Form 4: Paymentus Holdings SVP and CFO Sanjay Kalra Sells Shares to Cover Tax Obligations

Sanjay Kalra, SVP and CFO of Paymentus Holdings, sold 15,835 shares of Class A Common Stock on August 16, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On August 16, 2024, Sanjay Kalra, the SVP and CFO of Paymentus Holdings, Inc., sold 15,835 shares of Class A Common Stock.
• The shares were sold at a weighted average price of $23.4259, with individual transactions ranging from $23.35 to $23.57.
• The sale was executed to cover tax withholding obligations associated with the vesting and settlement of restricted stock units under Paymentus Holdings' 2021 Equity Incentive Plan.
• Following the transaction, Kalra directly owns 497,483 shares of Paymentus Holdings, Inc.

Sentiment

Score: 5

Explanation: The document reports a routine stock sale to cover tax obligations, which is a neutral event. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and do not necessarily indicate a negative outlook on the company's future.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on other stakeholders.

Key Dates