PAY insider filing: CFO now holds 440,544 Paymentus shares

Rhea-AI Filing Summary

Paymentus Holdings, Inc. (PAY) reported an insider equity transaction by its Senior Vice President and Chief Financial Officer. On 11/15/2025, the officer had 19,494 shares of Class A common stock withheld by the company to cover tax obligations tied to the vesting of restricted stock units under Paymentus’ 2021 Equity Incentive Plan. After this tax withholding, the officer directly beneficially owned 440,544 shares of Class A common stock, reflecting a routine administrative adjustment rather than an open-market sale.

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^*

Kalra Sanjay

(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)
	SVP and CFO

3. Date of Earliest Transaction (Month/Day/Year)
11/15/2025

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	11/15/2025		F(1)		19,494	D	$0	440,544	D

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.

	/s/ Andrew A. Gerber, Attorney-in-Fact	11/17/2025
	** 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 in this Form 4?

The filing reports that the SVP and CFO of Paymentus Holdings, Inc. (PAY) had 19,494 shares of Class A common stock withheld on 11/15/2025 to cover tax obligations associated with vesting restricted stock units.

How many Paymentus (PAY) shares does the CFO hold after this transaction?

Following the reported tax withholding transaction, the Paymentus SVP and CFO directly beneficially owned 440,544 shares of the company’s Class A common stock.

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

No. The Form 4 explains that the transaction reflects issuer share withholding to satisfy tax withholding obligations upon the vesting of restricted stock units under the 2021 Equity Incentive Plan, not an open-market sale.

What does the transaction code F mean in the Paymentus (PAY) Form 4?

The transaction is coded F, which indicates a payment of tax liability by withholding securities incident to the vesting of a security, in this case restricted stock units.

Which Paymentus (PAY) equity plan is referenced in this Form 4 filing?

The explanation states that the tax withholding was in connection with the vesting of restricted stock units granted under Paymentus’ 2021 Equity Incentive Plan.