Paymentus (PAY) CFO Sanjay Kalra Withholds 21,338 Shares for Taxes

What Happened
Sanjay Kalra, Senior Vice President and Chief Financial Officer of Paymentus Holdings (PAY), had 21,338 shares withheld by the company on 2026-08-15 to satisfy tax withholding obligations related to the vesting of restricted stock units. The filing reports the shares at $0.00 per share with $0 total proceeds (disposition via withholding rather than an open-market sale).

Key Details

• Transaction date: 2026-08-15; Form 4 filed: 2026-08-18.
• Reported transaction type: F (payment of exercise price or tax liability — withholding of shares).
• Shares withheld/disposed: 21,338 at $0.00 (total reported value $0).
• Footnote: The withholding covers tax obligations from RSU vesting under the company’s 2021 Equity Incentive Plan (per footnote F1).
• Shares owned after the transaction: not specified in the provided filing summary.

Context
Share withholding to cover taxes on vested RSUs is a routine administrative action and differs from an outright open-market sale; it generally does not signal a directional view by the insider. The filing shows no cash proceeds to the insider because the company retained the shares to satisfy tax obligations.