Form 4: Repay Holdings CEO John Andrew Morris Sr. Reports Stock Disposals to Cover Tax Obligations

John Andrew Morris Sr., CEO of Repay Holdings Corp, reported disposing of Class A Common Stock to cover tax liabilities related to vesting restricted stock.

Summary

• On February 23 and 24, 2024, John Andrew Morris Sr., the CEO of Repay Holdings Corp, disposed of shares of Class A Common Stock to cover tax liabilities.
• A total of 12,851 shares were disposed of on February 23, 2024, and 7,758 shares were disposed of on February 24, 2024, both at a price of $8.33 per share.
• Following these transactions, Morris directly owns 1,942,495 shares of Class A Common Stock.
• He also indirectly owns 90,000 shares through a limited liability company and 15,000 shares through a corporation controlled by a revocable trust.
• Morris disclaims beneficial ownership of the indirectly owned securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, as it simply reports facts.

Management Comments

• The Reporting Person disclaims beneficial ownership of any securities reported herein as indirectly beneficially owned, except to the extent of his pecuniary interest therein.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but the effect is likely minimal given the relatively small number of shares involved.

Key Dates