[SCHEDULE 13G/A] Paymentus Holdings, Inc. SEC Filing
Dushyant Sharma reports beneficial ownership of 22,704,644 shares of Paymentus (PAY), representing 33.4% of the Class A common stock on a fully-diluted basis as calculated in the filing. The aggregate includes 68,750 Class A shares underlying restricted stock units expected to vest within 60 days, 1 Class A share held by Ashigrace LLC, 17,549,795 Class B shares held by Ashigrace and 3,304,870 stock options held by Ashigrace exercisable within 60 days.
The filing discloses additional shared voting and dispositive power from the Ruma Sharma Trust (1,152,560 Class B shares) and four Sharma Family Trusts (each holding 157,167 Class B shares). The reported percentage is based on 45,348,953 Class A shares outstanding as of July 31, 2025, plus 19,331,023 shares issuable on conversion of Class B shares and 3,304,870 issuable upon exercise of options. The filing also notes a Stockholders Agreement involving AKKR Funds and KKR-AKI and states that, if treated as a group under Rule 13d-3, the Investor Parties would beneficially own 82,958,062 shares (66.0%), though Mr. Sharma disclaims membership in that group and disclaims beneficial ownership of shares held by the Sharma Family Trusts.
Dushyant Sharma dichiara la titolarità beneficiaria di 22,704,644 azioni di Paymentus (PAY), pari al 33,4% delle azioni ordinarie di Classe A su base totalmente diluita, come calcolato nel deposito. L'aggregato comprende 68,750 azioni di Classe A sottostanti restricted stock unit che dovrebbero maturare entro 60 giorni, 1 azione di Classe A detenuta da Ashigrace LLC, 17,549,795 azioni di Classe B detenute da Ashigrace e 3,304,870 opzioni su azioni detenute da Ashigrace esercitabili entro 60 giorni.
Il deposito segnala inoltre poteri congiunti di voto e di disposizione derivanti dal Ruma Sharma Trust (1,152,560 azioni di Classe B) e da quattro Sharma Family Trusts (ciascuno con 157,167 azioni di Classe B). La percentuale riportata si basa su 45,348,953 azioni di Classe A in circolazione al 31 luglio 2025, più 19,331,023 azioni emettibili a seguito della conversione delle azioni di Classe B e 3,304,870 emettibili all'esercizio delle opzioni. Il documento menziona inoltre un Stockholders Agreement che coinvolge AKKR Funds e KKR-AKI e afferma che, se trattate come un gruppo ai sensi della Regola 13d-3, le Parti Investitrici beneficamente possederebbero 82,958,062 azioni (66,0%), sebbene il signor Sharma neghi di essere membro di quel gruppo e disconosca la titolarità beneficiaria delle azioni detenute dai Sharma Family Trusts.
Dushyant Sharma declara la propiedad beneficiaria de 22,704,644 acciones de Paymentus (PAY), equivalentes al 33,4% de las acciones ordinarias Clase A en base totalmente diluida según se calcula en la presentación. El total incluye 68,750 acciones Clase A subyacentes a unidades de acciones restringidas que se espera que se consoliden en 60 días, 1 acción Clase A en poder de Ashigrace LLC, 17,549,795 acciones Clase B en poder de Ashigrace y 3,304,870 opciones sobre acciones de Ashigrace ejercitables en 60 días.
La presentación también revela poderes conjuntos de voto y disposición procedentes del Ruma Sharma Trust (1,152,560 acciones Clase B) y de cuatro Sharma Family Trusts (cada uno con 157,167 acciones Clase B). El porcentaje informado se basa en 45,348,953 acciones Clase A en circulación a fecha del 31 de julio de 2025, más 19,331,023 acciones que pueden emitirse por conversión de las acciones Clase B y 3,304,870 que pueden emitirse al ejercer opciones. El documento también señala un Stockholders Agreement que involucra a AKKR Funds y KKR-AKI y afirma que, si se les tratara como un grupo según la Regla 13d-3, las Partes Inversoras poseerían beneficiariamente 82,958,062 acciones (66,0%), aunque el señor Sharma niega ser miembro de ese grupo y renuncia a la propiedad beneficiaria de las acciones en poder de los Sharma Family Trusts.
