Form 4: Repay Holdings Corp: Shaler Alias Reports Changes in Beneficial Ownership

Shaler Alias, President of Repay Holdings Corp, reports a transaction involving Class A Common Stock due to tax liability coverage.

Summary

• On March 11, 2024, Shaler Alias, President of Repay Holdings Corp, reported a transaction involving Class A Common Stock.
• 1,710 shares were disposed of to cover the reporting person's tax liability in connection with the vesting of shares of time-based restricted stock.
• The price per share was $9.98.
• Following the transaction, Alias directly owns 486,896 shares of Class A Common Stock.
• Alias also indirectly owns 75,000 shares through a limited liability company where he owns all voting interests and serves as the sole member of its board of managers.

Sentiment

Score: 5

Explanation: The document is a routine filing related to stock ownership changes due to tax obligations, indicating a neutral 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

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, providing transparency to investors.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine adjustment of stock ownership due to tax obligations.

Key Dates