Sanjay Kalra - 06 Mar 2023 Form 4 Insider Report for Paymentus Holdings, Inc. (PAY)

Role: SVP and CFO
Signature: /s/ Andrew A. Gerber, Attorney-in-Fact
Issuer symbol: PAY
Transactions as of: 06 Mar 2023
Transactions value $: $0
Form type: 4
Filing time: 07 Mar 2023, 07:45:40 UTC
Previous filing: 15 Mar 2023
Next filing: 11 Mar 2024
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	Award	$0	+475,060		$0	475,060	06 Mar 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents an equal number of restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan. Each RSU represents the right to receive a share of the Issuer's Class A common stock on the date it vests, subject to continued service of the reporting person through the applicable vesting date. One fourth of the RSUs will vest on March 6, 2024, and one sixteenth of the RSUs will vest on a quarterly basis thereafter on each Quarterly Vesting Date beginning on August 15, 2024. Quarterly Vesting Dates with respect to any calendar year means February 15, May 15, August 15 and November 15.

Content

Represents an equal number of restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan. Each RSU represents the right to receive a share of the Issuer's Class A common stock on the date it vests, subject to continued service of the reporting person through the applicable vesting date. One fourth of the RSUs will vest on March 6, 2024, and one sixteenth of the RSUs will vest on a quarterly basis thereafter on each Quarterly Vesting Date beginning on August 15, 2024. Quarterly Vesting Dates with respect to any calendar year means February 15, May 15, August 15 and November 15.