Form 4: Repay Holdings CEO Transfers Shares to Family Trust

CEO John Andrew Morris Sr. transferred 1,028,385 shares of Repay Holdings Corp Class A Common Stock to a family trust on May 10, 2024.

Summary

• On May 10, 2024, John Andrew Morris Sr., CEO of Repay Holdings Corp, reported a transaction involving Class A Common Stock.
• Mr. Morris transferred 1,028,385 shares to a family trust for no consideration.
• Following the transaction, Mr. Morris directly owns 914,110 shares.
• He also indirectly owns 1,028,385 shares through the Family Trust, 90,000 shares through a limited liability company, and 15,000 shares through a corporation owned by the Family Trust.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. The transfer of shares to a family trust doesn't inherently indicate positive or negative sentiment about the company's future.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a transfer of shares for estate planning purposes rather than a sale on the open market.

Related Party Transactions

• The transfer of shares to the Family Trust constitutes a related party transaction.

Stakeholder Impact

• The transaction itself is unlikely to have a direct impact on stakeholders, as it is a transfer of ownership rather than a sale of shares on the open market.
• The filing provides transparency to shareholders regarding insider transactions.

Key Dates