Paymentus CCO covers taxes with 4,329 shares
Paymentus Holdings, Inc. Chief Commercial Officer Gerasimos (Jerry) Portocalis reported a routine tax-related share withholding.
Rhea-AI Filing Summary
Paymentus Holdings, Inc. Chief Commercial Officer Gerasimos (Jerry) Portocalis reported a routine tax-related share withholding. The company withheld 4,329 shares of Class A common stock to cover tax obligations tied to the vesting of restricted stock units under its 2021 Equity Incentive Plan.
This was recorded as a tax-withholding disposition, not an open‑market sale or purchase. After the transaction, Portocalis directly holds 750,356 shares of Class A common stock and indirectly holds 47,619 shares through Faliron Family Limited Partnership Ltd., where he has voting and investment power over the general partner.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 4,329 shares
Exercise Price or Tax Liability
2 txns
Insider
Portocalis Gerasimos (Jerry)
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 4,329 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 750,356 shares (Direct);
Class A Common Stock — 47,619 shares (Indirect, See Explanation of Responses)
Footnotes (2)
- F1. 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.
- F2. 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.
Key Figures
Shares withheld for taxes: 4,329 shares
Direct holdings after transaction: 750,356 shares
Indirect holdings after transaction: 47,619 shares
+1 more
4 metrics
Shares withheld for taxes
4,329 shares
Tax-withholding disposition for RSU vesting on Class A Common Stock
Direct holdings after transaction
750,356 shares
Class A Common Stock held directly by CCO after Form 4 event
Indirect holdings after transaction
47,619 shares
Class A Common Stock held via Faliron Family Limited Partnership Ltd.
Tax-withholding entries
1 entry / 4,329 shares
TaxWithholdingCount and TaxWithholdingShares in transaction summary
Key Terms
restricted stock units, 2021 Equity Incentive Plan, tax withholding obligations, Form 4, +1 more
5 terms
restricted stock units financial
"in connection with the vesting of restricted stock units under the issuer's 2021 Equity Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2021 Equity Incentive Plan financial
"vesting of restricted stock units under the issuer's 2021 Equity Incentive Plan"
tax withholding obligations financial
"withholding of shares by the issuer to cover tax withholding obligations in connection with the vesting"
Form 4 regulatory
"This Form 4 reports the withholding of shares by the issuer to cover tax withholding obligations"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
limited partnership financial
"Represents shares held of record by the Faliron Family Limited Partnership Ltd., a limited partnership"
A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.
FAQ
What insider transaction did Paymentus (PAY) report for its CCO?
Paymentus Chief Commercial Officer Gerasimos Portocalis reported a tax-related share withholding of 4,329 Class A shares. The company withheld these shares to satisfy taxes when his restricted stock units vested under the 2021 Equity Incentive Plan.
Was the Paymentus (PAY) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 4,329 shares were withheld by Paymentus to cover tax obligations from vesting restricted stock units, a routine, non-market event coded as a tax-withholding disposition on the Form 4.
What does the F transaction code mean in the Paymentus (PAY) Form 4?
The F transaction code in this Form 4 indicates shares used to pay an exercise price or tax liability. Here, 4,329 Paymentus Class A shares were withheld by the issuer to cover tax obligations related to vesting restricted stock units granted as equity compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
