Paymentus Director Jason Klein Acquires 400,568 Shares

What Happened
Jason Klein, a director of Paymentus Holdings, acquired a total of 400,568 shares on August 26, 2026. The Form 4 reports two acquisitions: 546 shares for $0 and 400,022 shares reported as a derivative acquisition (also $0). The reported total value of these transactions is $0 because the shares were received via a distribution rather than an open-market purchase.

Key Details

• Transaction date: 2026-08-26; Form 4 filed 2026-08-28 (no late-filing flag indicated).
• Shares acquired: 546 shares (direct) + 400,022 derivative shares = 400,568 total. Price per share: $0; total reported value: $0.
• Shares held after transaction: Not specified in the filing.
• Footnotes:
  • F1: Shares were received in a pro rata distribution from funds affiliated with Accel‑KKR; acquisition exempt under Rule 16a‑9(a).
  • F2: Some shares are held by The Jason and Farah Klein Revocable Trust (dtd 1/27/2011).
  • F3: Class B common stock is convertible into an equal number of Class A shares at the holder’s election (and automatically in certain events) and has no expiration date.

Context
The large block (400,022) is reported as a derivative/convertible Class B holding — these are not newly purchased on the open market but were distributed from affiliated funds. Such zero-cost distributions are routine corporate/transactional events and do not necessarily indicate a personal cash investment or a straightforward bullish signal.