Form 4: Repay Holdings CFO Timothy Murphy Reports Stock Transactions

Timothy Murphy, CFO of Repay Holdings Corp, reports the disposition of shares to cover tax liabilities and sales under a pre-arranged 10b5-1 plan.

Summary

• On March 19, 2024, Timothy Murphy, the CFO of Repay Holdings Corporation, had shares withheld to cover tax liabilities related to vesting restricted stock.
• Specifically, 9,651 shares of Class A Common Stock were withheld at a price of $10.66 per share.
• On March 21, 2024, Murphy sold 58,275 shares of Class A Common Stock at a weighted average price of $11.03.
• These sales were executed under a Rule 10b5-1 plan adopted on August 28, 2023.
• Following these transactions, Murphy directly owns 506,924 shares of Class A Common Stock.
• Murphy 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 sentiment is neutral as the filing simply reports transactions by an insider, with sales occurring under a pre-arranged plan. There is no indication of positive or negative implications for the company's performance.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the trading activities of company insiders. The use of 10b5-1 plans is a common practice to allow insiders to sell shares without being accused of trading on non-public information.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the use of a 10b5-1 plan suggests no material inside information is being used.

Key Dates