Form 4: Repay Holdings Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David M. Guthrie, Chief Technology Officer of Repay Holdings Corp, disposed of shares to cover tax liabilities related to vesting restricted stock.
Summary
- On February 23, 2024, David M. Guthrie, the Chief Technology Officer of Repay Holdings Corp, disposed of 2,128 shares of Class A Common Stock.
- The shares were sold at a price of $8.33 per share.
- This transaction was to cover the reporting person's tax liability in connection with the vesting of time-based restricted stock.
- Following the transaction, Guthrie directly owns 186,600 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations, with no indication of a change in the executive's long-term outlook on the company.
Industry Context
Form 4 filings are a routine part of insider trading activity and are closely watched by investors for signals about a company's prospects. This particular filing relates to covering tax obligations, which is a common reason for stock sales by executives.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of transaction: Guthrie disposed of shares to cover tax liability. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.