Paymentus (PAY) CCO has shares withheld to cover RSU tax obligations

Rhea-AI Filing Summary

Paymentus Holdings, Inc. Chief Commercial Officer Gerasimos (Jerry) Portocalis reported a routine tax-related share withholding. On March 13, 2026, the issuer withheld 4,644 shares of Class A common stock to cover tax obligations tied to vesting restricted stock units under the 2021 Equity Incentive Plan.

After this non-market disposition, Portocalis directly holds 754,685 shares of Class A common stock. He also has indirect ownership of 47,619 shares held by the Faliron Family Limited Partnership Ltd., where he has sole voting and investment power over the general partner.

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

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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)
03/13/2026

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	03/13/2026		F(1)		4,644	D	$0	754,685	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. This Form 4 reports the withholding of shares by the issuer to cover tax withholding obligations in connection with the vesting of restricted stock units under the issuer's 2021 Equity Incentive Plan.

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 partnerr. The reporting person has sole voting and investment power with respect to the general partner.

	/s/ Andrew A. Gerber, Attorney-in-Fact	03/16/2026
	** 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 Paymentus (PAY) report for Gerasimos Portocalis?

Paymentus reported that Chief Commercial Officer Gerasimos (Jerry) Portocalis had 4,644 Class A shares withheld to cover tax obligations from vesting restricted stock units. This was a non-market, F-code tax-withholding disposition rather than an open-market purchase or sale of shares.

Was the Paymentus (PAY) Form 4 transaction an open-market sale of shares?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. The issuer withheld 4,644 Class A shares to satisfy tax obligations from vesting restricted stock units under the 2021 Equity Incentive Plan, a routine compensation-related event.

How many Paymentus (PAY) shares does Gerasimos Portocalis hold after this Form 4?

After the reported tax-withholding, Gerasimos Portocalis directly holds 754,685 Class A common shares. He also indirectly owns 47,619 shares held by the Faliron Family Limited Partnership Ltd., where he has sole voting and investment power over the general partner’s holdings.

What is the significance of the 4,644 Paymentus (PAY) shares in the Form 4 filing?

The 4,644 shares represent stock withheld by Paymentus to cover tax liabilities from vesting restricted stock units. This F-code transaction is a standard mechanism for satisfying taxes on equity compensation and does not represent a discretionary market sale by the executive.

How are indirect Paymentus (PAY) holdings by Gerasimos Portocalis structured?

Indirect holdings are reported as 47,619 Class A shares held by the Faliron Family Limited Partnership Ltd. A single-member LLC is the sole general partner, and Portocalis has sole voting and investment power regarding that general partner’s interest, giving him effective control over these shares.