SCHEDULE 13G/A: BlackRock Amends Stake in Repay Holdings, Disclosing 7.2% Passive Ownership

BlackRock, Inc. has filed an Amendment No. 5 to Schedule 13G, reporting a 7.2% beneficial ownership stake in Repay Holdings Corporation's common stock as of March 31, 2025.

Summary

• BlackRock, Inc. filed an Amendment No. 5 to Schedule 13G regarding its beneficial ownership in Repay Holdings Corporation.
• As of March 31, 2025, BlackRock, Inc. beneficially owns an aggregate of 6,605,777 shares of Repay Holdings Corporation's common stock.
• This ownership represents 7.2% of the total outstanding common shares of Repay Holdings Corporation.
• BlackRock holds sole voting power over 6,445,004 shares and sole dispositive power over 6,605,777 shares.
• The filing certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
• Several BlackRock subsidiaries, including BlackRock Advisors, LLC and BlackRock Fund Advisors, are identified as entities that may beneficially own 5% or greater of the outstanding shares.

Sentiment

Score: 6

Explanation: The document is neutral in tone as it is a factual disclosure of beneficial ownership. The presence of a major institutional investor like BlackRock holding a significant stake can be seen as a positive signal of confidence, but the filing itself contains no performance-related information.

Positives

• BlackRock, a major institutional investor, maintains a significant stake in Repay Holdings, indicating continued confidence in the company.
• The filing explicitly states the shares are held for passive investment purposes, not to influence control, which can provide stability to the company's governance.

Future Outlook

This Schedule 13G filing does not contain forward-looking statements or guidance regarding Repay Holdings Corporation's future performance or BlackRock's investment strategy beyond the passive nature of the holding.

Management Comments

• "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a routine disclosure by a large institutional asset manager, BlackRock, Inc., indicating its passive ownership stake in Repay Holdings Corporation. It reflects BlackRock's portfolio management activities rather than a specific strategic move related to the payments processing industry in which Repay Holdings operates. Such filings are common for major investment firms holding significant, but non-controlling, positions across various sectors.

Comparison to Industry Standards

• This document is a standard Schedule 13G filing, which is a regulatory requirement for institutional investors acquiring more than 5% of a company's stock for passive investment purposes.
• There are no specific comparable companies or projects mentioned within this filing to assess results against industry standards, as it focuses solely on BlackRock's ownership disclosure rather than Repay Holdings' operational or financial performance.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, potentially signaling institutional confidence.
• Management: Awareness of a large, passive institutional investor on their shareholder register.

Next Steps

• BlackRock, Inc. will continue to monitor its investment in Repay Holdings Corporation.
• Further Schedule 13G amendments would be filed if BlackRock's beneficial ownership percentage changes significantly (e.g., by 1% or more) or if its investment purpose changes.

Key Dates

Keywords

BlackRock, Repay Holdings Corporation, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing, 76029L100