Sharma Dushyant 4
Research Summary
AI-generated summary
Paymentus (PAY) 10% Owner Dushyant Sharma Withholds 27,427 Shares
What Happened
- Dushyant Sharma, a reported 10% owner of Paymentus Holdings, had 27,427 shares withheld by the issuer on 2026-02-15 to satisfy tax withholding obligations tied to the vesting of restricted stock units. The Form 4 lists the transaction price as $0.00 (disposition) and reports no cash proceeds — this was an issuer withholding, not an open‑market sale.
Key Details
- Transaction date: 2026-02-15; Form 4 filed: 2026-02-17.
- Transaction code: F (payment of exercise price or tax liability / withholding).
- Shares impacted: 27,427 shares; price reported: $0.00; total cash reported: $0.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: (F1) Issuer withheld shares to cover tax withholding on RSU vesting under the 2021 Equity Incentive Plan. (F2) Securities are held by Ashigrace LLC; Dushyant Sharma is sole manager and has sole voting and dispositive power over those securities.
Context
- This was a routine company withholding to cover taxes on vested RSUs (a common administrative action), not an open‑market sale or a new purchase. As a 10% owner, Sharma holds securities through an LLC (Ashigrace LLC), so the filing reflects beneficial ownership via that entity rather than direct personal trading.