Form 4: Repay Holdings Corp Executive Vice President Reports Changes in Beneficial Ownership
SEC Form 4
Naomi Barnett, Executive Vice President of Repay Holdings Corp, reports the disposal of shares to cover tax liabilities related to vesting restricted stock.
Summary
- On February 23 and 24, 2024, Naomi Barnett, Executive Vice President of Repay Holdings Corp, disposed of 1,308 and 1,119 shares of Class A Common Stock, respectively, to cover tax liabilities.
- The shares were withheld at a price of $8.33 per share.
- Following these transactions, Barnett directly owns 127,762 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates the executive vice president disposed of shares to cover tax obligations.
Stakeholder Impact
- The disposal of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the disposal.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Disposal of 1,308 shares of Class A Common Stock to cover tax liability. |
| 02/24/2024 | Disposal of 1,119 shares of Class A Common Stock to cover tax liability. |
| 02/27/2024 | Date of signature for the Form 4 filing. |
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