Form 4: Paymentus Officer's Stock Transaction for Tax Obligations

Paymentus Holdings' Chief Commercial Officer, Gerasimos Portocalis, reported a disposition of shares to cover tax withholding related to restricted stock unit vesting.

Summary

• Gerasimos (Jerry) Portocalis, Chief Commercial Officer of Paymentus Holdings, Inc. (PAY), reported a transaction on November 15, 2025.
• The transaction involved the disposition of 4,356 shares of Class A Common Stock.
• These shares were withheld by the issuer to cover tax obligations associated with the vesting of restricted stock units under the company's 2021 Equity Incentive Plan.
• The reported price for this disposition was $0.
• Following this transaction, Mr. Portocalis directly beneficially owns 622,674 shares of Class A Common Stock.
• Additionally, 47,619 shares are indirectly beneficially owned through the Faliron Family Limited Partnership Ltd., where Mr. Portocalis holds sole voting and investment power over the general partner.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine insider transaction for tax withholding purposes related to RSU vesting, which is a common occurrence and does not reflect a discretionary sale or purchase.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction related to equity compensation and tax obligations, which is common across all industries for executives receiving restricted stock units.

Key Dates

Keywords

Paymentus Holdings, PAY, Gerasimos Portocalis, Chief Commercial Officer, Form 4, insider transaction, stock disposition, tax withholding, restricted stock units, RSU vesting, equity incentive plan