Forager Fund, L.P. 4
4 · Repay Holdings Corp · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
Repay Holdings (RPAY) 10% Owner Forager Fund Buys 913,711 Shares
What Happened
Forager Fund, L.P. — a reported 10% owner of Repay Holdings (RPAY) — purchased a total of 913,711 shares in open-market transactions between April 7 and April 9, 2026 (transaction code P = purchase). The trades break down as:
- Apr 7, 2026: 350,000 shares at a weighted avg price $2.42 — reported value $847,000 (see footnote on price range).
- Apr 8, 2026: 484,720 shares at a weighted avg price $2.57 — reported value $1,245,730.
- Apr 9, 2026: 78,991 shares at a weighted avg price $2.68 — reported value $211,696. Total reported consideration across the three dates: $2,304,426. These were purchases (adds to the holder’s position).
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-04-07: 350,000 shares @ $2.42 (weighted avg; actual prices ranged $2.315–$2.45) — footnote F1.
- 2026-04-08: 484,720 shares @ $2.57 (weighted avg; actual prices ranged $2.505–$2.60) — footnote F3.
- 2026-04-09: 78,991 shares @ $2.68 (weighted avg; actual prices ranged $2.645–$2.76) — footnote F4.
- Total shares purchased: 913,711; total reported cost: $2,304,426.
- Shares owned after transaction: Not specified in the information provided in this summary / not disclosed in the excerpted filing.
- Footnote on reporting entity (F2): Forager Capital Management, LLC is the general partner of the Fund; principals (Messrs. Kissel and MacArthur) share voting and dispositive authority. The reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest.
- Filing timeliness: Form 4 was filed on April 9, 2026 reporting transactions dated Apr 7–9; this filing appears to have been made within typical Form 4 timing requirements (filed during the same two‑business‑day window).
Context
- This filing reflects institutional open‑market buys by a 10% owner (an investment fund/manager), not an officer or director trading for personal reasons. Institutional purchases may indicate added exposure by the fund but do not by themselves explain motive.
- The filing includes weighted-average prices and footnotes committing to provide breakdowns of individual execution prices on request (common when multiple executions occurred at slightly different prices).
Insider Transaction Report
Form 4
Forager Fund, L.P.
10% Owner
Transactions
- Purchase
Class A Common Stock, $0.0001 par value per share
[F1][F2]2026-04-07$2.42/sh−350,000$847,000→ 10,542,937 total - Purchase
Class A Common Stock, $0.0001 par value per share
[F3][F2]2026-04-08$2.57/sh−484,720$1,245,730→ 11,027,657 total - Purchase
Class A Common Stock, $0.0001 par value per share
[F4][F2]2026-04-09$2.68/sh−78,991$211,696→ 11,106,648 total
Footnotes (4)
- [F1]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.315 to $2.45, inclusive. The reporting persons undertake to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within this range.
- [F2]Forager Capital Management, LLC (the "General Partner") is the general partner of Forager Fund, L.P., a Delaware limited partnership (the "Fund") and directly holds 100 shares of Class A common stock. All other shares of the issuer's Class A common stock reported herein are directly held by the Fund. Each of Messrs. Kissel and MacArthur is a principal of the General Partner and has shared authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, the shares on behalf of the General Partner. Each of the reporting persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any.
- [F3]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.505 to $2.60, inclusive. The reporting persons undertake to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within this range.
- [F4]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.645 to $2.76, inclusive. The reporting persons undertake to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within this range.