Dushyant Sharma는 Paymentus(PAY) 주식 22,704,644주에 대한 실소유권(beneficial ownership)을 신고했으며, 이는 제출서류에서 계산한 바에 따라 완전희석 기준으로 클래스 A 보통주 중 33.4%에 해당합니다. 총계에는 60일 이내에 취득될 예정인 제한주식단위에 해당하는 클래스 A 68,750주, Ashigrace LLC가 보유한 클래스 A 1주, Ashigrace가 보유한 클래스 B 17,549,795주, 그리고 Ashigrace가 보유하고 60일 이내에 행사 가능한 주식옵션 3,304,870주가 포함됩니다.
신고서는 또한 Ruma Sharma Trust에서의 공동 의결권 및 처분권(1,152,560 클래스 B주)과 네 개의 Sharma Family Trust(각각 157,167 클래스 B주)로부터의 추가적인 공동 권한을 공개합니다. 보고된 비율은 2025년 7월 31일 기준으로 유통 중인 클래스 A 45,348,953주에, 클래스 B의 전환으로 발행 가능한 19,331,023주와 옵션 행사로 발행 가능한 3,304,870주를 더한 것을 기준으로 산정되었습니다. 또한 신고서는 AKKR Funds와 KKR-AKI가 관련된 주주계약(Stockholders Agreement)을 언급하며, 규칙 13d-3에 따라 그룹으로 간주될 경우 투자자 측이 실소유하게 되는 주식은 82,958,062주(66.0%)가 될 것이라고 명시하나, Sharma 씨는 해당 그룹의 구성원임을 부인하며 Sharma Family Trusts가 보유한 주식에 대한 실소유권을 부인하고 있습니다.
Dushyant Sharma déclare être le bénéficiaire effectif de 22,704,644 actions de Paymentus (PAY), représentant 33,4% des actions ordinaires de classe A sur une base totalement diluée, selon le calcul figurant dans le dépôt. Le total comprend 68,750 actions de classe A sous-jacentes à des restricted stock units devant être acquises dans les 60 jours, 1 action de classe A détenue par Ashigrace LLC, 17,549,795 actions de classe B détenues par Ashigrace et 3,304,870 options sur actions détenues par Ashigrace exerçables dans les 60 jours.
Le dépôt divulgue également des droits de vote et de disposition partagés provenant du Ruma Sharma Trust (1,152,560 actions de classe B) et de quatre Sharma Family Trusts (chacun détenant 157,167 actions de classe B). Le pourcentage rapporté se fonde sur 45,348,953 actions de classe A en circulation au 31 juillet 2025, plus 19,331,023 actions susceptibles d’être émises lors de la conversion des actions de classe B et 3,304,870 susceptibles d’être émises à l’exercice des options. Le dépôt note également un Stockholders Agreement impliquant AKKR Funds et KKR‑AKI et indique que, si elles étaient traitées comme un groupe en vertu de la Règle 13d‑3, les Parties Investisseuses détiendraient bénéficiairement 82,958,062 actions (66,0%), bien que M. Sharma nie être membre de ce groupe et rejette la qualité de bénéficiaire effectif des actions détenues par les Sharma Family Trusts.
Dushyant Sharma gibt an, wirtschaftlicher Eigentümer von 22,704,644 Aktien von Paymentus (PAY) zu sein, was nach der in der Einreichung vorgenommenen Berechnung 33,4% der Class‑A‑Stammaktien auf vollständig verwässerter Basis entspricht. Die Summe umfasst 68,750 Class‑A‑Aktien, die zugrundeliegenden Restricted Stock Units entsprechen und voraussichtlich innerhalb von 60 Tagen werden zufließen, 1 Class‑A‑Aktie, die von Ashigrace LLC gehalten wird, 17,549,795 Class‑B‑Aktien, die von Ashigrace gehalten werden, sowie 3,304,870 Aktienoptionen von Ashigrace, die innerhalb von 60 Tagen ausübbar sind.
