Paymentus (NYSE: PAY) withholds 21,338 CFO shares for taxes on RSUs
Rhea-AI Filing Summary
Paymentus Holdings, Inc. (PAY) reported that its SVP and CFO, Sanjay Kalra, had 21,338 shares of Class A Common Stock withheld by the company on 2026-08-15 to cover tax withholding obligations arising from the vesting of restricted stock units under the 2021 Equity Incentive Plan. After this tax-withholding disposition, Kalra directly holds 484,259 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 21,338 shares
Net Sell
1 txn
Insider
Kalra Sanjay
Role
SVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 21,338 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 484,259 shares (Direct)
Footnotes (1)
- 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.
Key Figures
Shares withheld for taxes: 21,338 shares
Shares held after transaction: 484,259 shares
Transaction code: Code F
+2 more
5 metrics
Shares withheld for taxes
21,338 shares
Shares of Class A Common Stock withheld on 2026-08-15 for tax withholding obligations
Shares held after transaction
484,259 shares
Direct holdings of Class A Common Stock following the 2026-08-15 transaction
Transaction code
Code F
Payment of tax liability by delivering or withholding securities
ExercisePriceOrTaxLiabilityShares
21,338 shares
Total shares reported under code F for payment of tax liability
10b5-1 plan status
false
Document-level Rule 10b5-1 checkbox for this Form 4
Key Terms
restricted stock units, 2021 Equity Incentive Plan, withholding of shares, tax withholding obligations
4 terms
restricted stock units financial
"in connection with the vesting of restricted stock units under the issuer's 2021"
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
"by the issuer to cover tax withholding obligations in connection with the vesting"
FAQ
What transaction did Paymentus (PAY) report for CFO Sanjay Kalra on this Form 4?
Paymentus reported that CFO Sanjay Kalra had 21,338 shares of Class A Common Stock withheld on 2026-08-15 to cover tax withholding obligations related to vesting restricted stock units.
Was the Paymentus (PAY) Form 4 transaction under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnote describes the transaction as issuer share withholding for taxes on RSU vesting, not a trading-plan sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.