Form 4: Paymentus Holdings Director Jason Klein Reports Acquisition of Over 147,000 Class B Shares

Paymentus Holdings, Inc. Director and 10% owner Jason Klein reported the acquisition of 147,113 shares of Class B Common Stock through a pro rata distribution from affiliated funds.

Summary

• Jason Klein, a Director and 10% owner of Paymentus Holdings, Inc. (PAY), reported a change in beneficial ownership.
• On June 2, 2025, Mr. Klein acquired 147,113 shares of Class B Common Stock.
• The shares were received at a price of $0, as part of a pro rata distribution from funds affiliated with Accel-KKR.
• This acquisition was exempt from Section 16(b) liability pursuant to Rule 16a-9(a) under the Securities Exchange Act of 1934.
• Following this transaction, Mr. Klein beneficially owns a total of 1,147,383 shares of Class B Common Stock indirectly through The Jason and Farah Klein Revocable Trust dtd 1/27/2011.
• Class B Common Stock is convertible at any time into an equal number of shares of Class A Common Stock and has no expiration date.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a standard regulatory filing reporting an insider ownership change, specifically a distribution, which is a routine event and not indicative of positive or negative operational performance or strategic shifts.

Positives

• The acquisition of 147,113 shares by a director and 10% owner increases insider ownership, which can be viewed positively by investors as it aligns management's interests with shareholders.
• The transaction was a pro rata distribution, indicating a structured transfer of ownership rather than a market purchase, which is a common occurrence for private equity-backed companies transitioning to public markets.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future financial performance or strategic outlook.

Industry Context

This Form 4 filing is a routine disclosure of an insider's change in beneficial ownership and does not provide broader industry context or trends. It reflects a specific ownership adjustment for a director who is also a significant shareholder, likely stemming from prior private equity affiliations.

Related Party Transactions

• The shares were received in a pro rata distribution from funds affiliated with Accel-KKR, which is a related party given Mr. Klein's association and the funds' prior investment in Paymentus.

Stakeholder Impact

• Shareholders: Increased insider ownership may be viewed as a positive signal of alignment between management and shareholder interests, though the transaction was a distribution rather than a direct market purchase.

Key Dates

Keywords

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