Die Einreichung offenbart außerdem gemeinsame Stimm‑ und Verfügungsrechte aus dem Ruma Sharma Trust (1,152,560 Class‑B‑Aktien) und vier Sharma Family Trusts (jeweils 157,167 Class‑B‑Aktien). Der gemeldete Prozentsatz basiert auf 45,348,953 im Umlauf befindlichen Class‑A‑Aktien zum 31. Juli 2025 zuzüglich 19,331,023 Aktien, die bei Umwandlung von Class‑B‑Aktien auszugeben wären, und 3,304,870 Aktien, die bei Ausübung von Optionen auszugeben wären. Die Einreichung weist außerdem auf ein Stockholders Agreement hin, an dem AKKR Funds und KKR‑AKI beteiligt sind, und stellt fest, dass die Investor‑Parteien, würden sie nach Regel 13d‑3 als Gruppe behandelt, wirtschaftlich 82,958,062 Aktien (66,0%) halten würden; Herr Sharma bestreitet jedoch die Mitgliedschaft in jener Gruppe und verneint die wirtschaftliche Eigentümerschaft an den von den Sharma Family Trusts gehaltenen Aktien.
- Full, itemized disclosure of beneficial ownership totaling 22,704,644 shares and the components used to calculate the ownership percentage
- Near-term vesting and exercisable instruments are identified, including 68,750 RSU-derived Class A shares and 3,304,870 options exercisable within 60 days, improving transparency
- Filing cites the exact basis for the percentage calculation (45,348,953 Class A outstanding; 19,331,023 issuable on conversion; 3,304,870 issuable on exercise)
- Filing discloses that a Stockholders Agreement could create a putative group that would beneficially own 82,958,062 shares (66.0%), though Mr. Sharma disclaims group membership
- Significant number of shares are issuable upon conversion or exercise (19,331,023 convertible Class B shares and 3,304,870 option shares included in the calculation), which materially affects the fully-diluted ownership picture
Insights
TL;DR: Large, clearly disclosed ownership stake (33.4%) with convertible Class B shares and exercisable options concentrated among related entities.
The filing provides a detailed ownership breakdown showing Mr. Sharma's beneficial ownership totals 22,704,644 shares (33.4%). Key components include vested and near-vesting instruments: 68,750 RSU-derived Class A shares and 3,304,870 options exercisable within 60 days (held by Ashigrace), plus substantial Class B holdings convertible into Class A. The report cites the basis for the percentage calculation (45,348,953 Class A outstanding as of July 31, 2025, plus 19,331,023 convertibles and 3,304,870 option shares), which is important for assessing dilution and control. This is a material disclosure for investor ownership and governance analysis.
TL;DR: Detailed disclosure highlights governance implications: Stockholders Agreement and potential group control are disclosed, but Sharma disclaims group membership.
The Schedule 13G/A discloses the Stockholders Agreement that coordinates voting among the Investor Parties and states that, if aggregated under Rule 13d-3, the group would beneficially own 82,958,062 shares (66.0%) of Class A on a specified basis. The filing also clarifies trustee roles and disclaimers of beneficial ownership with respect to the Sharma Family Trusts. These items are material to board composition and voting control considerations and should be reviewed by investors and governance analysts for potential influence on corporate decision-making.
Dushyant Sharma dichiara la titolarità beneficiaria di 22,704,644 azioni di Paymentus (PAY), pari al 33,4% delle azioni ordinarie di Classe A su base totalmente diluita, come calcolato nel deposito. L'aggregato comprende 68,750 azioni di Classe A sottostanti restricted stock unit che dovrebbero maturare entro 60 giorni, 1 azione di Classe A detenuta da Ashigrace LLC, 17,549,795 azioni di Classe B detenute da Ashigrace e 3,304,870 opzioni su azioni detenute da Ashigrace esercitabili entro 60 giorni.
