Form 4: Repay Holdings Corp: Officer Shaler Alias Reports Tax Liability Stock Transaction
SEC Form 4 Filing
Shaler Alias, President of Repay Holdings Corp, reports a transaction involving the withholding of Class A common stock to cover tax liabilities.
Summary
- On March 19, 2024, Shaler Alias, President of Repay Holdings Corp, had 5,968 shares of Class A common stock withheld to cover tax liabilities.
- The price per share for the transaction was $10.66.
- Following the transaction, Alias directly owns 480,928 shares of Class A common stock.
- Alias also indirectly owns 75,000 shares through a limited liability company where he owns all voting rights and serves as the sole member of the board of managers.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction (tax liability coverage) and doesn't inherently indicate positive or negative sentiment.
Management Comments
- The Reporting Person disclaims beneficial ownership of any securities reported herein as indirectly beneficially owned, except to the extent of his pecuniary interest therein.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to tax obligations of an officer.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of stock transaction (withholding of shares for tax liability) |
| 03/21/2024 | Date of signature on the report |
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