Form 4: Repay Holdings Corp CFO Timothy John Murphy Reports Sale of Class A Common Stock
SEC Form 4 Filing
Timothy John Murphy, CFO of Repay Holdings Corp, reported the sale of 10,549 shares of Class A Common Stock on March 13, 2024, according to a Form 4 filing with the SEC.
Summary
- On March 13, 2024, Timothy John Murphy, the Chief Financial Officer of Repay Holdings Corp, sold 10,549 shares of Class A Common Stock.
- The sale was executed at a price of $11 per share.
- Following the transaction, Murphy directly owns 574,850 shares of Class A Common Stock.
- Murphy also indirectly owns 52,000 shares through a charitable remainder trust.
Sentiment
Score: 5
Explanation: The document is a neutral report of an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It provides transparency to the market regarding the transactions of company executives.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although the existence of a pre-arranged 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 08/28/2023 | Date of adoption of Rule 10b5-1 plan |
| 03/13/2024 | Date of transaction (sale of shares) |
| 03/15/2024 | Date of signature on the Form 4 |
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