Barnds Thomas 4

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.