Form 4: Gerber Andrew A. reports disposition transactions in PAY
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gerber Andrew A. reported disposition transactions in a Form 4 filing for PAY. The filing lists transactions totaling 3,900 shares. Following the reported transactions, holdings were 95,345 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gerber Andrew A.
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 3,900 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 95,345 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did PAY report for Andrew A. Gerber?
Paymentus reported a tax-related share withholding for Andrew A. Gerber involving 3,900 Class A common shares. The company withheld these shares to satisfy tax obligations arising from the vesting of restricted stock units under its 2021 Equity Incentive Plan, not through an open-market trade.
What does transaction code F mean in the Paymentus (PAY) Form 4?
Transaction code F indicates a tax-withholding disposition where shares are delivered to cover tax liabilities or exercise costs. In this case, 3,900 Paymentus shares were withheld by the issuer to satisfy tax due on restricted stock unit vesting under the 2021 Equity Incentive Plan.
Was the Paymentus (PAY) insider transaction an open-market sale or purchase?
No, the reported transaction was not an open-market purchase or sale. The filing states it was a withholding of shares by Paymentus to cover tax obligations from restricted stock unit vesting, an administrative equity plan event rather than a discretionary trading decision in the public market.
What role does Andrew A. Gerber hold at Paymentus (PAY) in this Form 4?
Andrew A. Gerber is identified as an officer of Paymentus, serving as General Counsel and Secretary. His Form 4 filing reflects equity activity connected to his compensation, specifically tax-withholding on restricted stock units granted under the company’s 2021 Equity Incentive Plan.