Form 4: Repay Holdings Officer Sells Shares for Tax Obligations

Repay Holdings' Chief Accounting Officer, Thomas Sullivan, disposed of Class A common stock to cover tax liabilities related to restricted stock vesting.

Summary

• Thomas Eugene Sullivan, Chief Accounting Officer of Repay Holdings Corp (RPAY), reported transactions involving the company's Class A Common Stock.
• On February 19, 2026, 2,846 shares were disposed of at a price of $3.14 per share.
• An additional 1,354 shares were disposed of on February 23, 2026, at a price of $3.06 per share.
• These disposals were coded as 'F' transactions, indicating shares withheld by the Issuer to cover the Reporting Person's tax liability in connection with the vesting of previously reported time-based restricted stock.
• Following these transactions, Thomas Sullivan beneficially owns 165,306 shares of Repay Holdings Corp Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the transactions represent routine tax withholdings upon restricted stock vesting, rather than discretionary sales that would signal a change in insider confidence.

Future Outlook

NA

Management Comments

• Shares of Class A common stock were withheld to cover the Reporting Person's tax liability in connection with the vesting of shares of time-based restricted stock previously reported by the Reporting Person.

Industry Context

StockSavvy.ai notes that tax-related sales by executives, such as those reported in this Form 4, are a common and routine occurrence when restricted stock vests. These transactions are typically not indicative of a change in an executive's sentiment towards the company's future prospects, but rather a standard part of executive compensation and personal tax planning.

Stakeholder Impact

• Shareholders: Experience a minor, routine dilution from the shares withheld for tax purposes, which is generally expected as part of executive compensation structures.

Key Dates

Recommendation

The reported transactions are routine tax withholdings associated with the vesting of restricted stock, not discretionary sales. As such, they do not provide new fundamental information to alter an investment thesis, warranting a 'hold' recommendation based solely on this filing.

Keywords

Repay Holdings, RPAY, Form 4, insider transaction, tax withholding, restricted stock, executive compensation