Management Change/Compensation (Form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 7, 2026, the Board of Directors (the "Board") of Paymentus Holdings, Inc. (the "Company"), based upon the recommendation of the Compensation Committee of the Board (the "Committee"), approved the grant of time-based restricted stock units ("RSUs") under the Company's 2021 Equity Incentive Plan (the "Plan") to Dushyant Sharma, the Company's President and Chief Executive Officer. The Committee recommended the grant of the RSU award to Mr. Sharma after consultation with Compensia, the Committee's independent compensation consultant, and the Committee's review of the market and CEO equity compensation at Company peers.

Mr. Sharma was granted 480,000 RSUs on April 7, 2026. Each RSU represents the right to receive one share of the Company's Class A common stock upon vesting. Consistent with RSU grants to the Company's other executive officers, one fifth of the RSUs will vest on the one-year anniversary of the grant date, and one twentieth of the RSUs will vest on a quarterly basis thereafter beginning on August 15, 2027 and concluding on May 15, 2031, subject to Mr. Sharma's continued service to the Company through the applicable vesting date. Quarterly vesting dates with respect to any calendar year are February 15, May 15, August 15 and November 15. The RSU Award was granted pursuant to, and in accordance with, the terms of the Plan and the form of Restricted Stock Unit Award Agreement (the "RSU Agreement"), which is filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on March 13, 2026. This summary description does not purport to be complete and is qualified entirely by reference to the full text of the RSU Agreement, which is incorporated herein by reference.