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

Shaler Alias, President of Repay Holdings Corp, reports changes in beneficial ownership of Class A Common Stock due to tax liability coverage.

Summary

• On February 23 and 24, 2024, Shaler Alias, President of Repay Holdings Corp, had shares of Class A Common Stock withheld to cover tax liabilities.
• These liabilities arose from the vesting of time-based restricted stock.
• A total of 2,546 and 1,739 shares were withheld on February 23 and 24 respectively, at a price of $8.33 per share.
• Following these transactions, Alias directly owns 488,606 shares of Class A Common Stock.
• Alias also indirectly owns 75,000 shares through a limited liability company where he owns all voting interests.
• The reporting person disclaims beneficial ownership of any securities reported herein as indirectly beneficially owned, except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing regarding changes in beneficial ownership 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

This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects internal stock management for tax purposes.

Key Dates