Form 4: Repay Holdings CFO Sells 57,000 Shares Under 10b5-1 Plan

Repay Holdings CFO, Timothy John Murphy, sold 57,000 shares of Class A Common Stock at an average price of $8.25 per share, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Timothy John Murphy, the Chief Financial Officer of Repay Holdings Corp, sold 57,000 shares of Class A Common Stock on December 11, 2024.
• The shares were sold at a weighted average price of $8.25 per share, with individual transactions ranging from $8.25 to $8.26.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 6, 2024.
• Following the transaction, Murphy directly owns 450,879 shares of Class A Common Stock.
• He also indirectly owns 52,000 shares through a charitable remainder trust where he is the trustee and his spouse is an indirect beneficiary.

Sentiment

Score: 5

Explanation: The document is a routine SEC Form 4 filing for an insider stock sale under a pre-arranged plan. It does not indicate any positive or negative sentiment about the company's performance.

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

Sales by company insiders are a common occurrence and are often pre-planned using 10b5-1 plans to avoid accusations of trading on inside information. This transaction is not unusual for a company executive.

Comparison to Industry Standards

• Many executives at publicly traded companies use 10b5-1 plans to manage their stock sales, aligning with standard practices.
• The sale of 57,000 shares is not unusual for a CFO of a company of Repay Holdings' size.
• Comparable companies such as Global Payments Inc. (GPN) and Fiserv Inc. (FI) also see regular insider transactions.

Stakeholder Impact

• The sale of shares by the CFO may have a minor impact on shareholder sentiment, but is unlikely to cause significant concern given the pre-planned nature of the transaction.

Key Dates

Keywords

Repay Holdings, insider trading, Form 4, stock sale, Rule 10b5-1, Timothy John Murphy, CFO, RPAY