Forager Fund, L.P. 4
4 · Repay Holdings Corp · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Repay (RPAY) 10% Holder Forager Fund Buys 642,837 Shares
What Happened
Forager Fund, L.P. (a reported 10% owner) purchased a total of 642,837 shares of Repay Holdings Corp (RPAY) in three open‑market/private transactions between March 25 and March 27, 2026. Breakdown by trade:
- 174,779 shares on 2026-03-25 at a weighted avg price of $2.92 (total ~$510,355)
- 287,200 shares on 2026-03-26 at a weighted avg price of $3.04 (total ~$873,088)
- 180,858 shares on 2026-03-27 at a weighted avg price of $3.05 (total ~$551,617)
Combined value is about $1.94 million and the aggregate weighted average price is roughly $3.01 per share. These are purchases (P), which are generally considered a more informative signal than routine sales but do not by themselves indicate management intent.
Key Details
- Transaction dates and reported weighted average prices: 03/25 ($2.92), 03/26 ($3.04), 03/27 ($3.05). Each price reflects multiple executions at prices in the ranges noted in the filing (see footnotes).
- Total shares bought: 642,837; total reported value: ~$1,935,060; approximate weighted average price: ~$3.01/share.
- Shares owned after transaction: not specified in the information provided here (the filing excerpt did not include a post‑transaction holdings total).
- Footnotes of note: purchases were executed at multiple prices (ranges reported: 2.815–3.05; 3.005–3.05; 3.01–3.07) and the price columns show weighted averages (reporting persons will provide per‑price breakdown on request). Forager Capital Management, LLC is the general partner of the Fund; principals Kissel and MacArthur share voting and disposition authority and disclaim beneficial ownership except to the extent of any pecuniary interest.
- Filing timeliness: Form 4 filed 2026-03-27 reporting trades dated 03/25–03/27; no late‑filing flag was indicated in the provided data.
Context
- These trades are by a 10% institutional holder (the Fund), not an executive or director trade; institutional purchases can reflect portfolio decisions rather than insider views of near‑term company prospects.
- Transaction code P = Purchase (open market or private purchase). No options exercises, awards, gifts, or tax‑withholding events are reported in this filing.
- Retail investors may view purchases by large holders as noteworthy, but should combine this with other research (company fundamentals, news, and broader insider activity) before drawing investment conclusions.
Insider Transaction Report
Form 4
Forager Fund, L.P.
10% Owner
Transactions
- Purchase
Class A Common Stock, $0.0001 par value per share
[F1][F2]2026-03-25$2.92/sh−174,779$510,355→ 8,774,879 total - Purchase
Class A Common Stock, $0.0001 par value per share
[F3][F2]2026-03-26$3.04/sh−287,200$873,088→ 9,062,079 total - Purchase
Class A Common Stock, $0.0001 par value per share
[F4][F2]2026-03-27$3.05/sh−180,858$551,617→ 9,242,937 total
Footnotes (4)
- [F1]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.815 to $3.05, inclusive. The reporting persons undertake to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within this range.
- [F2]Forager Capital Management, LLC (the "General Partner") is the general partner of Forager Fund, L.P., a Delaware limited partnership (the "Fund") and directly holds 100 shares of Class A common stock. All other shares of the issuer's Class A common stock reported herein are directly held by the Fund. Each of Messrs. Kissel and MacArthur is a principal of the General Partner and has shared authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, the shares on behalf of the General Partner. Each of the reporting persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any.
- [F3]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.005 to $3.05, inclusive. The reporting persons undertake to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within this range.
- [F4]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.01 to $3.07, inclusive. The reporting persons undertake to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within this range.