Jacob Hamilton Moore - Sep 13, 2024 Form 4 Insider Report for Repay Holdings Corp (RPAY)

Role
Executive Vice President
Signature
/s/Tyler B. Dempsey, as Attorney-in-Fact
Stock symbol
RPAY
Transactions as of
Sep 13, 2024
Transactions value $
-$96,668
Form type
4
Date filed
9/13/2024, 05:48 PM
Previous filing
Sep 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RPAY Class A Common Stock Options Exercise $317K +51.7K +36.89% $6.13 192K Sep 13, 2024 Direct
transaction RPAY Class A Common Stock Sale -$414K -51.7K -26.95% $8.00 140K Sep 13, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RPAY Stock Option (right to buy) Options Exercise $0 -51.7K -28.05% $0.00 133K Sep 13, 2024 Class A Common Stock 51.7K $6.13 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales price indicated is a weighted average sales price. The corresponding shares were sold in multiple transactions at prices ranging from $8.00 to $8.01 inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth.
F2 The terms of the stock option, representing a right to acquire 191,470 shares of Class A common stock of the Issuer, provide for vesting and exercisability in three separate tranches as follows: (a) 31% shall vest and become exercisable on the later of (i) March 19, 2024 and (ii) the date on which the closing price per share of Class A common stock has equaled or exceeded $10.00 for any consecutive 20 day trading period ending on or prior to March 18, 2028; (b) 32% shall vest and become exercisable on the later of (i) March 19, 2025 and (ii) the date on which the closing price per share of Class A common stock has equaled or exceeded $14.50 for any consecutive 20 day trading period ending on or prior to March 18, 2028; and (c) 37% shall vest and become exercisable on the later of (i) March 19, 2026 and (ii) the date on which the closing price per share of Class A common stock has equaled or exceeded $19.54 for any consecutive 20 day trading period ending on or prior to March 18, 2028.
F3 The first tranche vested on April 9, 2024. The two other tranches remain unvested at this time.