10% Owner Forager Fund Corrects Prior Filing to Show $2.4M Open Market Purchase of RPAY Shares

summarizeSummary

Forager Fund, a 10% owner, filed an amended Form 4 to correct a previous filing, now reporting a $2.4 million open market purchase of Repay Holdings Corp shares instead of a disposition.

check_boxKey Events

• Correction of Transaction Type

  Forager Fund amended its Form 4 to change the reported transaction from a disposition (sale) to an acquisition (purchase) for transactions on April 1-2, 2026.

• Significant Open Market Purchase Confirmed

  The filing now reflects a $2.4 million open market purchase of Repay Holdings Corp shares by the 10% owner, representing 0.904% of the company's market cap.

• Timing Amidst Activist Pressure

  This confirmed purchase occurs shortly after an activist investor publicly called for the termination of Repay Holdings Corp's KUBRA acquisition, potentially signaling confidence in the company's direction.

auto_awesomeAnalysis

This amended Form 4 is highly significant as it reverses a previously reported disposition into a substantial open market purchase by a 10% owner. The original Form 4 on April 3, 2026, incorrectly indicated a sale, which would have been a negative signal. This correction to a $2.4 million purchase demonstrates strong conviction from Forager Fund, especially in light of recent activist pressure against Repay Holdings Corp's acquisition of KUBRA. This insider buying could be interpreted as a vote of confidence in the company's strategy and valuation.