[Form 4] Paymentus Holdings, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Thomas C. Barnds, a director of Paymentus Holdings, Inc. (PAY), reported on Form 4 an in-kind, pro rata distribution of Class B common stock to certain Accel-KKR-related funds and entities on 08/20/2025. The filing shows multiple allocations: 3,602,968 Class B shares associated with Accel-KKR Capital Partners CV III, LP; additional smaller allocations to other Accel-KKR funds totaling millions of Class A-equivalent shares when converted. The filing discloses that Class B shares are convertible into an equal number of Class A shares and that the distributions were made without consideration.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider reported large in-kind distributions of Class B shares among Accel-KKR entities; no cash sales were reported.
The Form 4 documents an in-kind, pro rata distribution on 08/20/2025 that allocated substantial Class B common stock positions across several Accel-KKR funds and affiliated entities. The filing quantifies the allocations (for example, 3,602,968 Class B shares tied to one Accel-KKR vehicle) and clarifies the convertible nature of Class B shares into Class A on a one-for-one basis. This is a disclosure of ownership reallocation rather than an open-market transaction.
TL;DR: Director-level disclosure clarifies voting and investment power across Accel-KKR structures and shows distributions among related entities.
The filing includes detailed footnotes explaining the chain of control and voting/investment power among Accel-KKR entities and the Reporting Person's pecuniary interest disclaimers. It also identifies the Barnds Living Trust as a holder of shares. The disclosure improves transparency about who holds and controls the issuer's shares within the Accel-KKR group.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Common Stock | 3,602,968 | $0.00 | -- |
| Other | Class B Common Stock | 180,352 | $0.00 | -- |
| Other | Class B Common Stock | 151,676 | $0.00 | -- |
| Other | Class B Common Stock | 5,084 | $0.00 | -- |
| Other | Class B Common Stock | 59,920 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- Class B Common Stock is convertible at any time, at the holder's election and automatically in connection with certain transfers and upon certain other events, into an equal number of shares of Class A Common Stock and has no expiration date. In-kind pro rata distribution from the Reporting Person to its partners, without 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) 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. 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. (Continued from footnote 3) 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. Each of the foregoing entities and Mr. Palumbo have separately filed Form 4s reporting their interests. Includes 321,251 shares received in distributions described in footnote 2. Such shares were previously reported as indirectly owned through the entities effecting such distributions. Includes 64,034 shares received in distributions described in footnote 2. Such shares were previously reported as indirectly owned through the entities effecting such distributions. Includes 448,911 shares received in distributions described in footnote 2. Such shares were previously reported as indirectly owned through the entities effecting such distributions. Shares held by the Barnds Living Trust dtd 6/23/2003.
