Gary Trainor - 28 May 2021 Form 4 Insider Report for Paymentus Holdings, Inc. (PAY)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PAY	Stock Option (Right to Buy)	Other	$0	-1,477,715	-100%	$0.000000^*	0	28 May 2021	Common Stock	1,477,715	$0.0300	See Explanation of Responses	F1, F2, F3
transaction	PAY	Stock Option (Right to Buy)	Other	$0	+1,477,715		$0.000000	1,477,715	28 May 2021	Class B Common Stock	1,477,715	$0.0300	See Explanation of Responses	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically reclassified into one share of Class B Common Stock immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock. Class B Common Stock is convertible at any time, at the holder's election and automatically in connection with certain transfers and upon certain other events, into an equal number of shares of Class A Common Stock and has no expiration date.
F2	The shares subject to the option are fully vested and exercisable.
F3	Represents shares held directly by TF Investment Holdings LLC. Gary Trainor is the sole manager of TF Investment Holdings LLC and has sole voting and dispositive power with respect to the shares held by TF Investment Holdings LLC.