[SCHEDULE 13G/A] Paymentus Holdings, Inc. SEC Filing
Dushyant Sharma reports beneficial ownership of 22,704,644 shares of Paymentus (PAY), representing 33.4% of the Class A common stock on a fully-diluted basis as calculated in the filing. The aggregate includes 68,750 Class A shares underlying restricted stock units expected to vest within 60 days, 1 Class A share held by Ashigrace LLC, 17,549,795 Class B shares held by Ashigrace and 3,304,870 stock options held by Ashigrace exercisable within 60 days.
The filing discloses additional shared voting and dispositive power from the Ruma Sharma Trust (1,152,560 Class B shares) and four Sharma Family Trusts (each holding 157,167 Class B shares). The reported percentage is based on 45,348,953 Class A shares outstanding as of July 31, 2025, plus 19,331,023 shares issuable on conversion of Class B shares and 3,304,870 issuable upon exercise of options. The filing also notes a Stockholders Agreement involving AKKR Funds and KKR-AKI and states that, if treated as a group under Rule 13d-3, the Investor Parties would beneficially own 82,958,062 shares (66.0%), though Mr. Sharma disclaims membership in that group and disclaims beneficial ownership of shares held by the Sharma Family Trusts.
Dushyant Sharma dichiara la titolarit脿 beneficiaria di 22,704,644 azioni di Paymentus (PAY), pari al 33,4% delle azioni ordinarie di Classe A su base totalmente diluita, come calcolato nel deposito. L'aggregato comprende 68,750 azioni di Classe A sottostanti restricted stock unit che dovrebbero maturare entro 60 giorni, 1 azione di Classe A detenuta da Ashigrace LLC, 17,549,795 azioni di Classe B detenute da Ashigrace e 3,304,870 opzioni su azioni detenute da Ashigrace esercitabili entro 60 giorni.
Il deposito segnala inoltre poteri congiunti di voto e di disposizione derivanti dal Ruma Sharma Trust (1,152,560 azioni di Classe B) e da quattro Sharma Family Trusts (ciascuno con 157,167 azioni di Classe B). La percentuale riportata si basa su 45,348,953 azioni di Classe A in circolazione al 31 luglio 2025, pi霉 19,331,023 azioni emettibili a seguito della conversione delle azioni di Classe B e 3,304,870 emettibili all'esercizio delle opzioni. Il documento menziona inoltre un Stockholders Agreement che coinvolge AKKR Funds e KKR-AKI e afferma che, se trattate come un gruppo ai sensi della Regola 13d-3, le Parti Investitrici beneficamente possederebbero 82,958,062 azioni (66,0%), sebbene il signor Sharma neghi di essere membro di quel gruppo e disconosca la titolarit脿 beneficiaria delle azioni detenute dai Sharma Family Trusts.
Dushyant Sharma declara la propiedad beneficiaria de 22,704,644 acciones de Paymentus (PAY), equivalentes al 33,4% de las acciones ordinarias Clase A en base totalmente diluida seg煤n se calcula en la presentaci贸n. El total incluye 68,750 acciones Clase A subyacentes a unidades de acciones restringidas que se espera que se consoliden en 60 d铆as, 1 acci贸n Clase A en poder de Ashigrace LLC, 17,549,795 acciones Clase B en poder de Ashigrace y 3,304,870 opciones sobre acciones de Ashigrace ejercitables en 60 d铆as.
La presentaci贸n tambi茅n revela poderes conjuntos de voto y disposici贸n procedentes del Ruma Sharma Trust (1,152,560 acciones Clase B) y de cuatro Sharma Family Trusts (cada uno con 157,167 acciones Clase B). El porcentaje informado se basa en 45,348,953 acciones Clase A en circulaci贸n a fecha del 31 de julio de 2025, m谩s 19,331,023 acciones que pueden emitirse por conversi贸n de las acciones Clase B y 3,304,870 que pueden emitirse al ejercer opciones. El documento tambi茅n se帽ala un Stockholders Agreement que involucra a AKKR Funds y KKR-AKI y afirma que, si se les tratara como un grupo seg煤n la Regla 13d-3, las Partes Inversoras poseer铆an beneficiariamente 82,958,062 acciones (66,0%), aunque el se帽or Sharma niega ser miembro de ese grupo y renuncia a la propiedad beneficiaria de las acciones en poder de los Sharma Family Trusts.
