Forager Fund, L.P. 4/A

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.