SCHEDULE: Paymentus Insider Boosts Stake to 33.4%

Dushyant Sharma, a key insider at Paymentus Holdings, Inc., reported beneficial ownership of 33.4% of the company's Class A Common Stock.

Summary

• Dushyant Sharma, a reporting person, beneficially owns an aggregate of 22,704,644 shares of Paymentus Holdings, Inc. Class A Common Stock.
• This ownership represents 33.4% of the total Class A Common Stock, calculated based on 45,348,953 Class A shares outstanding, 19,331,023 Class A shares issuable from Class B conversion, and 3,304,870 Class A shares issuable from stock option exercise.
• Sharma holds sole voting and dispositive power over 20,923,416 shares, which include 68,750 Class A RSUs vesting within 60 days, 1 Class A share held by Ashigrace LLC, 17,549,795 Class B shares held by Ashigrace LLC, and 3,304,870 Class B stock options exercisable within 60 days held by Ashigrace LLC.
• Sharma holds shared voting and dispositive power over 1,781,228 shares, comprising 1,152,560 Class B shares held by The Ruma Sharma Family Trust and 157,167 Class B shares each held by The Sharma Family Trusts A, B, C, and D.
• Class B common stock is convertible into an equal number of Class A common stock.
• Sharma serves as trustee for The Ruma Sharma Trust, and his spouse serves as trustee for the Sharma Family Trusts.
• Sharma disclaims beneficial ownership of shares held by the Sharma Family Trusts.
• Sharma may be deemed part of a 'group' with Accel-KKR Funds and KKR-AKI due to a Stockholders Agreement dated May 24, 2021, which would collectively beneficially own 82,958,062 shares, or 66.0% of the Issuer's outstanding Class A common stock.
• Sharma expressly disclaims membership in any such 'group' and disclaims beneficial ownership of securities solely by reason of the Agreement.

Sentiment

Score: 6

Explanation: The filing is a factual disclosure of beneficial ownership. The significant insider stake (33.4%) and potential group control (66.0%) are generally viewed positively as they align management and major investor interests with the company's performance, suggesting confidence.

Positives

• Dushyant Sharma, a key insider, holds a significant beneficial ownership stake of 33.4% in Paymentus Holdings, Inc., indicating strong alignment with shareholder interests.
• The potential for a larger 'group' beneficial ownership of 66.0% (including Accel-KKR Funds and KKR-AKI) suggests substantial control and stability from major investors.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: High insider ownership may instill confidence due to aligned interests with management and major investors.
• Management: Dushyant Sharma's significant stake reinforces his influence and commitment to the company's direction.

Key Dates

Keywords

Paymentus Holdings, Beneficial Ownership, Dushyant Sharma, Class A Common Stock, Class B Common Stock, SEC Filing, Insider Ownership, Schedule 13G, Stockholders Agreement