Il deposito segnala inoltre poteri congiunti di voto e di disposizione derivanti dal Ruma Sharma Trust (1,152,560 azioni di Classe B) e da quattro Sharma Family Trusts (ciascuno con 157,167 azioni di Classe B). La percentuale riportata si basa su 45,348,953 azioni di Classe A in circolazione al 31 luglio 2025, più 19,331,023 azioni emettibili a seguito della conversione delle azioni di Classe B e 3,304,870 emettibili all'esercizio delle opzioni. Il documento menziona inoltre un Stockholders Agreement che coinvolge AKKR Funds e KKR-AKI e afferma che, se trattate come un gruppo ai sensi della Regola 13d-3, le Parti Investitrici beneficamente possederebbero 82,958,062 azioni (66,0%), sebbene il signor Sharma neghi di essere membro di quel gruppo e disconosca la titolarità beneficiaria delle azioni detenute dai Sharma Family Trusts.
Dushyant Sharma declara la propiedad beneficiaria de 22,704,644 acciones de Paymentus (PAY), equivalentes al 33,4% de las acciones ordinarias Clase A en base totalmente diluida según se calcula en la presentación. El total incluye 68,750 acciones Clase A subyacentes a unidades de acciones restringidas que se espera que se consoliden en 60 días, 1 acción Clase A en poder de Ashigrace LLC, 17,549,795 acciones Clase B en poder de Ashigrace y 3,304,870 opciones sobre acciones de Ashigrace ejercitables en 60 días.
La presentación también revela poderes conjuntos de voto y disposición procedentes del Ruma Sharma Trust (1,152,560 acciones Clase B) y de cuatro Sharma Family Trusts (cada uno con 157,167 acciones Clase B). El porcentaje informado se basa en 45,348,953 acciones Clase A en circulación a fecha del 31 de julio de 2025, más 19,331,023 acciones que pueden emitirse por conversión de las acciones Clase B y 3,304,870 que pueden emitirse al ejercer opciones. El documento también señala un Stockholders Agreement que involucra a AKKR Funds y KKR-AKI y afirma que, si se les tratara como un grupo según la Regla 13d-3, las Partes Inversoras poseerían beneficiariamente 82,958,062 acciones (66,0%), aunque el señor Sharma niega ser miembro de ese grupo y renuncia a la propiedad beneficiaria de las acciones en poder de los Sharma Family Trusts.
Dushyant Sharma는 Paymentus(PAY) 주식 22,704,644주에 대한 실소유권(beneficial ownership)을 신고했으며, 이는 제출서류에서 계산한 바에 따라 완전희석 기준으로 클래스 A 보통주 중 33.4%에 해당합니다. 총계에는 60일 이내에 취득될 예정인 제한주식단위에 해당하는 클래스 A 68,750주, Ashigrace LLC가 보유한 클래스 A 1주, Ashigrace가 보유한 클래스 B 17,549,795주, 그리고 Ashigrace가 보유하고 60일 이내에 행사 가능한 주식옵션 3,304,870주가 포함됩니다.
신고서는 또한 Ruma Sharma Trust에서의 공동 의결권 및 처분권(1,152,560 클래스 B주)과 네 개의 Sharma Family Trust(각각 157,167 클래스 B주)로부터의 추가적인 공동 권한을 공개합니다. 보고된 비율은 2025년 7월 31일 기준으로 유통 중인 클래스 A 45,348,953주에, 클래스 B의 전환으로 발행 가능한 19,331,023주와 옵션 행사로 발행 가능한 3,304,870주를 더한 것을 기준으로 산정되었습니다. 또한 신고서는 AKKR Funds와 KKR-AKI가 관련된 주주계약(Stockholders Agreement)을 언급하며, 규칙 13d-3에 따라 그룹으로 간주될 경우 투자자 측이 실소유하게 되는 주식은 82,958,062주(66.0%)가 될 것이라고 명시하나, Sharma 씨는 해당 그룹의 구성원임을 부인하며 Sharma Family Trusts가 보유한 주식에 대한 실소유권을 부인하고 있습니다.
