[Form 4] Paymentus Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Paymentus Holdings insider sale tied to RSU vesting — This Form 4 shows Sanjay Kalra, SVP and CFO of Paymentus Holdings, reported a disposition of 19,494 shares of Class A common stock on 08/15/2025. The filing explains these shares were withheld by the issuer to cover tax withholding obligations related to the vesting of restricted stock units under the company’s 2021 Equity Incentive Plan. Following the withholding, Mr. Kalra is reported to beneficially own 460,038 shares. The form is signed by an attorney-in-fact on 08/18/2025.

Positive

• Disclosure of tax-withholding on RSU vesting clarifies the nature of the disposition and avoids misinterpretation as a market sell
• Form filed and signed promptly (transaction 08/15/2025; signature 08/18/2025), indicating compliance with reporting rules

Negative

• 19,494 shares disposed reduces the reporting person's direct holdings to 460,038 shares, a change investors may note
• Disposition occurred (even though for tax withholding) which some investors track as insider activity

Insights

Financial Analyst

TL;DR: Routine tax-withholding disposition; not an open-market sale and likely neutral for valuation.

The reported transaction is a common administrative disposition where shares are withheld to satisfy tax obligations arising from RSU vesting. The amount withheld, 19,494 shares, reduced the insider's holdings to 460,038 shares. Because this was executed via withholding rather than an open-market sale, it does not signal active cashing out and has limited immediate market impact. Investors should note the transaction type when interpreting insider activity.

Corporate Governance Expert

TL;DR: Compliance-focused filing showing standard tax-withholding treatment of vested RSUs; governance process appears followed.

The Form 4 provides the required disclosure that shares were withheld under the 2021 Equity Incentive Plan to cover taxes. The filing identifies the reporting person as SVP and CFO and includes a timely signature by an attorney-in-fact. This indicates adherence to Section 16 reporting obligations and internal procedures for handling executive equity vesting events.

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
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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)
08/15/2025

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	08/15/2025		F(1)		19,494	D	$0	460,038	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. Consists of shares withheld 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	08/18/2025
	** 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 did Sanjay Kalra report on the Form 4 for Paymentus Holdings (PAY)?

He reported a disposition of 19,494 Class A common shares on 08/15/2025 related to tax withholding for vested RSUs; beneficial ownership after the transaction is 460,038 shares.

Why were the 19,494 shares disposed according to the filing?

The filing states the shares were withheld by the issuer to cover tax withholding obligations in connection with the vesting of restricted stock units under the 2021 Equity Incentive Plan.

Was this an open-market sale reported on Form 4 for PAY?

No. The transaction code and explanation indicate the shares were withheld by the issuer for taxes, not sold on the open market.

When was the Form 4 signed and by whom?

The Form 4 was signed on 08/18/2025 by Andrew A. Gerber, Attorney-in-Fact for the reporting person.

What is the reporting person’s role at Paymentus?

The reporting person, Sanjay Kalra, is identified as SVP and CFO of Paymentus Holdings.