Paymentus (NYSE: PAY) CCO granted 139,644 RSUs with long-term vesting

Rhea-AI Filing Summary

Portocalis Gerasimos (Jerry) reported acquisition or exercise transactions in this Form 4 filing.

Paymentus Holdings, Inc. Chief Commercial Officer Gerasimos (Jerry) Portocalis received a grant of 139,644 restricted stock units (RSUs) of Class A common stock under the company’s 2021 Equity Incentive Plan. One fifth of these RSUs will vest on March 9, 2027, with additional vesting in equal quarterly installments beginning on August 15, 2027.

Following this award, Portocalis directly holds 759,329 shares of Class A common stock. He also has indirect ownership of 47,619 shares held by Faliron Family Limited Partnership Ltd., where he has sole voting and investment power through the general partner.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Portocalis Gerasimos (Jerry)

Role Chief Commercial Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	139,644	$0.00	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 759,329 shares (Direct); Class A Common Stock — 47,619 shares (Indirect, See Explanation of Responses)

Footnotes (1)

1. Represents an equal number of restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan. Each RSU represents the right to receive a share of the Issuer's Class A common stock on the date it vests, subject to continued service of the reporting person through the applicable vesting date. One fifth of the RSUs will vest on March 9, 2027, and one twentieth of the RSUs will vest on a quarterly basis thereafter on each Quarterly Vesting Date beginning on August 15, 2027. Quarterly Vesting Dates with respect to any calendar year means February 15, May 15, August 15 and November 15. Represents shares held of record by the Faliron Family Limited Partnership Ltd. a limited partnership of which a single-member limited liability company is the sole general partner. The reporting person has sole voting and investment power with respect to the general partner.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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).

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^*

Portocalis Gerasimos (Jerry)

(Last) (First) (Middle)

11605 N. COMMUNITY HOUSE RD.

SUITE 300

(Street)

CHARLOTTE NC 28277

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Paymentus Holdings, Inc. [ PAY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Commercial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/09/2026		A(1)		139,644	A	$0	759,329	D
Class A Common Stock								47,619	I	See Explanation of Responses(2)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents an equal number of restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan. Each RSU represents the right to receive a share of the Issuer's Class A common stock on the date it vests, subject to continued service of the reporting person through the applicable vesting date. One fifth of the RSUs will vest on March 9, 2027, and one twentieth of the RSUs will vest on a quarterly basis thereafter on each Quarterly Vesting Date beginning on August 15, 2027. Quarterly Vesting Dates with respect to any calendar year means February 15, May 15, August 15 and November 15.

2. Represents shares held of record by the Faliron Family Limited Partnership Ltd. a limited partnership of which a single-member limited liability company is the sole general partner. The reporting person has sole voting and investment power with respect to the general partner.

	/s/ Andrew A. Gerber, Attorney-in-Fact	03/11/2026
	** Signature of Reporting Person	Date
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.

FAQ

What insider transaction did PAY Chief Commercial Officer Gerasimos Portocalis report?

Gerasimos Portocalis reported an acquisition of 139,644 restricted stock units (RSUs) of Paymentus Class A common stock. The award was granted as equity compensation under the company’s 2021 Equity Incentive Plan and carries a multi-year service-based vesting schedule.

How do the new RSUs for PAY’s CCO vest over time?

The 139,644 RSUs vest over several years. One fifth of the RSUs will vest on March 9, 2027, and one twentieth will then vest on each Quarterly Vesting Date beginning August 15, 2027, subject to continued service through each vesting date.

How many Paymentus (PAY) shares does Gerasimos Portocalis hold after this transaction?

After the RSU grant, Gerasimos Portocalis directly holds 759,329 shares of Paymentus Class A common stock. In addition, 47,619 shares are held indirectly through Faliron Family Limited Partnership Ltd., where he has sole voting and investment power via the general partner.

What is the nature of the indirect PAY share ownership reported by Gerasimos Portocalis?

The filing shows 47,619 Paymentus shares held of record by Faliron Family Limited Partnership Ltd. A single-member limited liability company serves as the sole general partner, and Portocalis has sole voting and investment power with respect to that general partner entity.

Are the RSUs granted to PAY’s CCO immediately convertible into common stock?

No, each RSU represents the right to receive one share of Class A common stock only when it vests. Vesting requires the continued service of Gerasimos Portocalis through the applicable vesting dates outlined in the award’s schedule.