Forager Fund, L.P. 4/A
4/A · Repay Holdings Corp · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Repay (RPAY) 10% Owner Forager Fund Buys 642,837 Shares
What Happened Forager Fund, L.P., a reported 10% owner of Repay Holdings Corp (RPAY), acquired a total of 642,837 shares of RPAY Class A common stock in three open-market purchases on March 25–27, 2026. The reported transactions were: 174,779 shares at a weighted average $2.92 ($510,355) on 2026-03-25; 287,200 shares at a weighted average $3.04 ($873,088) on 2026-03-26; and 180,858 shares at a weighted average $3.05 (~$551,617) on 2026-03-27 — totaling about $1,935,060. These are purchases (buying shares), which investors often view as a more informative signal than routine sales.
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-03-25: 174,779 sh @ $2.92 (weighted avg; prices ranged $2.815–$3.05) — ~$510,355. (F2)
- 2026-03-26: 287,200 sh @ $3.04 (weighted avg; prices ranged $3.005–$3.05) — ~$873,088. (F4)
- 2026-03-27: 180,858 sh @ $3.05 (weighted avg; prices ranged $3.01–$3.07) — ~$551,617. (F5)
- Total acquired: 642,837 shares for ~ $1,935,060.
- Shares owned after the transactions: not specified in the information provided on this Form 4 amendment.
- Filing status: This is an AMENDED Form 4 filed 2026-04-10; footnote F1 states the amendment corrects the acquisition/disposition code (transactions are acquisitions, not dispositions) from the Form 4 originally filed March 27, 2026.
- Beneficial ownership/authority note (F3): Forager Capital Management, LLC is the Fund’s general partner. The GP directly holds 100 Class A shares; the Fund holds the remainder. Two principals (Messrs. Kissel and MacArthur) share voting and dispositive authority; they disclaim beneficial ownership except to their pecuniary interest.
Context
- This activity is by a 10% institutional holder (the Fund and its GP), not an individual executive. Institutional buys can reflect the fund’s investment decision but are not the same as insider executive trades.
- The filing corrects earlier reporting codes; the amendment does not itself indicate additional purchases beyond those listed.
Insider Transaction Report
Form 4/AAmended
Forager Fund, L.P.
10% Owner
Transactions
- Purchase
Class A Common Stock, $0.0001 par value per share
[F2][F1][F3]2026-03-25$2.92/sh+174,779$510,355→ 8,774,879 total - Purchase
Class A Common Stock, $0.0001 par value per share
[F4][F1][F3]2026-03-26$3.04/sh+287,200$873,088→ 9,062,079 total - Purchase
Class A Common Stock, $0.0001 par value per share
[F5][F1][F3]2026-03-27$3.05/sh+180,858$551,617→ 9,242,937 total
Footnotes (5)
- [F1]This Form 4 amendment is being filed solely to correct the acquisition/disposition code for each transaction reported in the Form 4 originally filed by the reporting persons on March 27, 2026 to indicate that the shares of Class A common stock were acquired (A) by the reporting persons rather than disposed of (D) by the reporting persons.
- [F2]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.815 to $3.05, 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.
- [F3]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.
- [F4]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.005 to $3.05, 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.
- [F5]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.01 to $3.07, 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.