Form 4: Thomas Barnds Reports Changes in Beneficial Ownership of Paymentus Holdings, Inc. (PAY)

Thomas Barnds, a director of Paymentus Holdings, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock due to pro rata distributions.

Summary

• On September 11, 2024, Thomas Barnds filed a Form 4 with the SEC reporting changes in his beneficial ownership of Paymentus Holdings, Inc. (PAY) stock.
• The reported transactions involve Class A and Class B Common Stock.
• The changes are primarily due to in-kind pro rata distributions from holding entities to their partners, without consideration.
• Barnds directly owns 43 shares of Class B Common Stock.
• He also indirectly owns shares through various Accel-KKR entities, including Accel-KKR Capital Partners CV III, LP (67,652,092 shares of Class A Common Stock), Accel-KKR Members Fund, LLC (5,307,464 shares of Class A Common Stock), Acel-KKR Growth Capital Partners III, LP (3,025,270 shares of Class A Common Stock), Accel-KKR Growth Capital Partners II Strategic Fund, LP (101,395 shares of Class A Common Stock), and Accel-KKR Growth Capital Partners II, LP (1,195,150 shares of Class A Common Stock).
• 563,594 shares of Class A Common Stock are held by the Barnds Living Trust dtd 6/23/2003.
• Accel-KKR Holdings GP, LLC has voting and investment power over the shares owned by the Accel-KKR entities, with decision-making controlled by Mr. Palumbo and Mr. Barnds.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Key Dates