Forager Fund boosts Repay Holdings (RPAY) stake with 642,837-share buy
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Repay Holdings Corp’s large shareholder group led by Forager Fund, L.P. filed an amended Form 4 to correct earlier coding and confirm recent open-market share purchases. The reporting persons bought a total of 642,837 shares of Class A common stock at weighted average prices around $3 per share over three days.
Following these acquisitions, their reported direct holdings increased to 9,242,937 shares. The shares are primarily held by Forager Fund, L.P., with Forager Capital Management, LLC as general partner and its principals Edward Urban Kissel and Robert Symmes MacArthur sharing voting and disposal authority, subject to each party’s pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Large 10% holder reports net open-market purchases totaling 642,837 shares.
Forager Fund, L.P. and related reporting persons acquired 642,837 shares of Repay Holdings Corp Class A common stock through three open-market purchases at prices between roughly $2.815 and $3.07. These are straightforward buy transactions, not option exercises or tax events.
After these trades, their reported direct holdings rose to 9,242,937 shares, indicating a sizable ongoing position. The filing is an amendment clarifying that these transactions were acquisitions rather than dispositions, removing ambiguity about the direction of the earlier-reported activity.
Insider Trade Summary
Net Buyer: 642,837 shares ($1,935,060)
Net Buy
3 txns
Insider
Forager Fund, L.P., Forager Capital Management, LLC, Kissel Edward Urban, MacArthur Robert Symmes
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner
Bought
642,837 shs ($1.94M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock, $0.0001 par value per share | 180,858 | $3.05 | $552K |
| Purchase | Class A Common Stock, $0.0001 par value per share | 287,200 | $3.04 | $873K |
| Purchase | Class A Common Stock, $0.0001 par value per share | 174,779 | $2.92 | $510K |
Holdings After Transaction:
Class A Common Stock, $0.0001 par value per share — 9,242,937 shares (Direct)
Footnotes (1)
- This Form 4 amendment is being filed solely to correct the acquisition/disposition code for each transaction reported in the Form 4 originally filed by the reporting persons on March 27, 2026 to indicate that the shares of Class A common stock were acquired (A) by the reporting persons rather than disposed of (D) by the reporting persons. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.815 to $3.05, inclusive. The reporting persons undertake to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within this range. Forager Capital Management, LLC (the "General Partner") is the general partner of Forager Fund, L.P., a Delaware limited partnership (the "Fund") and directly holds 100 shares of Class A common stock. All other shares of the issuer's Class A common stock reported herein are directly held by the Fund. Each of Messrs. Kissel and MacArthur is a principal of the General Partner and has shared authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, the shares on behalf of the General Partner. Each of the reporting persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.005 to $3.05, inclusive. The reporting persons undertake to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within this range. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.01 to $3.07, inclusive. The reporting persons undertake to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within this range.
Key Figures
Total shares purchased: 642,837 shares
Purchase on 2026-03-27: 180,858 shares at $3.05/share
Purchase on 2026-03-26: 287,200 shares at $3.04/share
+4 more
7 metrics
Total shares purchased
642,837 shares
Net open-market buys reported in this Form 4/A
Purchase on 2026-03-27
180,858 shares at $3.05/share
Class A common stock open-market purchase
Purchase on 2026-03-26
287,200 shares at $3.04/share
Class A common stock open-market purchase
Purchase on 2026-03-25
174,779 shares at $2.92/share
Class A common stock open-market purchase
Holdings after latest trade
9,242,937 shares
Total Class A shares directly held after 2026-03-27
Price range (lowest series)
$2.815–$3.05 per share
Weighted average price range disclosed in a footnote
Price range (highest series)
$3.01–$3.07 per share
Weighted average price range disclosed in a footnote
Key Terms
Form 4 amendment, weighted average price, pecuniary interest, beneficial ownership, +1 more
5 terms
Form 4 amendment regulatory
"This Form 4 amendment is being filed solely to correct the acquisition/disposition code"
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
pecuniary interest financial
"disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest"
beneficial ownership financial
"Each of the reporting persons disclaims beneficial ownership of such shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
ten percent owner regulatory
"is_ten_percent_owner": 1"
FAQ
What insider activity did Forager entities report in Repay Holdings (RPAY)?
Forager Fund, L.P. and related reporting persons reported buying 642,837 Repay Holdings Class A shares in open-market transactions. These purchases occurred over three days, with prices generally around $3 per share, and increased their reported direct holdings to 9,242,937 shares.
Why was this Form 4 for Repay Holdings (RPAY) filed as an amendment?
The filing is an amendment to correct the acquisition/disposition code on a prior Form 4. It clarifies that the reported Repay Holdings Class A common stock transactions were acquisitions (A) by the reporting persons, not dispositions (D), removing earlier confusion about the direction of trading.
At what prices were the Repay Holdings (RPAY) insider purchases made?
The purchases used weighted average prices, with ranges disclosed in footnotes. Transactions occurred between $2.815 and $3.07 per share, and specific column prices included $2.92, $3.04, and $3.05, reflecting multiple trades within each day’s price range.