Repay (NASDAQ: RPAY) EVP has 5,105 shares withheld to cover tax liability
Rhea-AI Filing Summary
Repay Holdings Corp Executive Vice President Naomi Barnett reported a tax-related share disposition. On the vesting of previously reported time-based restricted stock, 5,105 shares of Class A common stock were withheld at $3.03 per share to cover her tax liability. After this non‑open‑market, tax-withholding transaction, she directly holds 168,261 shares of Repay Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,105 shares
Net Sell
1 txn
Insider
Barnett Naomi
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 5,105 | $3.03 | $15K |
Holdings After Transaction:
Class A Common Stock — 168,261 shares (Direct)
Footnotes (1)
- F1. Reflects shares of Class A common stock of the Issuer 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.
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FAQ
What did Repay (RPAY) Executive Vice President Naomi Barnett report on this Form 4?
Naomi Barnett reported a tax-related share disposition. 5,105 shares of Repay Class A common stock were withheld at $3.03 per share to satisfy taxes from vesting time-based restricted stock, leaving her with 168,261 shares directly owned.
Was Naomi Barnett’s Repay (RPAY) Form 4 transaction an open-market sale?
The transaction was not an open-market sale. Code F and the footnote show 5,105 shares were withheld to cover her tax liability upon vesting of time-based restricted stock, rather than shares being sold on the open market.