Sullivan Thomas Eugene 4

What Happened
Thomas E. Sullivan, Chief Accounting Officer of Repay Holdings Corp (RPAY), had 4,670 shares of Class A common stock withheld on March 19, 2026 to cover his tax liability related to the vesting of time‑based restricted stock. The withholding price was $2.65 per share, for a total value of $12,376. This was a tax‑withholding disposition (not an open‑market sale) and is a routine administrative action following RSU vesting.

Key Details

• Transaction date: 2026-03-19; Form 4 filed: 2026-03-23.
• Transaction type/code: F — shares withheld to satisfy tax withholding on vested restricted stock.
• Shares withheld/disposed: 4,670 shares at $2.65 per share; total value $12,376.
• Shares owned after transaction: Not specified in the filing.
• Footnote: F1 — shares withheld to cover the Reporting Person’s tax liability in connection with vesting of time‑based restricted stock previously reported.
• Timeliness: Filed 4 days after the transaction; Form 4s are generally due within 2 business days, so this appears to have been filed late.

Context
Tax‑withholdings on vested RSUs are routine administrative transactions and do not indicate a voluntary sale or a change in the insider’s view of the company. For most investors, purchases or open‑market sales are more informative about insider sentiment than tax withholdings.