RPAY director sells 4,500 shares at $3.50, holds 131,456

Repay Holdings Corp (RPAY) director reports small share sale A director of Repay Holdings Corp reported selling 4,500 shares of Class A common stock on 11/17/2025 at a price of $3.50 per share.

Accepted by SEC EDGAR 11/19/2025 - 05:28 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Repay Holdings Corp (RPAY) director reports small share sale

A director of Repay Holdings Corp reported selling 4,500 shares of Class A common stock on 11/17/2025 at a price of $3.50 per share. After this transaction, the director beneficially owns 131,456 shares directly. According to the disclosure, the shares were sold to satisfy mandatory liquidation requirements of the reporting person's self-directed 401(k) plan in connection with a rollover.

Insider Trade Summary

Net Seller: 4,500 shares

Net Sell 1 txn

Insider THORNBURGH RICHARD E

Role Director

Sold 4,500 shs ($16K)

Share of Position Sold 3.3%

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	4,500	$3.50	$16K

Holdings After Transaction: Class A Common Stock — 131,456 shares (Direct)

Holdings Before and After: Class A Common Stock, 135,956 to 131,456 shares (Direct)

Footnotes (1)

1. F1. Shares sold to satisfy mandatory liquidation requirements of the reporting person's self-directed 401(k) plan in connection with a rollover.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did RPAY disclose in this Form 4?

A director of Repay Holdings Corp (RPAY) disclosed the sale of 4,500 shares of Class A common stock on 11/17/2025 at $3.50 per share.

How many RPAY shares does the reporting person own after this transaction?

Following the reported sale, the reporting person beneficially owns 131,456 shares of RPAY Class A common stock, held directly.

Why were the RPAY shares sold according to the filing?

The filing states the shares were sold to satisfy mandatory liquidation requirements of the reporting person's self-directed 401(k) plan in connection with a rollover.

What is the role of the reporting person at Repay Holdings Corp (RPAY)?

The reporting person is identified as a director of Repay Holdings Corp (RPAY).

Is this RPAY Form 4 filed by one or multiple reporting persons?

The Form 4 is indicated as being filed by one reporting person.

What type of security was involved in the RPAY Form 4 transaction?

The transaction involved Class A common stock of Repay Holdings Corp (RPAY).

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

THORNBURGH RICHARD E

(Last) (First) (Middle)

C/O REPAY HOLDINGS CORPORATION

3060 PEACHTREE ROAD NW, SUITE 1100

(Street)

ATLANTA GA 30305

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Repay Holdings Corp [ RPAY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/17/2025		S(1)		4,500	D	$3.5	131,456	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares sold to satisfy mandatory liquidation requirements of the reporting person's self-directed 401(k) plan in connection with a rollover.

	/s/ Tyler B. Dempsey, as Attorney-in-Fact	11/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.