Repay (RPAY) EVP Disposes 26,385 Shares; Post-Sale Holding 193,532
Rhea-AI Filing Summary
Repay Holdings Corp (RPAY) reporting person Jacob Hamilton Moore, Executive Vice President, sold 26,385 shares of Class A common stock on 09/12/2025 at a weighted-average price of $5.89 per share (individual sale prices ranged from $5.88 to $5.92). After the disposition, the reporting person beneficially owns 193,532 shares, reported as direct ownership. The filer notes the weighted-average price and offers to provide a breakdown of share quantities sold at each price upon request. The Form 4 was executed via a power of attorney.
Positive
- Transparent pricing disclosure: weighted-average sale price provided with a stated range ($5.88–$5.92) and offer to supply per-trade quantities
- Continued insider ownership: reporting person retains 193,532 shares after the sale, indicating ongoing alignment with shareholders
Negative
- Insider disposition: sale of 26,385 shares represents a reduction in the reporting person's direct holdings
Insights
TL;DR: Insider sale of 26,385 shares at ~$5.89 reduces direct stake but leaves meaningful ownership of 193,532 shares.
The transaction is a routine Section 16 disclosure showing an insider disposition rather than acquisition. The sale size relative to the remaining holding suggests a partial liquidity event rather than full exit. The weighted-average price disclosure and range clarify execution; the filer offers detailed breakdowns if requested, which supports transparency. No derivative transactions or additional compensatory grants are reported.
TL;DR: Disclosure complies with Form 4 requirements; sale executed under power of attorney and post-sale ownership remains notable.
The filing identifies the reporting person as an Executive Vice President and indicates direct beneficial ownership after the sale. The inclusion of a power of attorney exhibit and the offer to supply per-price quantities indicates procedural completeness. There are no governance red flags such as abandonment of position or unexplained transfers; this appears to be an ordinary insider sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 26,385 | $5.89 | $155K |
Footnotes (1)
- F1. The sales price indicated is a weighted average sales price. The corresponding shares were sold in multiple transactions at prices ranging from $5.88 to $5.92 inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth.
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