Driehaus Capital cuts Paymentus (PAY) ownership to 4.03% in exit 13G/A

Rhea-AI Filing Summary

Driehaus Capital Management LLC filed an amended Schedule 13G reporting beneficial ownership of 2,239,138 shares of Paymentus Holdings, Inc. common stock, representing 4.03% of the class. All voting and dispositive power over these shares is shared, with no sole voting or dispositive authority.

The filing is characterized as an “Exit Filing”, reflecting ownership of 5 percent or less of the class as of 12/31/2025. Driehaus states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Paymentus.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Paymentus Holdings, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

70439P108

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 70439P108

1

Names of Reporting Persons

DRIEHAUS CAPITAL MANAGEMENT LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,239,138.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,239,138.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,239,138.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.03 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: Exit Filing

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Paymentus Holdings, Inc.
(b)	Address of issuer's principal executive offices: 11605 N. Community House Road, Suite 300, Charlotte, North Carolina, 28277
Item 2.
(a)	Name of person filing: Driehaus Capital Management LLC
(b)	Address or principal business office or, if none, residence: 25 East Erie Street Chicago, Illinois 60611
(c)	Citizenship: USA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 70439P108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2239138
(b)	Percent of class: 4.03 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 2239138
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 2239138
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

DRIEHAUS CAPITAL MANAGEMENT LLC

Signature:	Janet McWilliams
Name/Title:	Janet McWilliams/General Counsel
Date:	02/17/2026

FAQ

What ownership stake in Paymentus (PAY) does Driehaus report in this filing?

Driehaus Capital Management LLC reports beneficial ownership of 2,239,138 Paymentus common shares, equal to 4.03% of the class. All reported voting and dispositive power is shared, with no sole voting or dispositive authority indicated in the Schedule 13G/A.

Why is this Paymentus (PAY) Schedule 13G/A described as an exit filing?

The filing is labeled an “Exit Filing” because Driehaus reports ownership of 5 percent or less of Paymentus’ common stock. Item 5 confirms “Ownership of 5 percent or less of a class,” indicating the position has fallen below the key reporting threshold.

What type of form is this Paymentus (PAY) disclosure by Driehaus?

This disclosure is a Schedule 13G/A (Amendment No. 3) for Paymentus Holdings, Inc. It reports passive beneficial ownership of common stock as of 12/31/2025, rather than an intent to influence or change control of the company.

Does Driehaus seek to influence control of Paymentus (PAY) according to this filing?

Driehaus states the Paymentus securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The filing also notes the position is not held in connection with any control-related transaction.

What voting and dispositive powers over Paymentus (PAY) shares does Driehaus report?

Driehaus reports 0 shares with sole voting or dispositive power and 2,239,138 shares with shared voting and shared dispositive power. This means authority over these shares is held jointly rather than by Driehaus alone.

Who signed the Paymentus (PAY) Schedule 13G/A for Driehaus?

The Schedule 13G/A is signed by Janet McWilliams, General Counsel of Driehaus Capital Management LLC, dated 02/17/2026. The signature certifies that the information provided regarding Paymentus share ownership is true, complete, and correct to the best of her knowledge.