Form 4: Paymentus Holdings Director Thomas Barnds Transfers Class B Common Stock to Living Trust

Director Thomas Barnds transferred 146,954 shares of Paymentus Holdings Class B Common Stock to the Barnds Living Trust on June 4, 2024.

Summary

• On June 4, 2024, Thomas Barnds, a director and 10% owner of Paymentus Holdings, Inc., transferred 146,954 shares of Class B Common Stock to the Barnds Living Trust.
• The transfer was made for no consideration.
• The transferred shares included 140,041 shares previously reported as indirectly owned by the trust, which were inadvertently distributed directly to Mr. Barnds.
• Mr. Barnds remains the beneficial owner of the securities held by the trust.
• Mr. Barnds also indirectly owns a significant amount of Class A Common Stock through various entities associated with Accel-KKR, including Accel-KKR Capital Partners CV III, LP (70,435,602 shares), Accel-KKR Members Fund, LLC (5,523,954 shares), Accel-KKR Growth Capital Partners III, LP (3,025,270 shares), Accel-KKR Growth Capital Partners II Strategic Fund, LP (101,395 shares), and Accel-KKR Growth Capital Partners II, LP (1,195,150 shares).

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transfer of shares. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This filing reflects routine transactions by insiders and provides transparency into their holdings. It doesn't necessarily indicate a change in the company's outlook or performance.

Stakeholder Impact

• The transfer of shares to a trust is unlikely to have a direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates