Form 4: Repay Holdings CFO Timothy Murphy Reports Stock Sales and Tax Liability Coverage

Timothy Murphy, CFO of Repay Holdings Corp, reports selling shares and covering tax liabilities related to vested stock.

Summary

• On March 8, 2024, Timothy Murphy, the CFO of Repay Holdings Corp, sold 47,195 shares of Class A Common Stock at a price of $10 per share.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 28, 2023.
• On March 11, 2024, 2,713 shares were withheld to cover Mr. Murphy's tax liability related to the vesting of restricted stock at a price of $9.98.
• Following these transactions, Mr. Murphy directly owns 585,399 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 filing reflects routine transactions (stock sale under 10b5-1 plan and tax liability coverage) and doesn't inherently indicate positive or negative 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 standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.
• The tax liability coverage does not directly impact stakeholders.

Key Dates