Repay Holdings (NASDAQ: RPAY) president has shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Repay Holdings Corp president and director Alias Shaler reported two tax-withholding dispositions of Class A common stock related to vesting of previously granted restricted shares. On February 19 and February 23, a total of 8,024 shares were withheld by the issuer to cover his tax liabilities.
After these transactions, Shaler held 549,720 shares directly. He also reported 264,990 shares held indirectly through a limited liability company in which he holds all voting ownership interests and serves as sole member of its board of managers.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Alias Shaler
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 2,524 | $3.06 | $8K |
| Tax Withholding | Class A Common Stock | 5,500 | $3.14 | $17K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 549,720 shares (Direct);
Class A Common Stock — 264,990 shares (Indirect, See footnote)
Footnotes (1)
- 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. 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.
FAQ
What insider transaction did Alias Shaler report for Repay Holdings (RPAY)?
Alias Shaler reported tax-related share dispositions, not open-market sales. Two Form 4 entries show company shares withheld to cover his tax liabilities from vesting restricted stock, rather than discretionary selling of Repay Holdings Corp Class A common stock.
Were Alias Shaler’s Repay Holdings (RPAY) Form 4 transactions open-market sales?
No, the Form 4 describes tax-withholding dispositions, not market sales. Shares were delivered back to the issuer to cover exercise price or tax liabilities associated with vesting restricted stock, as described in the filing’s transaction code explanation.