Form 4: Repay Holdings Corp: Officer Thomas Eugene Sullivan Reports Stock Transaction
SEC Form 4 Filing
Thomas Eugene Sullivan, Chief Accounting Officer of Repay Holdings Corp, reports disposition of shares to cover tax liability.
Summary
- On March 11, 2024, Thomas Eugene Sullivan, the Chief Accounting Officer of Repay Holdings Corp, disposed of 1,453 shares of Class A Common Stock.
- The transaction was executed at a price of $9.98 per share.
- The disposition was to cover the reporting person's tax liability in connection with the vesting of previously reported time-based restricted stock.
- Following the transaction, Sullivan beneficially owns 129,280 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction to cover tax obligations.
Industry Context
This is a routine Form 4 filing, indicating insider transactions. These filings are common and provide transparency into the trading activities of company insiders. Investors often monitor these filings for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The transaction has minimal direct impact on stakeholders as it is a routine sale of shares to cover tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of stock transaction: disposition of 1,453 shares. |
| 03/12/2024 | Date of signature by Attorney-in-Fact. |
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