Repay (RPAY) President Watkin Richard Jason Receives RSU Award

What Happened

• Watkin Richard Jason (President, KUBRA) received a grant of 833,333 restricted stock units (RSUs) in Repay Holdings Corp (RPAY) on June 1, 2026. The award is reported as an "A" (award/grant) on the Form 4; grant price is $0.00, so no cash was paid for acquisition.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (filed within standard 2-business-day window).
• Grant: 833,333 RSUs @ $0.00 (reported acquisition value $0).
• Shares owned after transaction: not specified in this filing.
• Footnote: The RSUs vest in three equal annual installments beginning June 1, 2027 and were issued as an inducement award outside the company’s omnibus plan pursuant to NASDAQ Listing Rule 5635(c)(4).

Context

• This is a compensation award (RSUs) tied to future vesting, not an open-market purchase or sale—thus it reflects a hiring/retention incentive rather than an immediate market bet.
• Because the award vests over three years, the economic benefit depends on continued service and future stock performance. The inducement treatment is common for newly hired executives and is disclosed separately from plan-based grants.