robert Palumbo report at Paymentus Holdings (PAY)?
Robert Palumbo reported an internal restructuring of indirect holdings in Paymentus Class A Common Stock. An Accel-KKR management entity distributed 155,574 shares in-kind to its partners without consideration, reallocating shares among affiliated funds and the Palumbo 2026 Annuity Trust rather than involving market trades.
Was the Paymentus (PAY) insider transaction a market buy or sell?
The reported activity was not a market buy or sell. It was an in-kind pro rata distribution of 155,574 shares by an Accel-KKR management entity to its partners without consideration, representing an internal reallocation of holdings among related investment vehicles and trusts.
What does ‘in-kind pro rata distribution’ mean in the Paymentus (PAY) Form 4?
An in-kind pro rata distribution means shares, not cash, were distributed to partners in proportion to their interests. Here, AKKR Fund II Management Company, LP distributed 155,574 Paymentus shares to its partners without consideration, changing which affiliated entities hold the shares but not involving a sale.