Form 4: Paymentus Director Adam Malinowski Increases Stake Through Accel-KKR Distribution

Paymentus Holdings, Inc. Director Adam Malinowski acquired 13,313 shares of Class B Common Stock through a pro rata distribution from Accel-KKR affiliated funds.

Summary

• Adam Malinowski, a Director of Paymentus Holdings, Inc. (PAY), acquired 13,313 shares of Class B Common Stock.
• The transaction occurred on June 10, 2025.
• The shares were received as part of a pro rata distribution from funds affiliated with Accel-KKR.
• This acquisition was exempt from reporting under Rule 16a-9(a) of the Securities Exchange Act of 1934, as amended.
• Following this transaction, Mr. Malinowski beneficially owns 121,792 shares of Class B Common Stock.
• Class B Common Stock is convertible at any time, at the holder's election, and automatically upon certain transfers and events, 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, even through a distribution, indicates continued alignment of interests with shareholders and confidence in the company's long-term prospects.

Positives

• The acquisition of additional shares by a director, even through a distribution, indicates continued alignment of interests with shareholders.
• The transaction was exempt under Rule 16a-9(a), suggesting it was a non-open market transaction, often related to corporate restructuring or distributions from investment vehicles, which are typically not viewed negatively.

Industry Context

This filing is a routine insider transaction report for Paymentus Holdings, Inc., a company operating in the payment processing industry. It reflects a change in a director's beneficial ownership rather than a broader industry trend or competitive development.

Related Party Transactions

• Shares were received in a pro rata distribution from funds affiliated with Accel-KKR, which may represent a related party transaction depending on the nature of the affiliation.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive signal of continued insider confidence in the company's performance and future.

Key Dates

Recommendation

Keywords

Paymentus Holdings, PAY, Adam Malinowski, Director, Form 4, Beneficial Ownership, Class B Common Stock, Accel-KKR, Insider Transaction, Equity Distribution