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Repay Holdings Corp·4/A

Apr 10, 3:58 PM ET

Forager Fund, L.P. 4/A

Research Summary

AI-generated summary

Updated

Repay (RPAY) 10% Owner Forager Fund Buys 950,000 Shares

What Happened
Forager Fund, L.P. (a reported 10% owner) purchased a total of 950,000 shares of Repay Holdings Corp (RPAY) in two open-market transactions: 488,391 shares on 2026-04-01 at a weighted average price of $2.54 (reported value $1,240,513) and 461,609 shares on 2026-04-02 at a weighted average price of $2.53 (reported value $1,167,871). The combined purchase value reported in the filing is $2,408,384. These were purchases (acquisitions), which investors often view as a more informative signal than routine insider sales.

Key Details

  • Transaction dates/prices: Apr 1, 2026 — 488,391 shares @ weighted avg $2.54 (prices ranged $2.49–$2.60); Apr 2, 2026 — 461,609 shares @ weighted avg $2.53 (prices ranged $2.42–$2.595). The filing offers to provide a breakdown of transactions by exact price on request.
  • Filing type: This is an AMENDED Form 4 filed 2026-04-10 to correct the transaction codes — the original 4 filed Apr 3, 2026 incorrectly showed dispositions; this amendment clarifies these were acquisitions.
  • Shares owned after transaction: Not specified in the amendment. The filing notes the Fund directly holds the reported shares and the General Partner (Forager Capital Management, LLC) directly holds 100 Class A shares.
  • Reporting persons: Forager Capital Management, LLC is the General Partner of the Fund; principals Richard Kissel and Ian MacArthur (named in the filing) share voting and disposition authority. Each disclaims beneficial ownership except for any pecuniary interest.
  • Timing/timeliness: The original Form 4 was filed Apr 3, 2026 (within the typical two-business-day window for Apr 1 trades); this Apr 10 filing is an amendment to correct reporting, not a late initial report.

Context: These purchases were made by an institutional 10% owner (the Fund), not individual executives; such institutional open-market purchases are informative but do not reveal the fund managers’ specific motives. The amendment solely corrects reporting codes and provides weighted-average price ranges for the multiple executions.