Form 4: Repay Holdings Corp Executive Thomas Sullivan Reports Tax Liability Stock Transaction
SEC Form 4 Filing
Thomas Sullivan, Chief Accounting Officer of Repay Holdings Corp, reports disposition of shares to cover tax liabilities related to vesting restricted stock.
Summary
- On February 19, 2025, Thomas Eugene Sullivan, Chief Accounting Officer of Repay Holdings Corp, reported a transaction involving Class A Common Stock.
- The transaction involved the disposition of 2,862 shares at a price of $7.4 to cover the reporting person's tax liability.
- Following the transaction, Sullivan beneficially owns 121,671 shares of Class A Common Stock directly.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of company stock) buy or sell shares of their company's stock. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 02/19/2025 | Date of the stock transaction (disposition of shares). |
| 02/21/2025 | Date of signature for the report. |
Keywords
Form 4, Repay Holdings Corp, RPAY, Thomas Sullivan, Chief Accounting Officer, Stock Transaction, Tax Liability, Class A Common Stock, Beneficial Ownership, SEC Filing
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