Form 4: Accel-KKR Distributes Paymentus Holdings Shares to Partners
SEC Filing Form 4
Accel-KKR Holdings GP, LLC reports an in-kind pro rata distribution of Paymentus Holdings, Inc. shares to its partners.
Summary
- Accel-KKR Holdings GP, LLC filed a Form 4 detailing changes in beneficial ownership of Paymentus Holdings, Inc. (PAY) stock.
- The report indicates an in-kind pro rata distribution of Class B Common Stock to its partners on August 22, 2024.
- The distribution involved 155,574 shares of Class B Common Stock being converted into Class A Common Stock.
- Following the transaction, Accel-KKR Capital Partners CV III, LP holds 68,579,929 shares of Class B Common Stock indirectly.
- Accel-KKR Members Fund, LLC holds 5,379,627 shares of Class B Common Stock indirectly.
- Accel-KKR Growth Capital Partners III, LP holds 3,025,270 shares of Class B Common Stock indirectly.
- Accel-KKR Growth Capital Partners II Strategic Fund, LP holds 101,395 shares of Class B Common Stock indirectly.
- Accel-KKR Growth Capital Partners II, LP holds 1,195,150 shares of Class B Common Stock indirectly.
- Accel-KKR Holdings GP, LLC, controls the voting and investment power over these shares.
- The filing also clarifies the relationships between various Accel-KKR entities and their respective general partners and managing members.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a distribution of shares. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice when significant changes in ownership occur for company insiders and large shareholders, providing transparency to the market.
Related Party Transactions
- The in-kind pro rata distribution from Accel-KKR to its partners is a related party transaction.
Stakeholder Impact
- The distribution of shares could potentially impact the trading volume and price of Paymentus Holdings, Inc. stock, affecting shareholders.
- The distribution does not appear to have any immediate impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 08/22/2024 | Date of the in-kind pro rata distribution of shares. |
| 08/26/2024 | Date of signature for the Form 4 filings. |
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