Dushyant Sharma電� Paymentus(PAY) 欤检嫕 22,704,644欤检棎 雽�頃� 鞁れ唽鞙犼秾(beneficial ownership)鞚� 鞁犼碃頄堨溂氅�, 鞚措姅 鞝滌稖靹滊鞐愳劀 瓿勳偘頃� 氚旍棎 霐半澕 鞕勳爠頋劃 旮办鞙茧 韥措灅鞀� A 氤错喌欤� 欷� 33.4%鞐� 頃措嫻頃╇媹雼�. 齑濌硠鞐愲姅 60鞚� 鞚措偞鞐� 旆摑霅� 鞓堨爼鞚� 鞝滍暅欤检嫕雼渼鞐� 頃措嫻頃橂姅 韥措灅鞀� A 68,750欤�, Ashigrace LLC臧� 氤挫湢頃� 韥措灅鞀� A 1欤�, Ashigrace臧� 氤挫湢頃� 韥措灅鞀� B 17,549,795欤�, 攴鸽Μ瓿� Ashigrace臧� 氤挫湢頃橁碃 60鞚� 鞚措偞鞐� 頄夓偓 臧�電ロ暅 欤检嫕鞓奠厴 3,304,870欤缄皜 韽暔霅╇媹雼�.
鞁犼碃靹滊姅 霕愴暅 Ruma Sharma Trust鞐愳劀鞚� 瓿惦彊 鞚橁舶甓� 氚� 觳橂秳甓�(1,152,560 韥措灅鞀� B欤�)瓿� 雱� 臧滌潣 Sharma Family Trust(臧侁皝 157,167 韥措灅鞀� B欤�)搿滊秬韯办潣 於旉皜鞝侅澑 瓿惦彊 甓岉暅鞚� 瓿店皽頃╇媹雼�. 氤搓碃霅� 牍勳湪鞚� 2025雲� 7鞗� 31鞚� 旮办鞙茧 鞙犿喌 欷戩澑 韥措灅鞀� A 45,348,953欤检棎, 韥措灅鞀� B鞚� 鞝勴櫂鞙茧 氚滍枆 臧�電ロ暅 19,331,023欤检檧 鞓奠厴 頄夓偓搿� 氚滍枆 臧�電ロ暅 3,304,870欤茧ゼ 雿旐暅 瓴冹潉 旮办鞙茧 靷办爼霅橃棃鞀惦媹雼�. 霕愴暅 鞁犼碃靹滊姅 AKKR Funds鞕� KKR-AKI臧� 甏�霠悳 欤检＜瓿勳暯(Stockholders Agreement)鞚� 鞏戈笁頃橂┌, 攴滌箼 13d-3鞐� 霐半澕 攴鸽９鞙茧 臧勳＜霅� 瓴届毎 韴瀽鞛� 旄§澊 鞁れ唽鞙犿晿瓴� 霅橂姅 欤检嫕鞚� 82,958,062欤�(66.0%)臧� 霅� 瓴冹澊霛缄碃 氇呾嫓頃橂倶, Sharma 鞌姅 頃措嫻 攴鸽９鞚� 甑劚鞗愳瀯鞚� 攵�鞚疙晿氅� Sharma Family Trusts臧� 氤挫湢頃� 欤检嫕鞐� 雽�頃� 鞁れ唽鞙犼秾鞚� 攵�鞚疙晿瓿� 鞛堨姷雼堧嫟.
Dushyant Sharma d茅clare 锚tre le b茅n茅ficiaire effectif de 22,704,644 actions de Paymentus (PAY), repr茅sentant 33,4% des actions ordinaires de classe A sur une base totalement dilu茅e, selon le calcul figurant dans le d茅p么t. Le total comprend 68,750 actions de classe A sous-jacentes 脿 des restricted stock units devant 锚tre acquises dans les 60 jours, 1 action de classe A d茅tenue par Ashigrace LLC, 17,549,795 actions de classe B d茅tenues par Ashigrace et 3,304,870 options sur actions d茅tenues par Ashigrace exer莽ables dans les 60 jours.
