Form 4: Paymentus Holdings General Counsel Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Andrew A. Gerber, General Counsel and Secretary of Paymentus Holdings, Inc., sold 1,575 shares of Class A Common Stock to cover tax withholding obligations.
Summary
- On May 16, 2024, Andrew A. Gerber, General Counsel and Secretary of Paymentus Holdings, Inc., sold 1,575 shares of Class A Common Stock.
- The sale was executed to cover tax withholding obligations related to the vesting and settlement of restricted stock units under the company's 2021 Equity Incentive Plan.
- The shares were sold at a weighted average price of $18.8055, with individual transactions ranging from $18.77 to $18.90.
- Following the transaction, Gerber directly owns 142,112 shares of Paymentus Holdings, Inc.
Sentiment
Score: 5
Explanation: The document reflects a neutral event (sale of shares for tax purposes) with no inherent positive or negative implications for the company's overall outlook.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes upon vesting of stock awards.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: Sale of shares by Andrew A. Gerber. |
| 05/17/2024 | Date of signature on the Form 4 filing. |
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