Form 4: Repay Holdings Corp: Officer Guthrie Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David M. Guthrie, Chief Technology Officer of Repay Holdings Corp, sold shares of Class A Common Stock to cover tax liabilities related to vesting restricted stock.
Summary
- On March 19, 2024, David M. Guthrie, the Chief Technology Officer of Repay Holdings Corp, disposed of 6,694 shares of Class A Common Stock.
- The shares were sold at a price of $10.66 per share.
- The transaction was executed to cover the reporting person's tax liability in connection with the vesting of time-based restricted stock.
- Following the transaction, Guthrie directly owns 179,906 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 positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of insider trading activity and are closely monitored by investors for signals about a company's prospects. This particular filing indicates a sale to cover tax obligations, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of transaction: Guthrie disposed of shares to cover tax liability. |
| 03/21/2024 | Date of signature on the Form 4 filing. |
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