Morris John Andrew Sr. 4
4 · Repay Holdings Corp · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Repay CEO Morris John Andrew Sr. Withholds 38,402 Shares for Taxes
What Happened
Morris John Andrew Sr., CEO of Repay Holdings Corp (RPAY), had 38,402 shares of Class A common stock withheld on 2026-03-05 to cover his tax liability related to the vesting of time‑based restricted stock. The withholding price was $3.03 per share, for a total value of approximately $116,358. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-03-05; Filing date: 2026-03-09 (filed within the required two business days).
- Shares withheld/disposed: 38,402 at $3.03 per share; total value ≈ $116,358.
- Transaction code: F (shares withheld to cover tax liability on vested restricted stock).
- Shares owned after transaction: Not specified in the excerpt provided.
- Footnotes:
- F1: Withholding relates to time‑based restricted stock previously reported.
- F2–F5: Several holdings are held via family trust, trusts, an LLC, or a corporation (spouse as trustee, family beneficiaries, and entities where the Reporting Person has governance roles).
- Remark: The reporting person disclaims beneficial ownership of securities reported as indirectly owned except to the extent of his pecuniary interest.
Context
Tax-withholdings on vesting are routine and typically reflect payroll/tax obligations rather than a signal of insider sentiment. Code F indicates shares were surrendered to cover taxes (a form of cashless settlement), not an open-market sale or a purchase.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1]2026-03-05$3.03/sh−38,402$116,358→ 1,287,966 total
- 1,028,385(indirect: See footnote)
Class A Common Stock
[F2] - 86,761(indirect: See footnote)
Class A Common Stock
[F3] - 253,041(indirect: See footnote)
Class A Common Stock
[F4] - 15,000(indirect: See footnote)
Class A Common Stock
[F5]
Footnotes (5)
- [F1]Reflects shares of Class A common stock of the Issuer withheld to cover the Reporting Person's tax liability in connection with the vesting of shares of time-based restricted stock previously reported by the Reporting Person.
- [F2]These securities are held directly by a trust (the "Family Trust"), of which the Reporting Person's spouse is the trustee and the Reporting Person's spouse and descendants are the beneficiaries.
- [F3]These securities are held directly by a trust, of which the Reporting Person's spouse is the trustee and the Reporting Person and the Reporting Person's spouse and descendants are the beneficiaries.
- [F4]These securities are held directly by a limited liability company, of which Reporting Person owns all of the voting ownership interests and serves as the sole member of its board of managers.
- [F5]These securities are held directly by a corporation, of which the Family Trust owns all of the voting shares and Reporting Person serves as the sole member of its board of directors.