Form 4: Director Jason Klein's Paymentus Stock Distribution

Paymentus Holdings Director Jason Klein reported an indirect acquisition of 145,709 Class B Common Stock shares via a pro rata distribution.

Summary

• Jason Klein, a Director of Paymentus Holdings, Inc. (PAY), reported a change in beneficial ownership.
• On November 17, 2025, Klein indirectly acquired 145,709 shares of Class B Common Stock.
• These shares were received in a pro rata distribution from funds affiliated with Accel-KKR.
• The acquisition was exempt pursuant to Rule 16a-9(a) under the Securities Exchange Act of 1934, as amended.
• 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.
• Following this transaction, Klein indirectly beneficially owns 2,025,407 derivative securities (Class B Common Stock convertible into Class A Common Stock).
• The shares are held by The Jason and Farah Klein Revocable Trust dtd 1/27/2011.

Sentiment

Score: 5

Explanation: The filing is a routine report of a change in beneficial ownership by an insider, specifically a distribution of shares, which does not inherently convey positive or negative sentiment regarding the company's performance or outlook.

Positives

• Increased indirect beneficial ownership by a director, which can align management interests with those of shareholders.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Industry Context

This filing is a routine insider transaction report and does not provide information for broader industry trend analysis or competitive positioning.

Related Party Transactions

• Shares were received in a pro rata distribution from funds affiliated with Accel-KKR, which could be considered a related party given the director's association.

Stakeholder Impact

• Shareholders: Minor positive impact due to increased insider ownership, potentially signaling alignment of interests.

Key Dates

Keywords

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