4/A: Forager Fund Adjusts Repay Holdings Stake

Forager Fund L.P. has amended its prior filings to correct the acquisition codes for recent transactions involving Repay Holdings Corp. Class A Common Stock.

Summary

• This filing is an amendment to a previously filed Form 4, correcting the transaction codes for shares of Repay Holdings Corp. Class A Common Stock.
• The original filing incorrectly indicated dispositions of shares, but the amendment clarifies that these were acquisitions.
• The reporting persons, Forager Fund, L.P., Forager Capital Management, LLC, Edward Kissel, and Robert MacArthur, are involved in these transactions.
• The transactions occurred on March 25, 2026, March 26, 2026, and March 27, 2026.
• The total beneficial ownership of Class A Common Stock following these transactions is 9,242,937 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it's an amendment to correct reporting errors rather than a new strategic announcement or significant change in holdings that would strongly influence sentiment.

Positives

• The amendment clarifies that Forager Fund has been acquiring shares rather than disposing of them, indicating continued investment or increased stake.
• The reporting persons are providing full information regarding the number of shares purchased at each separate price upon request, demonstrating transparency.

Negatives

• The initial filing contained errors regarding the nature of the transactions (acquisition vs. disposition), requiring an amendment.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 amendment, which solely concerns past transactions and ownership adjustments.

Management Comments

• Each of the reporting persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any.

Industry Context

StockSavvy.ai notes that Form 4 filings are crucial for tracking insider activity and significant ownership changes, which can provide signals about management's or major shareholders' confidence in the company's prospects. This amendment corrects previous reporting errors, clarifying Forager Fund's position as an acquirer.

Stakeholder Impact

• Shareholders: The clarification of acquisitions may be viewed positively, indicating sustained or increased interest from a significant holder. However, the initial error could raise minor concerns about reporting accuracy.

Next Steps

• The reporting persons will provide full information regarding the number of shares purchased at each separate price upon request from the issuer, any security holder, or the SEC staff.

Key Dates

Keywords

Form 4, SEC Filing, Repay Holdings Corp, Forager Fund, Class A Common Stock, Beneficial Ownership, Securities Exchange Act, Insider Trading