Paymentus (PAY) CFO Sanjay Kalra Sells Shares

What Happened

• Sanjay Kalra, Senior Vice President and Chief Financial Officer of Paymentus (PAY), sold a total of 27,909 shares in multiple transactions on August 4–5, 2026, in open-market transactions (reported as sales).
• The sales consisted of: 10,000 shares @ $40.22 ($402,243); 8,800 shares @ $41.53 ($365,437); 6,200 shares @ $42.36 ($262,623); 2,809 shares @ $40.16 ($112,799); and 100 shares @ $43.02 ($4,302). Combined proceeds were about $1.15 million.
• These are disposals (S = sale) — sales are often routine or for diversification/liquidity; the filing does not provide a reason.

Key Details

• Transaction dates: August 4–5, 2026. Filing dated August 6, 2026 (appears timely given Form 4 reporting rules).
• Prices: reported as weighted averages for several blocks; ranges per footnotes: $40.00–$40.90 (F2), $41.00–$41.96 (F3), $42.07–$42.75 (F4), $40.00–$40.87 (F5).
• Total shares sold: 27,909; total proceeds ≈ $1,147,404 (~$1.15M).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnote: F1 — sales were effected pursuant to a Rule 10b5-1 trading plan established March 11, 2026 (prearranged plan). F2–F5 note weighted-average pricing and provide per-trade price ranges; reporting person will supply per-price breakdown on request.

Context

• A 10b5-1 trading plan generally indicates preplanned sales that can help avoid concerns about trading on material nonpublic information; it does not indicate insider sentiment.
• For retail investors, purchases are typically more indicative of positive insider sentiment; these are routine sales under a pre-established plan.
• No exercise, gift, or withholding transactions were reported in this filing excerpt.