Forager Fund (NASDAQ: RPAY) buys 913,711 Repay Holdings shares in amendment
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Repay Holdings Corp reported that entities affiliated with Forager Capital made open-market purchases of its Class A common stock, and this Form 4 amendment corrects the original filing to show the trades as acquisitions rather than dispositions. Forager Fund, L.P. bought a total of 913,711 shares across three days at weighted average prices of $2.42, $2.57 and $2.68 per share. Following these transactions, Forager Fund directly holds 11,106,648 shares, and Forager Capital Management, LLC directly holds 100 shares. Principals Edward Kissel and Robert MacArthur share voting and dispositive authority through the general partner, and all reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 913,711 shares ($2,304,426)
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
913,711 shs ($2.30M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock, $0.0001 par value per share | 78,991 | $2.68 | $212K |
| Purchase | Class A Common Stock, $0.0001 par value per share | 484,720 | $2.57 | $1.25M |
| Purchase | Class A Common Stock, $0.0001 par value per share | 350,000 | $2.42 | $847K |
Holdings After Transaction:
Class A Common Stock, $0.0001 par value per share — 11,106,648 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 April 9, 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 $2.315 to $2.45, 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 $2.505 to $2.60, 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 $2.645 to $2.76, 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: 913,711 shares
Shares after transactions (Fund): 11,106,648 shares
Shares after transactions (General Partner): 100 shares
+3 more
6 metrics
Total shares purchased
913,711 shares
Open-market purchases of Class A common stock reported in Form 4/A
Shares after transactions (Fund)
11,106,648 shares
Class A common stock directly held by Forager Fund, L.P. after trades
Shares after transactions (General Partner)
100 shares
Class A common stock directly held by Forager Capital Management, LLC
Purchase on April 7, 2026
350,000 shares at $2.42
Open-market purchase of Class A common stock
Purchase on April 8, 2026
484,720 shares at $2.57
Open-market purchase of Class A common stock
Purchase on April 9, 2026
78,991 shares at $2.68
Open-market purchase of Class A common stock
Key Terms
weighted average price, pecuniary interest, ten percent owner, Class A common stock, +1 more
5 terms
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 therein"
ten percent owner financial
"is_ten_percent_owner": 1"
Class A common stock financial
"Class A common stock, $0.0001 par value per share"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
FAQ
Why was this Repay Holdings (RPAY) Form 4/A filed as an amendment?
The Form 4/A was filed to correct the transaction codes in a prior Form 4. The original filing mistakenly showed the trades as dispositions, and this amendment clarifies that the Class A common stock shares were acquired by the reporting persons instead.
At what prices did Forager buy Repay Holdings (RPAY) stock?
The reporting persons bought RPAY shares at weighted average prices of $2.42, $2.57 and $2.68 per share. Footnotes explain these averages reflect multiple trades in ranges from $2.315 to $2.76, and full trade-by-trade details are available on request.
What does the weighted average price disclosure mean in the RPAY Form 4/A?
Weighted average price means each reported per-share figure combines multiple trades executed at slightly different prices. For the RPAY purchases, the filing notes ranges such as $2.315 to $2.45, and the reporting persons offer to provide detailed trade breakdowns upon request.