Gary Trainor - 29 Nov 2021 Form 4 Insider Report for Paymentus Holdings, Inc. (PAY)

Role
Director
Signature
/s/ Matt Parson, Attorney-in-Fact
Issuer symbol
PAY
Transactions as of
29 Nov 2021
Net transactions value
-$416,403
Form type
4
Filing time
01 Dec 2021, 16:33:30 UTC
Previous filing
28 May 2021
Next filing
03 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAY Class A Common Stock Conversion of derivative security $0 +6,082 $0.000000 6,082 29 Nov 2021 See Explanation of Responses F1, F2
transaction PAY Class A Common Stock Sale $169,384 -6,082 -100% $27.85 0 29 Nov 2021 See Explanation of Responses F2, F3, F4
transaction PAY Class A Common Stock Conversion of derivative security $0 +1,268 $0.000000 1,268 29 Nov 2021 See Explanation of Responses F1, F2
transaction PAY Class A Common Stock Sale $36,062 -1,268 -100% $28.44 0 29 Nov 2021 See Explanation of Responses F2, F3, F5
transaction PAY Class A Common Stock Conversion of derivative security $0 +5,236 $0.000000 5,236 30 Nov 2021 See Explanation of Responses F1, F2
transaction PAY Class A Common Stock Sale $148,912 -5,236 -100% $28.44 0 30 Nov 2021 See Explanation of Responses F2, F3, F6
transaction PAY Class A Common Stock Conversion of derivative security $0 +2,114 $0.000000 2,114 30 Nov 2021 See Explanation of Responses F1, F2
transaction PAY Class A Common Stock Sale $62,046 -2,114 -100% $29.35 0 30 Nov 2021 See Explanation of Responses F2, F3, F7

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) Options Exercise $0 -7,350 -0.5% $0.000000 1,470,365 29 Nov 2021 Class B Common Stock 7,350 $0.0300 See Explanation of Responses F2, F8, F9
transaction PAY Class B Common Stock Options Exercise $0 +7,350 $0.000000 7,350 29 Nov 2021 Class A Common Stock 7,350 See Explanation of Responses F2, F9
transaction PAY Class B Common Stock Conversion of derivative security $0 -7,350 -100% $0.000000* 0 29 Nov 2021 Class A Common Stock 7,350 See Explanation of Responses F2, F9
transaction PAY Stock Option (Right to Buy) Options Exercise $0 -7,350 -0.5% $0.000000 1,463,015 30 Nov 2021 Class B Common Stock 7,350 $0.0300 See Explanation of Responses F2, F8, F9
transaction PAY Class B Common Stock Options Exercise $0 +7,350 $0.000000 7,350 30 Nov 2021 Class A Common Stock 7,350 See Explanation of Responses F2, F9
transaction PAY Class B Common Stock Conversion of derivative security $0 -7,350 -100% $0.000000* 0 30 Nov 2021 Class A Common Stock 7,350 See Explanation of Responses F2, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion of Class B Common Stock into Class A Common Stock held of record by TF Investment Holdings LLC.
F2 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.
F3 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by TF Investment Holdings LLC on September 15, 2021.
F4 The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $27.26 to $28.195, inclusive. The reporting person undertakes to provide to Paymentus Holdings, Inc., any security holder of Paymentus Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F5 The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $28.27 to $28.63, inclusive. The reporting person undertakes to provide to Paymentus Holdings, Inc., any security holder of Paymentus Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F6 The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $27.96 to $28.95, inclusive. The reporting person undertakes to provide to Paymentus Holdings, Inc., any security holder of Paymentus Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F7 The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $29.00 to $29.77, inclusive. The reporting person undertakes to provide to Paymentus Holdings, Inc., any security holder of Paymentus Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F8 The shares subject to the option are fully vested and exercisable.
F9 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.