Paymentus director adds 400,022 Class B shares
For Paymentus Holdings, Inc. (PAY), director Jason Klein reported two indirect acquisitions dated 2026-08-26 related to an internal restructuring.
Rhea-AI Filing Summary
For Paymentus Holdings, Inc. (PAY), director Jason Klein reported two indirect acquisitions dated 2026-08-26 related to an internal restructuring. Entities affiliated with Accel-KKR made a pro rata distribution of shares, from which Klein received 400,022 shares of Class B Common Stock and 546 shares of Class A Common Stock.
The 400,022 Class B shares are reported as a derivative position, each convertible into one share of Class A Common Stock with no expiration date, bringing Klein’s indirect Class B holdings to 2,899,940 shares. The 546 Class A shares, held by The Jason and Farah Klein Revocable Trust, increased that trust’s indirect Class A position to 1,496 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 400,568 shares
Other
2 txns
Insider
Klein Jason
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Common Stock F3, F1, F2 | 400,022 | $0.00 | $0.00 |
| Other | Class A Common Stock F1, F2 | 546 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Common Stock — 2,899,940 contracts (Indirect, See footnote);
Class A Common Stock — 1,496 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: 400,022 shares of Class B Common Stock
Indirect Class B holdings after transaction: 2,899,940 shares of Class B Common Stock
Class A shares acquired: 546 shares of Class A Common Stock
+2 more
5 metrics
Class B shares acquired
400,022 shares of Class B Common Stock
Other acquisition on 2026-08-26 via pro rata distribution from Accel-KKR-affiliated funds
Indirect Class B holdings after transaction
2,899,940 shares of Class B Common Stock
Total indirect Class B position reported following the restructuring transaction
Class A shares acquired
546 shares of Class A Common Stock
Other acquisition on 2026-08-26, held indirectly
Indirect Class A holdings after transaction
1,496 shares of Class A Common Stock
Total indirect Class A position held by The Jason and Farah Klein Revocable Trust
Restructuring-related shares
400,568 shares
Total shares involved across two code J restructuring transactions reported
Key Terms
pro rata distribution, Rule 16a-9(a), Class B Common Stock, convertible at any time, +1 more
5 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) under"
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 at any time financial
"Class B Common Stock is convertible at any time, at the holder's election"
Revocable Trust financial
"Shares held by The Jason and Farah Klein Revocable Trust dtd 1/27/2011."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
What insider transactions did Jason Klein report for PAY on August 26, 2026?
Jason Klein reported two indirect acquisitions on 2026-08-26: 400,022 shares of Class B Common Stock received in a pro rata distribution and 546 shares of Class A Common Stock, both characterized as “other acquisitions or dispositions.”
AI-generated analysis. How Rhea-AI works. Not financial advice.