Le d茅p么t divulgue 茅galement des droits de vote et de disposition partag茅s provenant du Ruma Sharma Trust (1,152,560 actions de classe B) et de quatre Sharma Family Trusts (chacun d茅tenant 157,167 actions de classe B). Le pourcentage rapport茅 se fonde sur 45,348,953 actions de classe A en circulation au 31 juillet 2025, plus 19,331,023 actions susceptibles d鈥櫭猼re 茅mises lors de la conversion des actions de classe B et 3,304,870 susceptibles d鈥櫭猼re 茅mises 脿 l鈥檈xercice des options. Le d茅p么t note 茅galement un Stockholders Agreement impliquant AKKR Funds et KKR鈥慉KI et indique que, si elles 茅taient trait茅es comme un groupe en vertu de la R猫gle 13d鈥�3, les Parties Investisseuses d茅tiendraient b茅n茅ficiairement 82,958,062 actions (66,0%), bien que M. Sharma nie 锚tre membre de ce groupe et rejette la qualit茅 de b茅n茅ficiaire effectif des actions d茅tenues par les Sharma Family Trusts.
Dushyant Sharma gibt an, wirtschaftlicher Eigent眉mer von 22,704,644 Aktien von Paymentus (PAY) zu sein, was nach der in der Einreichung vorgenommenen Berechnung 33,4% der Class鈥慉鈥慡tammaktien auf vollst盲ndig verw盲sserter Basis entspricht. Die Summe umfasst 68,750 Class鈥慉鈥慉ktien, die zugrundeliegenden Restricted Stock Units entsprechen und voraussichtlich innerhalb von 60 Tagen werden zuflie脽en, 1 Class鈥慉鈥慉ktie, die von Ashigrace LLC gehalten wird, 17,549,795 Class鈥態鈥慉ktien, die von Ashigrace gehalten werden, sowie 3,304,870 Aktienoptionen von Ashigrace, die innerhalb von 60 Tagen aus眉bbar sind.
Die Einreichung offenbart au脽erdem gemeinsame Stimm鈥� und Verf眉gungsrechte aus dem Ruma Sharma Trust (1,152,560 Class鈥態鈥慉ktien) und vier Sharma Family Trusts (jeweils 157,167 Class鈥態鈥慉ktien). Der gemeldete Prozentsatz basiert auf 45,348,953 im Umlauf befindlichen Class鈥慉鈥慉ktien zum 31. Juli 2025 锄耻锄眉驳濒颈肠丑 19,331,023 Aktien, die bei Umwandlung von Class鈥態鈥慉ktien auszugeben w盲ren, und 3,304,870 Aktien, die bei Aus眉bung von Optionen auszugeben w盲ren. Die Einreichung weist au脽erdem auf ein Stockholders Agreement hin, an dem AKKR Funds und KKR鈥慉KI beteiligt sind, und stellt fest, dass die Investor鈥慞arteien, w眉rden sie nach Regel 13d鈥�3 als Gruppe behandelt, wirtschaftlich 82,958,062 Aktien (66,0%) halten w眉rden; Herr Sharma bestreitet jedoch die Mitgliedschaft in jener Gruppe und verneint die wirtschaftliche Eigent眉merschaft an den von den Sharma Family Trusts gehaltenen Aktien.
- Full, itemized disclosure of beneficial ownership totaling 22,704,644 shares and the components used to calculate the ownership percentage
- Near-term vesting and exercisable instruments are identified, including 68,750 RSU-derived Class A shares and 3,304,870 options exercisable within 60 days, improving transparency
- Filing cites the exact basis for the percentage calculation (45,348,953 Class A outstanding; 19,331,023 issuable on conversion; 3,304,870 issuable on exercise)
- Filing discloses that a Stockholders Agreement could create a putative group that would beneficially own 82,958,062 shares (66.0%), though Mr. Sharma disclaims group membership
- Significant number of shares are issuable upon conversion or exercise (19,331,023 convertible Class B shares and 3,304,870 option shares included in the calculation), which materially affects the fully-diluted ownership picture
Insights
TL;DR: Large, clearly disclosed ownership stake (33.4%) with convertible Class B shares and exercisable options concentrated among related entities.
