Michael J. Gordon - 22 Feb 2023 Form 4 Insider Report for Paya Holdings Inc. (PAYA)

Role
Director
Signature
/s/ Glenn Renzulli, by Power of Attorney
Issuer symbol
PAYA
Transactions as of
22 Feb 2023
Transactions value $
-$174,389
Form type
4
Filing time
24 Feb 2023, 18:28:57 UTC
Previous filing
03 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYA Common Stock Disposition pursuant to a tender of shares in a change of control transaction -$174,388 -17,886 -100% $9.75 0 22 Feb 2023 Direct F1
transaction PAYA Common Stock Disposed to Issuer -28,583 -100% 0 22 Feb 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Michael J. Gordon is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger, dated as of January 8, 2023, by and among Paya Holdings Inc., Nuvei Corporation, a corporation incorporated pursuant to the laws of Canada and Pinnacle Merger Sub, Inc.
F2 Each of the Issuer's RSU outstanding and vested as of immediately prior to the Effective Time, was cancelled and converted into the right to receive a lump sum cash payment. Any RSUs that were outstanding and unvested as of immediately prior to the Effective Time were converted into a restricted stock unit award.