Form 4: Director Jason Klein Boosts Paymentus Holdings Stake

Paymentus Holdings Director Jason Klein acquired 146,468 Class B Common Stock shares through a pro rata distribution from Accel-KKR affiliated funds.

Summary

• Jason Klein, a Director and 10% Owner of Paymentus Holdings, Inc. (PAY), acquired 146,468 shares of Class B Common Stock.
• The transaction occurred on September 3, 2025, as a pro rata distribution from funds affiliated with Accel-KKR.
• The acquisition was exempt from Section 16 reporting requirements pursuant to Rule 16a-9(a) under the Securities Exchange Act of 1934.
• Following this transaction, Klein beneficially owns 1,733,147 shares of Class B Common Stock indirectly.
• These shares are held by The Jason and Farah Klein Revocable Trust dtd 1/27/2011.
• Class B Common Stock is convertible at any time, at the holder's election, into an equal number of shares of Class A Common Stock and has no expiration date.

Sentiment

Score: 7

Explanation: The acquisition of additional shares by a director and 10% owner, even through a distribution, generally indicates continued confidence in the company's future, which is a positive signal for investors.

Positives

• A director and 10% owner, Jason Klein, increased his beneficial ownership in Paymentus Holdings, Inc. by 146,468 shares, signaling continued alignment with shareholder interests.
• The acquisition, while a distribution, adds to the insider's total stake, which can be viewed as a positive indicator of confidence in the company's long-term prospects.

Related Party Transactions

• Shares were received in a pro rata distribution from funds affiliated with Accel-KKR.
• The acquired shares are held indirectly by The Jason and Farah Klein Revocable Trust dtd 1/27/2011, which is a related party to the reporting person.

Stakeholder Impact

• Shareholders: Increased insider ownership by a director and 10% owner may be perceived as a positive signal of management's commitment and belief in the company's value, potentially boosting investor confidence.

Key Dates

Recommendation

The acquisition of shares by a director and 10% owner, even through a pro rata distribution rather than an open market purchase, generally signals continued confidence in the company's prospects. While not a strong 'buy' signal, it reinforces a 'hold' position for existing investors as it indicates alignment of interests and no immediate negative sentiment from a key insider.

Keywords

Paymentus Holdings, PAY, Jason Klein, Director, 10% Owner, Insider Transaction, SEC Form 4, Stock Acquisition, Class B Common Stock, Accel-KKR, Beneficial Ownership