Repay (RPAY) CTO David M. Guthrie Sells Shares via Tax Withholding

What Happened David M. Guthrie, Chief Technology Officer of Repay Holdings Corp (RPAY), had a total of 8,561 shares of Class A common stock withheld to cover his tax liability in connection with the vesting of time‑based restricted stock. The withholding occurred in two entries: 6,451 shares on 2026-02-19 at $3.14 each ($20,256) and 2,110 shares on 2026-02-23 at $3.06 each ($6,457), for combined proceeds of approximately $26,713. This was a tax‑withholding disposition (routine), not an open‑market sale for investment purposes.

Key Details

• Transaction dates & amounts:
  • 2026-02-19: 6,451 shares withheld @ $3.14 = $20,256
  • 2026-02-23: 2,110 shares withheld @ $3.06 = $6,457
• Total shares withheld: 8,561; total value ≈ $26,713.
• Shares owned after the transactions: not provided in the excerpt of the filing.
• Footnote F1: Shares were withheld to cover the Reporting Person's tax liability from the vesting of previously reported time‑based restricted stock.
• Filing timeliness: Form 4 was filed on 2026-02-23 covering the 2026-02-19 and 02-23 transactions (filed within the standard reporting window).

Context This was a tax‑withholding disposition tied to vested restricted stock (a common administrative step), not a discretionary open‑market sale or purchase. Such withholdings are routine and do not necessarily signal the insider's view on the company’s stock.