Kalra Sanjay 4

What Happened
Sanjay Kalra, SVP and Chief Financial Officer of Paymentus (PAY), had 19,494 shares disposed/withheld by the issuer on May 15, 2026 to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The Form 4 reports a per-share price of $0 and total reported proceeds of $0 — this was a share withholding for taxes, not an open-market sale.

Key Details

• Transaction date: 2026-05-15 (reported on Form 4 filed 2026-05-18). Filing appears timely.
• Transaction type/code: Share withholding to cover tax obligations (footnote code F).
• Shares withheld/disposed: 19,494 shares. Reported price: $0; reported proceeds: $0.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 — issuer withheld shares to cover tax withholding obligations in connection with RSU vesting under the 2021 Equity Incentive Plan.

Context
This was a routine tax-withholding transaction on vested RSUs (a non-market disposal to the company) rather than a discretionary sale or purchase. Such withholdings reduce reported share count held by the insider but do not necessarily indicate a change in the insider’s view of the company.