PAY Chief Commercial Officer Updates Holdings After RSU Vesting

Rhea-AI Filing Summary

Paymentus Holdings, Inc. (PAY) reported an insider equity transaction by its Chief Commercial Officer. On 11/15/2025, the company withheld 4,356 shares of Class A common stock to cover tax obligations related to the vesting of restricted stock units under its 2021 Equity Incentive Plan. After this tax withholding, the reporting officer beneficially owned 622,674 shares of Class A common stock directly. In addition, 47,619 shares are held indirectly through the Faliron Family Limited Partnership Ltd., for which the reporting person exercises sole voting and investment power over the general partner.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Portocalis Gerasimos (Jerry)

Role Chief Commercial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	4,356	$0.00	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 622,674 shares (Direct); Class A Common Stock — 47,619 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 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.

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
Estimated average burden
hours per response:			0.5

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^*

Portocalis Gerasimos (Jerry)

(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)
	Chief Commercial Officer

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)		4,356	D	$0	622,674	D
Class A Common Stock								47,619	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 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.

	/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 Holdings (PAY) report on this Form 4?

The filing reports that the Chief Commercial Officer of Paymentus Holdings, Inc. (PAY) had 4,356 shares of Class A common stock withheld by the issuer on 11/15/2025 to satisfy tax obligations from vesting restricted stock units under the 2021 Equity Incentive Plan.

How many Paymentus (PAY) shares does the reporting officer own after the transaction?

Following the reported transaction, the officer beneficially owns 622,674 shares of Paymentus Class A common stock directly and 47,619 shares indirectly through the Faliron Family Limited Partnership Ltd.

Why were Paymentus (PAY) shares withheld in this Form 4 filing?

The filing states that the shares were withheld by Paymentus Holdings, Inc. to cover tax withholding obligations arising from the vesting of restricted stock units granted under the company’s 2021 Equity Incentive Plan.

What is the relationship of the reporting person to Paymentus Holdings (PAY)?

The reporting person serves as an Officer of Paymentus Holdings, Inc., specifically holding the title of Chief Commercial Officer, and is required to report transactions in company equity securities.

How are the indirectly held Paymentus (PAY) shares structured?

The 47,619 indirectly held shares are owned of record by the Faliron Family Limited Partnership Ltd.. A single‑member limited liability company is the sole general partner, and the reporting person has sole voting and investment power with respect to that general partner.

Does this Paymentus (PAY) Form 4 indicate a market sale of shares?

No. The filing explains that the transaction reflects shares withheld by the issuer to satisfy tax withholding obligations tied to RSU vesting, rather than an open-market sale initiated by the officer.