Palumbo Robert 4
4 · Paymentus Holdings, Inc. · Filed May 29, 2026
Research Summary
AI-generated summary of this filing
Paymentus (PAY) 10% Owner Robert Palumbo Transfers 155,574 Shares
What Happened Robert Palumbo, reported as a 10% owner of Paymentus Holdings, Inc. (PAY), recorded a disposition of 155,574 shares on May 27, 2026. The transaction shows $0.00 per share and $0 total — this was an in‑kind pro rata distribution to partners (no cash sale). The Form 4 was filed on May 29, 2026.
Key Details
- Transaction date: 2026-05-27; Filing date: 2026-05-29 (timely).
- Transaction type: Other disposition (code J) — in‑kind pro rata distribution; consideration $0.00 per share, total $0.
- Shares involved: 155,574 shares.
- Shares owned after transaction: Not specified in this filing.
- Relevant footnotes: F1 notes the in‑kind distribution by AKKR Fund II Management Company, LP; F2–F4 describe complex Accel‑KKR fund and Topco GP relationships and disclaimers of beneficial ownership; F5 indicates these shares were received in the distribution; F6 notes some shares are held by the Palumbo 2026 Annuity Trust.
- Filing timeliness: No late filing indicated.
Context This was an administrative/in‑kind distribution tied to Accel‑KKR fund structures rather than an open‑market cash sale — such transfers often reflect internal fund allocations or trust transfers and do not necessarily signal trading intent by the individual. As a 10% owner with voting/investment power through Accel‑KKR entities, Palumbo’s filing reflects institutional ownership changes rather than routine executive buy/sell activity.
Insider Transaction Report
- Other
Class A Common Stock
[F1]2026-05-27−155,574→ 0 total(indirect: See footnote.)
- 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, 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.
- [F4](Continued from footnote 3) 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 Palumbo 2026 Annuity Trust.