Form 4: Repay Holdings Director Emnet Rios Granted 34,000 Restricted Stock Units

Repay Holdings Corp. Director Emnet Rios was granted 34,000 Class A Common Stock restricted stock units, increasing her beneficial ownership to 97,103 shares.

Summary

• Emnet Legesse Rios, a Director of Repay Holdings Corp. (RPAY), acquired 34,000 shares of Class A Common Stock on June 12, 2025.
• The acquisition was a grant of restricted stock units (RSUs) with a transaction price of $0 per share.
• Following this transaction, Ms. Rios beneficially owns 97,103 shares of Class A Common Stock.
• The RSUs are set to vest on the earlier of the one-year anniversary of the grant date or the next regularly scheduled annual meeting of stockholders that is at least 50 weeks after the grant date.
• The shares underlying the units will be issued to Ms. Rios after she ceases to be a director of Repay Holdings Corp., as per the award agreement terms.
• A Power of Attorney was granted by Emnet Rios on May 19, 2025, authorizing Tyler B. Dempsey and Thomas E. Sullivan to execute SEC filings on her behalf.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is a positive signal, indicating alignment of interests and confidence in the company's future, though it's a routine compensation event rather than a major strategic announcement.

Positives

• The grant of 34,000 restricted stock units to a director aligns the director's interests with those of the shareholders, promoting long-term commitment and performance.
• The increase in beneficial ownership to 97,103 shares demonstrates continued confidence by the director in the company's future.

Future Outlook

The granted restricted stock units are subject to a vesting schedule, with shares to be issued upon the earlier of the one-year anniversary of the grant date or the next regularly scheduled annual meeting of stockholders (at least 50 weeks after grant date). The actual issuance of shares will occur after the reporting person ceases to be a director of the Issuer.

Industry Context

This Form 4 filing reflects a standard practice of compensating directors with equity awards, which is common across various industries to align leadership incentives with shareholder value creation.

Corporate Governance

Related Party Transactions

• The grant of restricted stock units to a director is considered a related party transaction as it involves compensation from the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The equity grant aligns the director's financial interests with long-term shareholder value creation, potentially leading to more focused governance and strategic decisions.
• Management: The grant is part of the compensation structure for the board, reflecting the company's approach to attracting and retaining qualified directors.

Next Steps

• Vesting of the 34,000 restricted stock units on the earlier of the one-year anniversary of the grant date or the next regularly scheduled annual meeting of stockholders (at least 50 weeks after grant date).
• Issuance of the underlying shares to Emnet Rios after she ceases to be a director of Repay Holdings Corp.

Key Dates

Keywords

Repay Holdings Corp, RPAY, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Director Compensation, Equity Grant, Beneficial Ownership