Form 4: Repay Holdings CAO Sells Shares for Tax

Repay Holdings' Chief Accounting Officer, Thomas Sullivan, disposed of 4,670 Class A common shares to cover tax liabilities from restricted stock vesting.

Summary

• Thomas Eugene Sullivan, Chief Accounting Officer of Repay Holdings Corp (RPAY), reported a transaction involving Class A Common Stock.
• On March 19, 2026, 4,670 shares of Class A Common Stock were disposed of.
• The disposition was coded 'F', indicating shares were withheld to cover the reporting person's tax liability.
• The shares were disposed of at a price of $2.65 per share.
• Following this transaction, Thomas Sullivan beneficially owns 248,561 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It is a routine, non-discretionary transaction for tax purposes related to equity compensation and does not reflect a change in the company's operational performance or strategic direction.

Negatives

• The transaction resulted in a reduction of 4,670 shares from the Chief Accounting Officer's direct beneficial ownership.

Future Outlook

No forward-looking statements or guidance were provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that routine tax-related dispositions by insiders, such as the withholding of shares upon the vesting of restricted stock, are common occurrences across industries. These transactions are typically non-discretionary and are generally not interpreted as signals regarding management's outlook on the company's future performance or stock price.

Comparison to Industry Standards

• Not applicable as this is a routine insider transaction for tax purposes, not a performance metric or operational result that can be benchmarked against industry peers or global standards.

Stakeholder Impact

• Shareholders: A minor, non-discretionary reduction in insider ownership, which is generally not considered material.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary insider transaction for tax purposes. It does not provide new information regarding the company's financial performance, strategic direction, or operational health that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation remains appropriate based solely on this filing.

Keywords

Repay Holdings, RPAY, Form 4, Insider Transaction, Tax Withholding, Restricted Stock, Thomas Sullivan, Chief Accounting Officer