Form 4: Paymentus Director Jody Davids Sells Shares to Cover Tax Obligations

Director Jody Davids sold shares of Paymentus Holdings, Inc. to cover tax withholding obligations related to the vesting and settlement of restricted stock units.

Summary

• On March 12, 2025, Jody Davids, a director of Paymentus Holdings, Inc., sold a total of 14,000 shares of Class A Common Stock.
• The sales were executed in multiple transactions at weighted average prices of $28.6655, $29.8893, and $30.6778.
• These sales were made to cover tax withholding obligations associated with the vesting and settlement of restricted stock units under the company's 2021 Equity Incentive Plan.
• Following the reported transactions, Davids directly owns 31,752 shares of Paymentus Holdings, Inc.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (selling shares to cover tax obligations), so the sentiment is neutral.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives and directors.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates