Watkin Richard Jason 4
4 · Repay Holdings Corp · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
Form 4
Watkin Richard Jason
President, KUBRA
Transactions
- Award
Class A Common Stock
[F1]2026-06-01+833,333→ 833,433 total
Footnotes (1)
- [F1]Represents a grant of restricted stock units relating to the Class A common stock of Issuer that vests in three equal annual installments commencing June 1, 2027. The restricted stock units were granted pursuant to an inducement award agreement outside of the Issuer's Amended and Restated Omnibus Incentive Plan as a material inducement to the reporting person's acceptance of employment with the Issuer in accordance with NASDAQ Listing Rule 5635(c)(4).
Signature
/s/ Tyler B. Dempsey, as Attorney-in-Fact|2026-06-03