The filing provides a detailed ownership breakdown showing Mr. Sharma's beneficial ownership totals 22,704,644 shares (33.4%). Key components include vested and near-vesting instruments: 68,750 RSU-derived Class A shares and 3,304,870 options exercisable within 60 days (held by Ashigrace), plus substantial Class B holdings convertible into Class A. The report cites the basis for the percentage calculation (45,348,953 Class A outstanding as of July 31, 2025, plus 19,331,023 convertibles and 3,304,870 option shares), which is important for assessing dilution and control. This is a material disclosure for investor ownership and governance analysis.
TL;DR: Detailed disclosure highlights governance implications: Stockholders Agreement and potential group control are disclosed, but Sharma disclaims group membership.
The Schedule 13G/A discloses the Stockholders Agreement that coordinates voting among the Investor Parties and states that, if aggregated under Rule 13d-3, the group would beneficially own 82,958,062 shares (66.0%) of Class A on a specified basis. The filing also clarifies trustee roles and disclaimers of beneficial ownership with respect to the Sharma Family Trusts. These items are material to board composition and voting control considerations and should be reviewed by investors and governance analysts for potential influence on corporate decision-making.
Dushyant Sharma dichiara la titolarit脿 beneficiaria di 22,704,644 azioni di Paymentus (PAY), pari al 33,4% delle azioni ordinarie di Classe A su base totalmente diluita, come calcolato nel deposito. L'aggregato comprende 68,750 azioni di Classe A sottostanti restricted stock unit che dovrebbero maturare entro 60 giorni, 1 azione di Classe A detenuta da Ashigrace LLC, 17,549,795 azioni di Classe B detenute da Ashigrace e 3,304,870 opzioni su azioni detenute da Ashigrace esercitabili entro 60 giorni.
Il deposito segnala inoltre poteri congiunti di voto e di disposizione derivanti dal Ruma Sharma Trust (1,152,560 azioni di Classe B) e da quattro Sharma Family Trusts (ciascuno con 157,167 azioni di Classe B). La percentuale riportata si basa su 45,348,953 azioni di Classe A in circolazione al 31 luglio 2025, pi霉 19,331,023 azioni emettibili a seguito della conversione delle azioni di Classe B e 3,304,870 emettibili all'esercizio delle opzioni. Il documento menziona inoltre un Stockholders Agreement che coinvolge AKKR Funds e KKR-AKI e afferma che, se trattate come un gruppo ai sensi della Regola 13d-3, le Parti Investitrici beneficamente possederebbero 82,958,062 azioni (66,0%), sebbene il signor Sharma neghi di essere membro di quel gruppo e disconosca la titolarit脿 beneficiaria delle azioni detenute dai Sharma Family Trusts.
Dushyant Sharma declara la propiedad beneficiaria de 22,704,644 acciones de Paymentus (PAY), equivalentes al 33,4% de las acciones ordinarias Clase A en base totalmente diluida seg煤n se calcula en la presentaci贸n. El total incluye 68,750 acciones Clase A subyacentes a unidades de acciones restringidas que se espera que se consoliden en 60 d铆as, 1 acci贸n Clase A en poder de Ashigrace LLC, 17,549,795 acciones Clase B en poder de Ashigrace y 3,304,870 opciones sobre acciones de Ashigrace ejercitables en 60 d铆as.
