Forager Fund (RPAY) acquires 950,000 Repay Holdings Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Repay Holdings Corp large shareholder Forager Fund, L.P. reported open-market purchases of a combined 950,000 shares of Class A common stock. The fund bought 488,391 shares on April 1 at a weighted average price of $2.54 and 461,609 shares on April 2 at a weighted average price of $2.53, with actual trade prices ranging between $2.42 and $2.60. Following these transactions, the filing shows 10,192,937 shares of Class A common stock held directly. The purchases are reported jointly by Forager Fund, its general partner Forager Capital Management, LLC, and principals Edward Urban Kissel and Robert Symmes MacArthur, who share voting and dispositive authority but each disclaim beneficial ownership beyond their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 950,000 shares ($2,408,384)
Net Buy
2 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
950,000 shs ($2.41M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock, $0.0001 par value per share | 461,609 | $2.53 | $1.17M |
| Purchase | Class A Common Stock, $0.0001 par value per share | 488,391 | $2.54 | $1.24M |
Holdings After Transaction:
Class A Common Stock, $0.0001 par value per share — 10,192,937 shares (Direct)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.49 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. 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 $2.42 to $2.595, 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: 950,000 shares
April 1 purchase: 488,391 shares at $2.54
April 2 purchase: 461,609 shares at $2.53
+3 more
6 metrics
Total shares purchased
950,000 shares
Open-market buys on April 1–2, 2026
April 1 purchase
488,391 shares at $2.54
Weighted average price, multiple trades
April 2 purchase
461,609 shares at $2.53
Weighted average price, multiple trades
Post-transaction holdings
10,192,937 shares
Class A common stock directly held after latest buy
Price range April 1
$2.42–$2.595
Per-footnote trade price range for that day
Price range April 2
$2.49–$2.60
Per-footnote trade price range for that day
Key Terms
open-market purchase, weighted average price, beneficial ownership, pecuniary interest, +1 more
5 terms
open-market purchase financial
"transaction_action is described as an open-market purchase of Class A common stock"
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.
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.
beneficial ownership financial
"Each of the reporting persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest"
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.
pecuniary interest financial
"disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein"
ten percent owner financial
"Forager Fund, L.P. and Forager Capital Management, LLC are each indicated as a ten percent owner"
FAQ
What is Forager Fund’s ownership position in Repay Holdings (RPAY) after these transactions?
After the reported open-market purchases, the filing lists 10,192,937 shares of Repay Holdings Class A common stock held directly. Each reporting person, including the fund and related entities, disclaims beneficial ownership beyond their individual pecuniary interest in these shares.
Who are the reporting persons in the Repay Holdings (RPAY) Form 4 insider purchase?
The reporting persons are Forager Fund, L.P., its general partner Forager Capital Management, LLC, and principals Edward Urban Kissel and Robert Symmes MacArthur. The general partner directly holds 100 shares; all other reported shares are held by the fund.
Are the Repay Holdings (RPAY) trades in this Form 4 single-price or averaged transactions?
The trades are reported using weighted average prices for each day. Footnotes explain that shares were purchased in multiple transactions within specified price ranges and that detailed per-trade pricing information is available upon request from the reporting persons.