Gary Trainor - 24 Feb 2022 Form 4 Insider Report for Paymentus Holdings, Inc. (PAY)

Role
Director
Signature
/s/ Andrew Gerber, Attorney-in-Fact
Issuer symbol
PAY
Transactions as of
24 Feb 2022
Transactions value $
$0
Form type
4
Filing time
25 Feb 2022, 15:40:46 UTC
Previous filing
05 Jan 2022
Next filing
10 Jun 2022
SEC
View on sec.gov

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 +100K $0.00 100K 24 Feb 2022 See Explanation of Responses F1, F2

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 -100K -7.75% $0.00 1.19M 24 Feb 2022 Class B Common Stock 100K $0.03 See Explanation of Responses F2, F3, F4
transaction PAY Class B Common Stock Options Exercise $0 +100K $0.00 100K 24 Feb 2022 Class A Common Stock 100K See Explanation of Responses F2, F4
transaction PAY Class B Common Stock Conversion of derivative security $0 -100K -100% $0.00* 0 24 Feb 2022 Class A Common Stock 100K See Explanation of Responses F2, F4
* 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 shares subject to the option are fully vested and exercisable.
F4 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.

Remarks:

Exhibit 24 - Power of Attorney