<SEC-DOCUMENT>0001104659-26-036290.txt : 20260327
<SEC-HEADER>0001104659-26-036290.hdr.sgml : 20260327
<ACCEPTANCE-DATETIME>20260327181625
ACCESSION NUMBER:		0001104659-26-036290
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20260325
FILED AS OF DATE:		20260327
DATE AS OF CHANGE:		20260327

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Forager Fund, L.P.
		CENTRAL INDEX KEY:			0001539281
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38531
		FILM NUMBER:		26809118

	BUSINESS ADDRESS:	
		STREET 1:		C/O FORAGER CAPITAL MANAGEMENT, LLC
		STREET 2:		2025 3RD AVE. N, SUITE 350
		CITY:			BIRMINGHAM
		STATE:			AL
		BUSINESS PHONE:		(205) 383-4763

	MAIL ADDRESS:	
		STREET 1:		C/O FORAGER CAPITAL MANAGEMENT, LLC
		STREET 2:		2025 3RD AVE. N, SUITE 350
		CITY:			BIRMINGHAM
		STATE:			AL

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Forager Capital Management, LLC
		CENTRAL INDEX KEY:			0001802986
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38531
		FILM NUMBER:		26809117

	BUSINESS ADDRESS:	
		STREET 1:		2025 3RD AVENUE NORTH
		STREET 2:		SUITE 350
		CITY:			BIRMINGHAM
		STATE:			AL
		ZIP:			35203
		BUSINESS PHONE:		205-383-4763

	MAIL ADDRESS:	
		STREET 1:		2025 3RD AVENUE NORTH
		STREET 2:		SUITE 350
		CITY:			BIRMINGHAM
		STATE:			AL
		ZIP:			35203

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MacArthur Robert Symmes
		CENTRAL INDEX KEY:			0001877496
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38531
		FILM NUMBER:		26809115

	MAIL ADDRESS:	
		STREET 1:		C/O FORAGER CAPITAL MANAGEMENT, LLC
		STREET 2:		2024 3RD AVE. N, SUITE 201
		CITY:			BIRMINGHAM
		STATE:			AL
		ZIP:			35203

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Kissel Edward Urban
		CENTRAL INDEX KEY:			0001877495
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38531
		FILM NUMBER:		26809116

	MAIL ADDRESS:	
		STREET 1:		C/O FORAGER CAPITAL MANAGEMENT, LLC
		STREET 2:		2024 3RD AVE. N, SUITE 201
		CITY:			BIRMINGHAM
		STATE:			AL
		ZIP:			35203

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Repay Holdings Corp
		CENTRAL INDEX KEY:			0001720592
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		3060 PEACHTREE ROAD NW
		STREET 2:		SUITE 1100
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30305
		BUSINESS PHONE:		(404) 504-7472

	MAIL ADDRESS:	
		STREET 1:		3060 PEACHTREE ROAD NW
		STREET 2:		SUITE 1100
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30305

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Thunder Bridge Acquisition Ltd
		DATE OF NAME CHANGE:	20171024
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>tm2610147-1_4seq1.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0609</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2026-03-25</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001720592</issuerCik>
        <issuerName>Repay Holdings Corp</issuerName>
        <issuerTradingSymbol>RPAY</issuerTradingSymbol>
        <issuerForeignTradingSymbol></issuerForeignTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001539281</rptOwnerCik>
            <rptOwnerName>Forager Fund, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerNonUSAddressFlag>false</rptOwnerNonUSAddressFlag>
            <rptOwnerStreet1>2025 3RD AVE. N, SUITE 350</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BIRMINGHAM</rptOwnerCity>
            <rptOwnerState>AL</rptOwnerState>
            <rptOwnerZipCode>35203</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001802986</rptOwnerCik>
            <rptOwnerName>Forager Capital Management, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerNonUSAddressFlag>false</rptOwnerNonUSAddressFlag>
            <rptOwnerStreet1>2025 3RD AVE. N, SUITE 350</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BIRMINGHAM</rptOwnerCity>
            <rptOwnerState>AL</rptOwnerState>
            <rptOwnerZipCode>35203</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001877495</rptOwnerCik>
            <rptOwnerName>Kissel Edward Urban</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerNonUSAddressFlag>false</rptOwnerNonUSAddressFlag>
            <rptOwnerStreet1>2025 3RD AVE. N, SUITE 350</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BIRMINGHAM</rptOwnerCity>
            <rptOwnerState>AL</rptOwnerState>
            <rptOwnerZipCode>35203</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001877496</rptOwnerCik>
            <rptOwnerName>MacArthur Robert Symmes</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerNonUSAddressFlag>false</rptOwnerNonUSAddressFlag>
            <rptOwnerStreet1>2025 3RD AVE. N, SUITE 350</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BIRMINGHAM</rptOwnerCity>
            <rptOwnerState>AL</rptOwnerState>
            <rptOwnerZipCode>35203</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock, $0.0001 par value per share</value>
            </securityTitle>
            <transactionDate>
                <value>2026-03-25</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>174779</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>2.92</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>8774879</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock, $0.0001 par value per share</value>
            </securityTitle>
            <transactionDate>
                <value>2026-03-26</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>287200</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>3.04</value>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>9062079</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock, $0.0001 par value per share</value>
            </securityTitle>
            <transactionDate>
                <value>2026-03-27</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>180858</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>3.05</value>
                    <footnoteId id="F4"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>9242937</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="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.</footnote>
        <footnote id="F2">Forager Capital Management, LLC (the &quot;General Partner&quot;) is the general partner of Forager Fund, L.P., a Delaware limited partnership (the &quot;Fund&quot;) 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.</footnote>
        <footnote id="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.</footnote>
        <footnote id="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.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Robert MacArthur, on behalf of Forager Capital Management, LLC as managing member</signatureName>
        <signatureDate>2026-03-27</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Robert MacArthur, on behalf of Forager Fund L.P. as managing member of the sole general partner</signatureName>
        <signatureDate>2026-03-27</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Edward Kissel</signatureName>
        <signatureDate>2026-03-27</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Robert MacArthur</signatureName>
        <signatureDate>2026-03-27</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