La presentaci贸n tambi茅n revela poderes conjuntos de voto y disposici贸n procedentes del Ruma Sharma Trust (1,152,560 acciones Clase B) y de cuatro Sharma Family Trusts (cada uno con 157,167 acciones Clase B). El porcentaje informado se basa en 45,348,953 acciones Clase A en circulaci贸n a fecha del 31 de julio de 2025, m谩s 19,331,023 acciones que pueden emitirse por conversi贸n de las acciones Clase B y 3,304,870 que pueden emitirse al ejercer opciones. El documento tambi茅n se帽ala un Stockholders Agreement que involucra a AKKR Funds y KKR-AKI y afirma que, si se les tratara como un grupo seg煤n la Regla 13d-3, las Partes Inversoras poseer铆an beneficiariamente 82,958,062 acciones (66,0%), aunque el se帽or Sharma niega ser miembro de ese grupo y renuncia a la propiedad beneficiaria de las acciones en poder de los Sharma Family Trusts.
Dushyant Sharma電� Paymentus(PAY) 欤检嫕 22,704,644欤检棎 雽�頃� 鞁れ唽鞙犼秾(beneficial ownership)鞚� 鞁犼碃頄堨溂氅�, 鞚措姅 鞝滌稖靹滊鞐愳劀 瓿勳偘頃� 氚旍棎 霐半澕 鞕勳爠頋劃 旮办鞙茧 韥措灅鞀� A 氤错喌欤� 欷� 33.4%鞐� 頃措嫻頃╇媹雼�. 齑濌硠鞐愲姅 60鞚� 鞚措偞鞐� 旆摑霅� 鞓堨爼鞚� 鞝滍暅欤检嫕雼渼鞐� 頃措嫻頃橂姅 韥措灅鞀� A 68,750欤�, Ashigrace LLC臧� 氤挫湢頃� 韥措灅鞀� A 1欤�, Ashigrace臧� 氤挫湢頃� 韥措灅鞀� B 17,549,795欤�, 攴鸽Μ瓿� Ashigrace臧� 氤挫湢頃橁碃 60鞚� 鞚措偞鞐� 頄夓偓 臧�電ロ暅 欤检嫕鞓奠厴 3,304,870欤缄皜 韽暔霅╇媹雼�.
鞁犼碃靹滊姅 霕愴暅 Ruma Sharma Trust鞐愳劀鞚� 瓿惦彊 鞚橁舶甓� 氚� 觳橂秳甓�(1,152,560 韥措灅鞀� B欤�)瓿� 雱� 臧滌潣 Sharma Family Trust(臧侁皝 157,167 韥措灅鞀� B欤�)搿滊秬韯办潣 於旉皜鞝侅澑 瓿惦彊 甓岉暅鞚� 瓿店皽頃╇媹雼�. 氤搓碃霅� 牍勳湪鞚� 2025雲� 7鞗� 31鞚� 旮办鞙茧 鞙犿喌 欷戩澑 韥措灅鞀� A 45,348,953欤检棎, 韥措灅鞀� B鞚� 鞝勴櫂鞙茧 氚滍枆 臧�電ロ暅 19,331,023欤检檧 鞓奠厴 頄夓偓搿� 氚滍枆 臧�電ロ暅 3,304,870欤茧ゼ 雿旐暅 瓴冹潉 旮办鞙茧 靷办爼霅橃棃鞀惦媹雼�. 霕愴暅 鞁犼碃靹滊姅 AKKR Funds鞕� KKR-AKI臧� 甏�霠悳 欤检＜瓿勳暯(Stockholders Agreement)鞚� 鞏戈笁頃橂┌, 攴滌箼 13d-3鞐� 霐半澕 攴鸽９鞙茧 臧勳＜霅� 瓴届毎 韴瀽鞛� 旄§澊 鞁れ唽鞙犿晿瓴� 霅橂姅 欤检嫕鞚� 82,958,062欤�(66.0%)臧� 霅� 瓴冹澊霛缄碃 氇呾嫓頃橂倶, Sharma 鞌姅 頃措嫻 攴鸽９鞚� 甑劚鞗愳瀯鞚� 攵�鞚疙晿氅� Sharma Family Trusts臧� 氤挫湢頃� 欤检嫕鞐� 雽�頃� 鞁れ唽鞙犼秾鞚� 攵�鞚疙晿瓿� 鞛堨姷雼堧嫟.
