Paymentus PAY Form 4: RSU tax withholding, 1.05M shares held

Rhea-AI Filing Summary

Paymentus Holdings, Inc. (PAY) reported an insider equity transaction involving its Chairman, President and CEO, Dushyant Sharma, who is also a director and 10% owner. On 11/15/2025, Sharma had 27,054 shares of Class A common stock withheld by the company at a price of $0 to cover tax obligations tied to the vesting of restricted stock units under the 2021 Equity Incentive Plan. After this tax withholding, he directly beneficially owned 1,045,892 shares of Class A common stock, with additional securities held indirectly through Ashigrace LLC, where he has sole voting and dispositive power. This Form 4 was filed for one reporting person and reflects administrative tax settlement rather than an open-market sale.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Sharma Dushyant

Role Chairman, President and CEO

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	27,054	$0.00	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 1,045,892 shares (Direct); Class A Common Stock — 1 shares (Indirect, See Explanation of Responses)

Footnotes (1)

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. Represents securities held directly by Ashigrace LLC. Dushyant Sharma is the sole manager of Ashigrace LLC and has sole voting and dispositive power with respect to the securities held by Ashigrace LLC.

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
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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^*

Sharma Dushyant

(Last) (First) (Middle)

11605 N. COMMUNITY HOUSE ROAD

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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman, President and CEO

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)		27,054	D	$0	1,045,892	D
Class A Common Stock								1	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 securities held directly by Ashigrace LLC. Dushyant Sharma is the sole manager of Ashigrace LLC and has sole voting and dispositive power with respect to the securities held by Ashigrace LLC.

	/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) disclose in this Form 4?

The filing reports that Dushyant Sharma had 27,054 shares of Class A common stock withheld by Paymentus on 11/15/2025 to satisfy tax withholding obligations related to vesting restricted stock units under the 2021 Equity Incentive Plan.

Who is the reporting person in the Paymentus (PAY) Form 4 filing?

The reporting person is Dushyant Sharma, who serves as Chairman, President and CEO of Paymentus Holdings, Inc., and is also a director and 10% owner.

How many Paymentus (PAY) shares does the insider hold after the reported transaction?

Following the tax withholding transaction, Dushyant Sharma beneficially owned 1,045,892 shares of Class A common stock directly, plus additional securities held indirectly through Ashigrace LLC.

Was there an open-market sale of Paymentus (PAY) shares in this Form 4?

No. The Form 4 shows a transaction code F and a $0 price, indicating shares were withheld by the issuer to cover tax obligations upon RSU vesting, rather than sold in the open market.

What is the role of Ashigrace LLC in the Paymentus (PAY) ownership structure?

Ashigrace LLC holds Paymentus securities indirectly for Dushyant Sharma. He is described as the sole manager of Ashigrace LLC with sole voting and dispositive power over those securities.

What plan triggered the tax withholding of Paymentus (PAY) shares?

The withholding of 27,054 shares occurred in connection with the vesting of restricted stock units granted under Paymentus9s 2021 Equity Incentive Plan.