Paymentus Holdings, Inc.·4

Mar 16, 4:44 PM ET

Portocalis Gerasimos (Jerry) 4

Research Summary

AI-generated summary

Updated

Paymentus (PAY) CCO Jerry Portocalis Withholds 4,644 Shares for Taxes

What Happened

  • Jerry Portocalis, Chief Commercial Officer of Paymentus Holdings, had 4,644 shares withheld by the company on 2026-03-13 to cover tax withholding related to the vesting of restricted stock units (RSUs). The Form 4 reports the withholding as a disposal with an indicated value of $0 (code F — tax withholding).

Key Details

  • Transaction date: 2026-03-13; Filing date: 2026-03-16 (timely file).
  • Transaction type/code: Tax withholding on vested RSUs (code F).
  • Shares withheld/disposed: 4,644 shares; reported price/value on Form 4: $0.00.
  • Shares owned after transaction: Not specified in the provided excerpt of the filing.
  • Footnotes:
    • F1: Shares were withheld by the issuer to cover tax withholding obligations in connection with RSU vesting under the 2021 Equity Incentive Plan.
    • F2: Some holdings are of record by the Faliron Family Limited Partnership Ltd.; the reporting person has sole voting and investment power with respect to the general partner.

Context

  • This was a routine tax-withholding transaction tied to RSU vesting, not an open-market sale or purchase. Such withholdings are administrative and generally do not signal a change in insider sentiment. Transaction code F indicates shares were surrendered/withheld to satisfy tax obligations rather than sold for cash.