Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
Market Information
Our Class A common stock is traded on Nasdaq under the symbol “RPAY”. As of February 22, 2022, the closing price for our Class A common stock was $17.22.
Market price information regarding our Class V common stock and Post-Merger Repay Units is not provided because there is no public market for our Class V common stock or our Post-Merger Repay Units.
Holders
As of February 22, 2022, there were 12 holders of record of our Class A common stock, 24 holders of record of our Class V common stock and 24 holders of record of Post-Merger Repay Units (not including the Company). The number of record holders does not include beneficial owners of our securities whose shares are held in the names of various security brokers, dealers, and registered clearing agencies.
Dividends
We have never declared or paid cash dividends on our Class A common stock. We currently do not intend to pay cash dividends in the foreseeable future.
Performance
The following graph compares the total shareholder return from July 17, 2018, the date on which our Class A common shares commenced trading on the Nasdaq, through December 31, 2021 of (i) our Class A common stock, (ii) the Standard and Poor’s 500 Stock Index (“S&P 500 Index”) and (iii) the Standard and Poor’s 500 Information Technology Index (“S&P Information Technology Index”). The stock performance graph and table assume an initial investment of $100 on July 17, 2018, and that all dividends of the S&P 500 Index and S&P Information Technology Index, were reinvested.
The performance graph and table are not intended to be indicative of future performance. The performance graph and table shall not be deemed “soliciting material” or to be “filed” with the SEC for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any of our filings under the Securities Act of 1933 or the Exchange Act.
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Repay Holdings Corporation
S&P 500 Index
S&P Information Technology Index
July 17, 2018
$100.00
$100.00
$100.00
September 30, 2018
100.62
103.72
103.16
December 31, 2018
102.59
89.23
84.92
March 31, 2019
105.70
100.88
101.37
June 30, 2019
108.08
104.71
107.10
September 30, 2019
138.13
105.95
110.28
December 31, 2019
151.81
114.99
125.72
March 31, 2020
148.70
91.99
110.36
June 30, 2020
255.23
110.35
143.58
September 30, 2020
243.52
119.70
160.32
December 31, 2020
282.38
133.69
178.79
March 31, 2021
243.32
141.41
181.89
June 30, 2021
258.13
152.96
202.45
September 30, 2021
238.65
153.32
204.74
December 31, 2021
194.51
169.64
238.42
Recent Sales of Unregistered Securities
None.
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Purchases of Equity Securities by the Issuer and Affiliated Purchasers
In connection with the vesting of restricted stock awards, shares of Class A common stock are delivered to the Company by employees to satisfy tax withholding obligations. The following table summarizes such purchases of Class A common stock for the three months ended December 31, 2021:
Total Number of Shares Purchased (1)
Average Price Paid per Share
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
Approximate Dollar Value of Shares that May yet be Purchased Under the Plans or Programs
October 1-31, 2021
10,245
$21.57
—
$ —
November 1-30, 2021
40,940
19.29
—
—
December 1-31, 2021
3,188
17.51
—
—
Total
54,373
$19.61
—
$ —
(1)
During the three months ended December 31, 2021, pursuant to the Incentive Plan, we withheld 54,373 shares at an average price per share of $19.61 in order to satisfy employees' tax withholding and payment obligations in connection with the vesting of awards of restricted stock, which we withheld at fair market value on the vesting date.
ITEM 6. [Reserved].
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