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Repay Holdings Corp·4

Apr 9, 6:33 PM ET

Forager Fund, L.P. 4

Research Summary

AI-generated summary

Updated

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).