Form 4: Repay Holdings EVP Sells Stock for Tax Obligations

Sentiment:

Insider Transaction Report


Repay Holdings Executive Vice President Naomi Barnett disposed of Class A Common Stock to cover tax liabilities related to restricted stock vesting.

Summary

  • Naomi Barnett, Executive Vice President of Repay Holdings Corp (RPAY), reported transactions involving the company's Class A Common Stock.
  • On February 19, 2026, 4,008 shares of Class A Common Stock were disposed of at a price of $3.14 per share.
  • On February 23, 2026, an additional 1,297 shares of Class A Common Stock were disposed of at a price of $3.06 per share.
  • These disposals were made to cover the reporting person's tax liability in connection with the vesting of previously reported time-based restricted stock.
  • Following these transactions, Naomi Barnett beneficially owns 173,366 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the transactions are routine tax-related sales of vested restricted stock and do not reflect a discretionary sale by the insider.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that routine insider sales for tax purposes, especially those related to the vesting of restricted stock, are a common occurrence across industries and are generally not indicative of a change in management's fundamental outlook on the company's prospects.

Corporate Governance

Change TypeDescriptionEffective DateImpact Assessment
Power of Attorney GrantNaomi Barnett granted Power of Attorney to Tyler B. Dempsey and Thomas E. Sullivan to execute and deliver SEC forms (Form 3, Form 4, Form 5) on her behalf, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934.May 16, 2025Streamlines the process for the reporting person to comply with SEC filing requirements, enhancing administrative efficiency for insider transaction reporting.

Stakeholder Impact

  • Shareholders: Minimal direct impact as these are routine tax-related sales, not a discretionary divestment indicating a change in confidence by the executive.

Key Dates

DateDescription
May 16, 2025Date Naomi Barnett granted Power of Attorney to Tyler B. Dempsey and Thomas E. Sullivan for SEC filings.
02/19/2026Transaction date for the disposal of 4,008 shares of Class A Common Stock.
02/23/2026Transaction date for the disposal of 1,297 shares of Class A Common Stock.

Recommendation

hold

The filing details routine insider sales to cover tax obligations from restricted stock vesting, which is a common and expected event. It does not provide new information about the company's operational performance or strategic direction that would warrant a change in investment recommendation.

Keywords

Repay Holdings, RPAY, Naomi Barnett, Form 4, Insider Transaction, Stock Sale, Tax Liability, Restricted Stock, Executive Compensation

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