Palumbo Robert 4

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.