Form 4: Accel-KKR Distributes Paymentus Holdings Shares to Partners

Accel-KKR Holdings GP, LLC distributed Paymentus Holdings, Inc. shares to its partners in a pro rata in-kind transaction.

Summary

• Accel-KKR Holdings GP, LLC, along with several affiliated entities, filed a Form 4 detailing changes in beneficial ownership of Paymentus Holdings, Inc. shares.
• The filing indicates a pro rata in-kind distribution of Class A Common Stock from Accel-KKR to its partners.
• The transaction occurred on March 14, 2024.
• Accel-KKR Capital Partners CV III, LP distributed 927,837 shares of Class A Common Stock.
• Accel-KKR Members Fund, LLC distributed 72,163 shares of Class A Common Stock.
• Accel-KKR Growth Capital Partners III, LP holds 3,025,270 shares of Class A Common Stock.
• Accel-KKR Growth Capital Partners II Strategic Fund, LP holds 101,395 shares of Class A Common Stock.
• Accel-KKR Growth Capital Partners II, LP holds 1,195,150 shares of Class A Common Stock.
• The distribution was made without consideration.
• Accel-KKR Holdings GP, LLC, controls the voting and investment power over the shares held by the listed entities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a distribution of shares. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the ownership positions and transactions of significant shareholders and insiders.

Related Party Transactions

• The in-kind pro rata distribution from Accel-KKR to its partners constitutes a related party transaction.

Stakeholder Impact

• The distribution of shares may have a minor impact on the shareholder base of Paymentus Holdings, Inc.

Key Dates