Dushyant Sharma d茅clare 锚tre le b茅n茅ficiaire effectif de 22,704,644 actions de Paymentus (PAY), repr茅sentant 33,4% des actions ordinaires de classe A sur une base totalement dilu茅e, selon le calcul figurant dans le d茅p么t. Le total comprend 68,750 actions de classe A sous-jacentes 脿 des restricted stock units devant 锚tre acquises dans les 60 jours, 1 action de classe A d茅tenue par Ashigrace LLC, 17,549,795 actions de classe B d茅tenues par Ashigrace et 3,304,870 options sur actions d茅tenues par Ashigrace exer莽ables dans les 60 jours.
Le d茅p么t divulgue 茅galement des droits de vote et de disposition partag茅s provenant du Ruma Sharma Trust (1,152,560 actions de classe B) et de quatre Sharma Family Trusts (chacun d茅tenant 157,167 actions de classe B). Le pourcentage rapport茅 se fonde sur 45,348,953 actions de classe A en circulation au 31 juillet 2025, plus 19,331,023 actions susceptibles d鈥櫭猼re 茅mises lors de la conversion des actions de classe B et 3,304,870 susceptibles d鈥櫭猼re 茅mises 脿 l鈥檈xercice des options. Le d茅p么t note 茅galement un Stockholders Agreement impliquant AKKR Funds et KKR鈥慉KI et indique que, si elles 茅taient trait茅es comme un groupe en vertu de la R猫gle 13d鈥�3, les Parties Investisseuses d茅tiendraient b茅n茅ficiairement 82,958,062 actions (66,0%), bien que M. Sharma nie 锚tre membre de ce groupe et rejette la qualit茅 de b茅n茅ficiaire effectif des actions d茅tenues par les Sharma Family Trusts.
Dushyant Sharma gibt an, wirtschaftlicher Eigent眉mer von 22,704,644 Aktien von Paymentus (PAY) zu sein, was nach der in der Einreichung vorgenommenen Berechnung 33,4% der Class鈥慉鈥慡tammaktien auf vollst盲ndig verw盲sserter Basis entspricht. Die Summe umfasst 68,750 Class鈥慉鈥慉ktien, die zugrundeliegenden Restricted Stock Units entsprechen und voraussichtlich innerhalb von 60 Tagen werden zuflie脽en, 1 Class鈥慉鈥慉ktie, die von Ashigrace LLC gehalten wird, 17,549,795 Class鈥態鈥慉ktien, die von Ashigrace gehalten werden, sowie 3,304,870 Aktienoptionen von Ashigrace, die innerhalb von 60 Tagen aus眉bbar sind.
Die Einreichung offenbart au脽erdem gemeinsame Stimm鈥� und Verf眉gungsrechte aus dem Ruma Sharma Trust (1,152,560 Class鈥態鈥慉ktien) und vier Sharma Family Trusts (jeweils 157,167 Class鈥態鈥慉ktien). Der gemeldete Prozentsatz basiert auf 45,348,953 im Umlauf befindlichen Class鈥慉鈥慉ktien zum 31. Juli 2025 锄耻锄眉驳濒颈肠丑 19,331,023 Aktien, die bei Umwandlung von Class鈥態鈥慉ktien auszugeben w盲ren, und 3,304,870 Aktien, die bei Aus眉bung von Optionen auszugeben w盲ren. Die Einreichung weist au脽erdem auf ein Stockholders Agreement hin, an dem AKKR Funds und KKR鈥慉KI beteiligt sind, und stellt fest, dass die Investor鈥慞arteien, w眉rden sie nach Regel 13d鈥�3 als Gruppe behandelt, wirtschaftlich 82,958,062 Aktien (66,0%) halten w眉rden; Herr Sharma bestreitet jedoch die Mitgliedschaft in jener Gruppe und verneint die wirtschaftliche Eigent眉merschaft an den von den Sharma Family Trusts gehaltenen Aktien.
FAQ
How many Paymentus (PAY) shares does Dushyant Sharma beneficially own?
What components make up Mr. Sharma's reported ownership in PAY?
Does the filing disclose any voting arrangements affecting control of Paymentus?
Could the Investor Parties control a majority of Paymentus shares?
What dates and timeframes are relevant in this Schedule 13G/A filing for PAY?
