Paymentus (PAY) Director Jason Klein Receives 329,865 Shares

What Happened Jason Klein, a director of Paymentus Holdings, reported receiving a total of 329,865 shares on August 17, 2026. The filing shows two "other acquisition" entries: 950 shares at $0.00 and 328,915 shares at $0.00 (the latter reported as a derivative/Class B common stock). Because these shares were received as a pro rata distribution from funds affiliated with Accel‑KKR, the reported acquisition value is $0 and the transaction was exempt under Rule 16a‑9(a).

Key Details

• Transaction date: 2026-08-17; Filing date: 2026-08-19 (filed within the typical 2-business-day Form 4 window).
• Shares acquired: 950 shares (non-derivative) and 328,915 shares (derivative/Class B); price reported $0.00; total cash value reported $0.
• Post-transaction holdings: not specified in the provided excerpt of the Form 4.
• Footnotes of note:
  • F1: Shares came from a pro rata distribution from funds affiliated with Accel‑KKR; acquisition exempt under Rule 16a‑9(a).
  • F2: Some shares held via The Jason and Farah Klein Revocable Trust dated 1/27/2011.
  • F3: Class B common stock is convertible into an equal number of Class A shares at the holder’s election (and in certain other events) and has no expiration date.

Context This was a non‑cash distribution from an affiliated fund, not an open‑market purchase or sale by the insider. Such distributions typically reflect allocation of fund holdings rather than a director buying or selling stock and should not be interpreted on their own as a buy/sell signal. The large portion reported as "derivative" reflects Class B shares that can convert to Class A common stock per the filing.