Dushyant Sharma déclare être le bénéficiaire effectif de 22,704,644 actions de Paymentus (PAY), représentant 33,4% des actions ordinaires de classe A sur une base totalement diluée, selon le calcul figurant dans le dépôt. Le total comprend 68,750 actions de classe A sous-jacentes à des restricted stock units devant être acquises dans les 60 jours, 1 action de classe A détenue par Ashigrace LLC, 17,549,795 actions de classe B détenues par Ashigrace et 3,304,870 options sur actions détenues par Ashigrace exerçables dans les 60 jours.
Le dépôt divulgue également des droits de vote et de disposition partagés provenant du Ruma Sharma Trust (1,152,560 actions de classe B) et de quatre Sharma Family Trusts (chacun détenant 157,167 actions de classe B). Le pourcentage rapporté se fonde sur 45,348,953 actions de classe A en circulation au 31 juillet 2025, plus 19,331,023 actions susceptibles d’être émises lors de la conversion des actions de classe B et 3,304,870 susceptibles d’être émises à l’exercice des options. Le dépôt note également un Stockholders Agreement impliquant AKKR Funds et KKR‑AKI et indique que, si elles étaient traitées comme un groupe en vertu de la Règle 13d‑3, les Parties Investisseuses détiendraient bénéficiairement 82,958,062 actions (66,0%), bien que M. Sharma nie être membre de ce groupe et rejette la qualité de bénéficiaire effectif des actions détenues par les Sharma Family Trusts.
Dushyant Sharma gibt an, wirtschaftlicher Eigentümer von 22,704,644 Aktien von Paymentus (PAY) zu sein, was nach der in der Einreichung vorgenommenen Berechnung 33,4% der Class‑A‑Stammaktien auf vollständig verwässerter Basis entspricht. Die Summe umfasst 68,750 Class‑A‑Aktien, die zugrundeliegenden Restricted Stock Units entsprechen und voraussichtlich innerhalb von 60 Tagen werden zufließen, 1 Class‑A‑Aktie, die von Ashigrace LLC gehalten wird, 17,549,795 Class‑B‑Aktien, die von Ashigrace gehalten werden, sowie 3,304,870 Aktienoptionen von Ashigrace, die innerhalb von 60 Tagen ausübbar sind.
Die Einreichung offenbart außerdem gemeinsame Stimm‑ und Verfügungsrechte aus dem Ruma Sharma Trust (1,152,560 Class‑B‑Aktien) und vier Sharma Family Trusts (jeweils 157,167 Class‑B‑Aktien). Der gemeldete Prozentsatz basiert auf 45,348,953 im Umlauf befindlichen Class‑A‑Aktien zum 31. Juli 2025 zuzüglich 19,331,023 Aktien, die bei Umwandlung von Class‑B‑Aktien auszugeben wären, und 3,304,870 Aktien, die bei Ausübung von Optionen auszugeben wären. Die Einreichung weist außerdem auf ein Stockholders Agreement hin, an dem AKKR Funds und KKR‑AKI beteiligt sind, und stellt fest, dass die Investor‑Parteien, würden sie nach Regel 13d‑3 als Gruppe behandelt, wirtschaftlich 82,958,062 Aktien (66,0%) halten würden; Herr Sharma bestreitet jedoch die Mitgliedschaft in jener Gruppe und verneint die wirtschaftliche Eigentümerschaft an den von den Sharma Family Trusts gehaltenen Aktien.
FAQ
How many Paymentus (PAY) shares does Dushyant Sharma beneficially own?
What components make up Mr. Sharma's reported ownership in PAY?
Does the filing disclose any voting arrangements affecting control of Paymentus?
Could the Investor Parties control a majority of Paymentus shares?
What dates and timeframes are relevant in this Schedule 13G/A filing for PAY?
