Form 4: Repay Holdings CFO Timothy Murphy Reports Stock Disposals to Cover Tax Obligations

Timothy Murphy, CFO of Repay Holdings, reported disposing of Class A Common Stock to cover tax liabilities related to vesting restricted stock.

Summary

• On February 23 and 24, 2024, Timothy Murphy, the Chief Financial Officer of Repay Holdings Corp, disposed of shares of Class A Common Stock to cover tax liabilities.
• A total of 4,165 shares were disposed of on February 23, 2024, and 2,643 shares were disposed of on February 24, 2024, both at a price of $8.33 per share.
• Following these transactions, Murphy directly owns 656,936 shares of Class A Common Stock.
• Murphy also indirectly owns 43,528 shares through a limited liability company and 52,000 shares through a charitable remainder trust.
• Murphy 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 related to stock transactions for tax purposes, indicating a neutral sentiment.

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

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the relatively small number of shares involved.

Key Dates