Form 4: Repay CTO Acquires Shares via ESPP

Repay Holdings Corp's Chief Technology Officer, David M. Guthrie, acquired 1,000 shares of Class A Common Stock through an employee stock purchase plan.

Summary

• David M. Guthrie, Chief Technology Officer of Repay Holdings Corp, acquired 1,000 shares of Class A Common Stock on November 30, 2025, at a price of $2.82 per share.
• These shares were acquired under the Repay Holdings Corporation 2021 Employee Stock Purchase Plan (ESPP).
• Concurrently, 45 shares of Class A Common Stock were disposed of at $3.32 per share on November 30, 2025, to cover tax liabilities related to the ESPP acquisition.
• Following these transactions, Mr. Guthrie directly beneficially owns 272,444 shares of Class A Common Stock.
• The transactions were made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.

Sentiment

Score: 7

Explanation: The acquisition of shares by a key executive, even if through an ESPP, generally signals confidence in the company's prospects. The tax withholding is a standard, neutral event. The overall sentiment is mildly positive due to insider buying.

Positives

• An insider, the Chief Technology Officer, increased their direct ownership in the company by acquiring 1,000 shares through the Employee Stock Purchase Plan, which can signal confidence in the company's future.
• The acquisition was made under a Rule 10b5-1(c) plan, suggesting a pre-planned and systematic approach to share ownership, reducing concerns about opportunistic timing.

Negatives

• 45 shares were disposed of to cover tax liabilities, which, while a common practice, represents a minor reduction in the gross acquisition.

Future Outlook

NA

Industry Context

This filing reflects routine insider stock activity, common across industries where executives participate in employee stock purchase plans to build equity in their companies. It does not provide broader industry trends or competitive insights.

Stakeholder Impact

• Shareholders: Increased insider ownership may be viewed positively as a sign of management's alignment with shareholder interests.

Key Dates

Recommendation

The filing indicates a routine insider transaction where the CTO acquired shares through an employee stock purchase plan and sold a small portion for tax purposes. While insider buying is generally a positive signal, this specific transaction, being part of a pre-arranged plan and relatively small in the context of the company's overall market capitalization, does not provide sufficient new information to warrant a change from a 'hold' position. It reinforces management's continued equity alignment but doesn't suggest a significant shift in company fundamentals or outlook.

Keywords

Repay Holdings Corp, RPAY, Insider Trading, Form 4, Employee Stock Purchase Plan, ESPP, David M. Guthrie, Chief Technology Officer, Stock Acquisition, Beneficial Ownership