Repay (RPAY) CEO has shares withheld to cover restricted stock taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Repay Holdings Corp Chief Executive Officer John Andrew Morris Sr. reported a tax-related share disposition. On March 5, 2026, 38,402 shares of Class A common stock were withheld at $3.03 per share to cover his tax liability upon vesting of previously granted restricted stock, rather than through an open-market sale.
After this withholding, he directly held 1,287,966 shares of Class A common stock. He also reported indirect holdings through related entities, including trusts and entities associated with his family, with reported indirect positions of 1,028,385, 86,761, 253,041, and 15,000 shares held by those entities.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Morris John Andrew Sr.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 38,402 | $3.03 | $116K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,287,966 shares (Direct);
Class A Common Stock — 1,028,385 shares (Indirect, See footnote)
Footnotes (1)
- 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. These securities are held directly by a trust (the "Family Trust"), of which the Reporting Person's spouse is the trustee and the Reporting Person's spouse and descendants are the beneficiaries. These securities are held directly by a trust, of which the Reporting Person's spouse is the trustee and the Reporting Person and the Reporting Person's spouse and descendants are the beneficiaries. These securities are held directly by a limited liability company, of which Reporting Person owns all of the voting ownership interests and serves as the sole member of its board of managers. These securities are held directly by a corporation, of which the Family Trust owns all of the voting shares and Reporting Person serves as the sole member of its board of directors.
FAQ
What did Repay (RPAY) CEO John Andrew Morris Sr. report on this Form 4?
He reported shares withheld to cover taxes on vested restricted stock. 38,402 Class A shares were withheld at $3.03 per share, reflecting a tax-withholding disposition rather than an open-market sale, tied to previously reported time-based awards.
Was the Repay (RPAY) CEO’s Form 4 transaction an open-market stock sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 38,402 shares were withheld by the issuer at $3.03 per share to satisfy the CEO’s tax liability on vested restricted stock.
How do the family trusts and entities relate to Repay (RPAY) CEO’s holdings?
Some shares are held by a Family Trust and another trust where his spouse is trustee, and by an LLC and a corporation linked to his family. The Form 4 explains these entities’ roles in holding indirect positions in Repay Class A stock.