Barnds Thomas 4
4 · Paymentus Holdings, Inc. · Filed May 29, 2026
Research Summary
AI-generated summary of this filing
Paymentus (PAY) 10% Owner Thomas Barnds Transfers 155,574 Shares
What Happened
Thomas Barnds, reported as a 10% owner, filed a Form 4 disclosing a disposition of 155,574 shares of Paymentus Holdings, Inc. (PAY) on May 27, 2026. The transaction is recorded as an "other acquisition or disposition (J)" with a price of $0.00 and total cash proceeds of $0 — i.e., an in‑kind pro rata distribution made without consideration.
Key Details
- Transaction date: 2026-05-27; Form 4 filed: 2026-05-29 (timely filing).
- Shares disposed/transferred: 155,574; Price per share: $0.00; Cash proceeds: $0.
- Shares owned after transaction: Not specified in the filing.
- Footnote summary: Shares were part of an in‑kind pro rata distribution by AKKR Fund II Management Company, LP to its partners (no consideration). These shares had been previously reported as held by Accel‑KKR Capital Partners CV III, LP and were transferred to AKKR Fund II Management Company, LP on Aug 20, 2025 for no consideration (see F1, F5).
- Control/disclaimer notes: Accel‑KKR/Topco GP entities (overseen by Mr. Barnds and Mr. Palumbo) have voting/investment power over certain fund holdings; the reporting persons disclaim beneficial ownership except to the extent of pecuniary interest (see F2–F4). Some shares are noted as held by the Barnds Living Trust (F6).
Context
This was an institutional, non‑market transaction (an in‑kind distribution), not an open‑market sale. Because no cash changed hands, it does not represent a liquidation for proceeds; such transfers are administrative/fund‑level actions and do not necessarily reflect the insider’s personal trading intent.
Insider Transaction Report
Form 4
Barnds Thomas
10% Owner
Transactions
- Other
Class A Common Stock
[F1]2026-05-27−155,574→ 0 total(indirect: See footnote.)
Holdings
- 2,245,886(indirect: Accel-KKR Capital Partners CV III, LP)
Class A Common Stock
[F2][F3][F4] - 94,546(indirect: Accel-KKR Growth Capital Partners III, LP)
Class A Common Stock
[F2][F3][F4] - 3,168(indirect: Accel-KKR Growth Capital Partners II Strategic Fund, LP)
Class A Common Stock
[F2][F3][F4] - 37,350(indirect: Accel-KKR Growth Capital Partners II, LP)
Class A Common Stock
[F2][F3][F4] - 7,312(indirect: AKKR SC GPI HoldCo LP)
Class A Common Stock
[F5][F2][F3][F4] - 64,308(indirect: See footnote.)
Class A Common Stock
[F5][F6]
Footnotes (6)
- [F1]In-kind pro rata distribution by AKKR Fund II Management Company, LP, to its partners, without consideration. Such shares were previously reported as directly held by Accel-KKR Capital Partners CV III, LP and were transferred to AKKR Fund II Management Company, LP on August 20, 2025 for no consideration.
- [F2]Accel-KKR Holdings GP, LLC , or Topco GP (for which decision making is controlled by Mr. Palumbo and Mr. Barnds), has voting and investment power over the shares of Common Stock of the Issuer owned by (i) Accel-KKR Capital Partners CV III, LP, or CV III; (ii) Accel-KKR Growth Capital Partners III, LP, or GC III; (iii) Accel-KKR Growth Capital Partners II Strategic Fund, LP, or GC II Strategic; (iv) Accel-KKR Growth Capital Partners II, LP, or GC II; (v) (v) Accel-KKR Members Fund, LLC, or Members Fund; (vi) AKKR Strategic Capital LP, or SC; and (vii) AKKR SC GPI HoldCo LP, or SC GPI.
- [F3](Continued from footnote 3) AKKR Fund III Management Company CV, LP, or CV III GP, is the sole general partner of CV III. AKKR Growth Capital Management Company III, LP, or GC III GP, is the sole general partner of GC III. AKKR Growth Capital Management Company II, LP, or GC II GP, is the sole general partner of GC II Strategic and GC II. AKKR Strategic Capital GP, or SC GP, is the sole general partner of SC. AKKR Management Company, LLC, or UGP, is the sole managing member of Members Fund and the sole general partner of CV III GP, GC III GP, GC II GP, SC GP and SC GPI. Topco GP, is the sole managing member of UGP. AKKR Fund II Management Company, LP, or the Management Company, is the sole management company of each of the Accel-KKR Funds,
- [F4](Continued from footnote 3) and UGP is the general partner of the Management Company. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of such Reporting Person's pecuniary interest therein. Mr. Palumbo and Mr. Barnds have separately filed Form 4s reporting their interests.
- [F5]Represents shares received in the distribution described in footnote 1.
- [F6]Shares held by the Barnds Living Trust dtd 6/23/2003.
Signature
/s/ Thomas C. Barnds|2026-05-29