Repay Holdings (NASDAQ: RPAY) CTO sees 6,627 shares withheld for tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Repay Holdings Corp Chief Technology Officer David M. Guthrie reported a routine tax-related share disposition. On the vesting of previously granted time-based restricted stock, 6,627 shares of Class A common stock were withheld to cover his tax liability rather than sold on the open market. After this withholding event, he directly holds 457,185 shares, so the filing mainly reflects compensation-related tax treatment rather than an active trading decision.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Guthrie David M
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 6,627 | $2.65 | $18K |
Holdings After Transaction:
Class A Common Stock — 457,185 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did RPAY executive David Guthrie report on this Form 4?
David Guthrie reported a tax-related disposition where 6,627 Repay Holdings Class A shares were withheld to cover taxes on vested restricted stock. This was not an open-market sale but a standard mechanism to satisfy income tax obligations on equity compensation.
What does transaction code F mean in the RPAY Form 4 for David Guthrie?
Transaction code F indicates payment of exercise price or tax liability by delivering securities. In this case, 6,627 Repay Holdings shares were withheld to satisfy David Guthrie’s tax obligations on vested time-based restricted stock previously granted as compensation.
Is the RPAY Form 4 for David Guthrie a routine compensation event?
Yes, the filing describes a routine compensation-related event. Shares of Repay Holdings were withheld to cover David Guthrie’s tax liability when his restricted stock vested, reflecting standard equity compensation administration rather than a discretionary buy or sell decision.