Paymentus (PAY) director gains 329K shares via trust
Rhea-AI Filing Summary
Paymentus Holdings, Inc. (PAY) reported that director Jason Klein had indirect acquisitions related to an internal equity restructuring. On 2026-08-17, entities affiliated with him received 328,915 shares of Class B Common Stock and 950 shares of Class A Common Stock in a pro rata distribution from funds affiliated with Accel‑KKR, with the acquisition described as exempt under Rule 16a-9(a). The distributed shares are held indirectly through The Jason and Farah Klein Revocable Trust, and Klein now indirectly holds 2,499,918 Class B shares and 950 Class A shares. The Class B stock is convertible at any time into an equal number of Class A shares and has no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 950 shares
Net Buy
2 txns
Insider
Klein Jason
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Common Stock F3, F1, F2 | 328,915 | $0.00 | $0.00 |
| Other | Class A Common Stock F1, F2 | 950 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Common Stock — 2,499,918 shares (Indirect, See footnote);
Class A Common Stock — 950 shares (Indirect, See footnote)
Footnotes (3)
- F1. Shares received in a pro rata distribution from funds affiliated with Accel-KKR. The acquisition of such shares was exempt pursuant to Rule 16a-9(a) under the Securities Exchange Act of 1934, as amended.
- F2. Shares held by The Jason and Farah Klein Revocable Trust dtd 1/27/2011.
- F3. 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.
Key Figures
Class B shares acquired in distribution: 328,915 shares
Class A shares acquired in distribution: 950 shares
Indirect Class B holdings after transaction: 2,499,918 shares
+2 more
5 metrics
Class B shares acquired in distribution
328,915 shares
Class B Common Stock received indirectly on 2026-08-17 in a pro rata distribution
Class A shares acquired in distribution
950 shares
Class A Common Stock received indirectly on 2026-08-17 in a pro rata distribution
Indirect Class B holdings after transaction
2,499,918 shares
Total Class B Common Stock indirectly held following the restructuring transaction
Indirect Class A holdings after transaction
950 shares
Total Class A Common Stock indirectly held following the restructuring transaction
Restructuring-related shares
329,865 shares
Total shares involved in restructuring transactions reported on this Form 4
Key Terms
pro rata distribution, Rule 16a-9(a), Class B Common Stock, convertible
4 terms
pro rata distribution financial
"Shares received in a pro rata distribution from funds affiliated with Accel-KKR"
A pro rata distribution is when a company or organization shares out money, assets, or benefits evenly among all eligible people based on their size or share. For example, if a company makes a profit and distributes it to shareholders, each person gets a portion proportional to how many shares they own. It ensures everyone gets their fair part based on their ownership or stake.
Rule 16a-9(a) regulatory
"The acquisition of such shares was exempt pursuant to Rule 16a-9(a)"
Class B Common Stock financial
"Class B Common Stock is convertible at any time, at the holder's election"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
convertible financial
"Class B Common Stock is convertible at any time, at the holder's election"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
FAQ
What insider transactions did PAY director Jason Klein report on 2026-08-17?
Klein reported indirect acquisitions tied to an equity restructuring. Entities affiliated with him received 328,915 Class B and 950 Class A Paymentus (PAY) shares in a pro rata distribution from funds affiliated with Accel‑KKR, described as exempt under Rule 16a-9(a).
What Class A Common Stock holdings were reported for Jason Klein in PAY?
The filing shows an indirect holding of 950 shares of Class A Common Stock for Klein after the restructuring transaction. These Class A shares were received in the same pro rata distribution and are held through The Jason and Farah Klein Revocable Trust associated with him.
AI-generated analysis. How Rhea-AI works. Not financial advice.
