Gerber Andrew A. 4
4 · Paymentus Holdings, Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Paymentus (PAY) GC Andrew Gerber Withholds 1,456 Shares for Taxes
What Happened Andrew A. Gerber, General Counsel and Secretary of Paymentus Holdings, had 1,456 shares withheld on March 13, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock units. The Form 4 reports these shares as disposed at $0.00, so there were no cash proceeds from the transaction. This is a routine tax-withholding event rather than an open-market sale.
Key Details
- Transaction date: 2026-03-13 (transaction code F — payment of exercise price or tax liability via share withholding)
- Shares withheld/disposed: 1,456 shares at $0.00; total reported proceeds $0
- Filing date: 2026-03-16 (filed within SEC timing requirements for Form 4)
- Footnote: F1 — issuer withheld shares to cover tax withholding obligations on RSU vesting under the 2021 Equity Incentive Plan
- Shares owned after transaction: not specified in the provided filing excerpt
Context Share withholding to cover taxes on vested RSUs is common and is recorded as a disposition on Form 4 even though no shares were sold on the open market. Such transactions are administrative and generally should not be interpreted as an insider signaling a buy or sell preference. Transaction code F denotes tax withholding rather than a market sale.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1]2026-03-13−1,456→ 117,163 total
Footnotes (1)
- [F1]This Form 4 reports the withholding of shares by the issuer to cover tax withholding obligations in connection with the vesting of restricted stock units under the issuer's 2021 Equity Incentive Plan.