Form 4: Paymentus Holdings Director Jason Klein Boosts Stake Through Accel-KKR Distribution

Paymentus Holdings, Inc. Director Jason Klein reported an acquisition of 146,758 shares of Class B Common Stock through a pro rata distribution from Accel-KKR affiliated funds, increasing his indirect beneficial ownership.

Summary

• Jason Klein, a Director and 10% Owner of Paymentus Holdings, Inc. (PAY), reported a change in beneficial ownership.
• On June 10, 2025, Mr. Klein acquired 146,758 shares of Class B Common Stock.
• The acquisition was a pro rata distribution from funds affiliated with Accel-KKR and was exempt under Rule 16a-9(a) of the Securities Exchange Act of 1934.
• Class B Common Stock is convertible at any time into an equal number of Class A Common Stock shares and has no expiration date.
• Following this transaction, Mr. Klein's indirect beneficial ownership stands at 1,294,141 shares, held by The Jason and Farah Klein Revocable Trust dtd 1/27/2011.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as an insider, a director and 10% owner, has increased their beneficial ownership in the company, which can be interpreted as a sign of continued confidence, even if the acquisition was via a distribution rather than a direct market purchase.

Positives

• The acquisition increases the director's beneficial ownership in Paymentus Holdings, which can be viewed as a positive signal of confidence in the company's future prospects by an insider.
• The transaction was exempt under Rule 16a-9(a), indicating a non-open market acquisition, likely part of a pre-existing arrangement.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• "/s/ Jason Klein" Signature of the reporting person.

Industry Context

This filing is a routine insider transaction report and does not provide broader industry context or trends. It reflects an individual director's equity holdings rather than company-wide strategic or financial developments.

Related Party Transactions

• The shares were received in a pro rata distribution from funds affiliated with Accel-KKR. Jason Klein's address is listed as 'C/O ACCEL-KKR', indicating a direct affiliation and thus a related party transaction.

Stakeholder Impact

• Shareholders: Increased insider ownership may be viewed positively, signaling alignment of interests between management and shareholders.
• Employees, Customers, Suppliers, Creditors: No direct impact is indicated by this specific filing.

Key Dates

Keywords

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