Paymentus Holdings, Inc. (PAY)

Paymentus Holdings, Inc. (NYSE: PAY) 10% owner Thomas Barnds reported a new stock transaction via a Form 4 SEC filing. The filing indicates a net sale of 40,518 shares across 15 transactions, involving in-kind pro rata distributions of Class A and Class B Common Stock to partners without consideration. Following these transactions, various investment entities associated with Accel-KKR, where Mr. Barnds is a controlling figure, hold significant indirect beneficial ownership in both Class A and Class B shares of Paymentus.

Accel-KKR-affiliated entities have restructured their indirect holdings in Paymentus Holdings, Inc. (PAY) by distributing 12,000,000 Class B common shares to their partners on August 17, 2026. These in-kind, pro rata distributions involved no consideration and were classified as "other dispositions." Despite the distributions, various Accel-KKR funds retain significant indirect positions in both Class A and Class B shares, and the reporting persons disclaim beneficial ownership beyond their pecuniary interest.

Paymentus Holdings, Inc. (PAY) director Jason Klein indirectly acquired 328,915 Class B Common Stock shares and 950 Class A Common Stock shares through an internal equity restructuring. These shares were received via a pro rata distribution from Accel-KKR affiliated funds and are held in The Jason and Farah Klein Revocable Trust. The acquisition is exempt under Rule 16a-9(a), and Klein now indirectly holds 2,499,918 Class B shares and 950 Class A shares.

Paymentus Holdings, Inc. (PAY) director Robert Palumbo and associated entities completed in-kind pro rata distributions of approximately 12 million shares on August 17, 2026. These transactions were a restructuring among Accel-KKR-related funds and partners and did not involve any cash sales. Following these changes, Palumbo continues to directly hold over 7 million Class B Common Stock shares and indirectly holds additional shares through various Accel-KKR funds and an annuity trust.

Paymentus Holdings, Inc. (PAY) director Gregory Hyde Williams received 33,145 shares of Class A Common Stock on August 17, 2026, through a pro rata distribution from Accel-KKR affiliated funds. This acquisition was exempt under Rule 16a-9(a) and involved no monetary transaction. Following this distribution, Williams now directly holds 165,826 shares of Class A Common Stock.