Form 4: Repay Holdings Corp: General Counsel Dempsey Tyler B Reports Stock Disposals to Cover Tax Obligations

Tyler B. Dempsey, General Counsel of Repay Holdings Corp, reported the disposal of Class A Common Stock to cover tax liabilities related to vesting restricted stock.

Summary

• On February 23 and 24, 2024, Tyler B. Dempsey, the General Counsel of Repay Holdings Corp, disposed of shares of Class A Common Stock.
• The disposals were made to cover the reporting person's tax liability in connection with the vesting of time-based restricted stock.
• On February 23, 2024, 2,259 shares were disposed of at a price of $8.33.
• On February 24, 2024, 1,625 shares were disposed of at a price of $8.33.
• Following these transactions, Dempsey directly owns 267,319 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an insider to cover tax obligations, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates that the General Counsel sold shares to cover tax obligations, which is a common practice.

Stakeholder Impact

• The disposal of shares by an insider could have a minor impact on shareholder sentiment, but is unlikely to significantly affect the stock price as it is for tax purposes.

Key Dates