Form 4: Repay Holdings Executive Vice President Alexander M. Cohen Reports Stock Disposals to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing


Alexander M. Cohen, Executive Vice President of Repay Holdings Corporation, reported disposing of Class A Common Stock to cover tax liabilities related to vesting restricted stock.

Summary

  • On February 23 and 24, 2024, Alexander M. Cohen, an Executive Vice President at Repay Holdings Corporation, disposed of shares of Class A Common Stock.
  • The disposals were made to cover the reporting person's tax liability in connection with the vesting of time-based restricted stock.
  • On February 23, 2024, 1,313 shares were disposed of at a price of $8.33.
  • On February 24, 2024, 529 shares were disposed of at a price of $8.33.
  • Following these transactions, Cohen beneficially owns 160,404 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive stock transactions and is typical for publicly traded companies. It provides transparency into insider trading activities.

Stakeholder Impact

  • The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the relatively small number of shares involved.

Key Dates

DateDescription
02/23/2024Disposal of 1,313 shares of Class A Common Stock at $8.33.
02/24/2024Disposal of 529 shares of Class A Common Stock at $8.33.
02/27/2024Date of signature for the Form 4 filing.

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