Summary: Rajiv Kumar, Priority Technology Holdings' Chief Accounting Officer, sold 10,000 shares of the company's common stock on August 21, 2025, at a price of $8.00 per share for total gross proceeds of $80,000. Following that transaction Kumar directly holds 46,074 shares. At the same time, the company is contending with a take-private proposal from its Chairman and CEO, Thomas Priore, which has prompted the formation of an independent special committee to review the terms.
According to disclosures, the sale by Kumar occurred on August 21, 2025, and was executed at $8.00 per share. The trade reduced his position while leaving him with a direct ownership stake of 46,074 shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH).
Separately, company leadership is managing a significant corporate action initiated by Thomas Priore. The proposed transaction would provide cash consideration in the range of $6.00 to $6.15 per share for any shares not already owned by Priore or his affiliates. In response to the proposal, Priority Technology's board has appointed a special committee composed of independent directors to evaluate the offer and advise on next steps.
To assist in that evaluation, the special committee has engaged Barclays as its financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP as legal counsel. The special committee has not set a timeline for completing its assessment.
The proposal has attracted public opposition from Buckley Capital Advisors, which holds a 2.2% stake in Priority Technology. Buckley Capital has criticized the offer, describing it as "drastically undervalued" and labeling it an "opportunistic attempt" by Priore to acquire the company without paying what Buckley regards as full value.
These developments - the insider sale by the company's chief accounting officer and the ongoing review of a CEO-led take-private offer that has drawn shareholder ire - underscore active deliberations among Priority Technology's stakeholders about the company's prospective ownership structure. The special committee process, the appointment of financial and legal advisors, and the public disagreement with a non-trivial shareholder reflect divergent views that will shape the company's next decisions, though no schedule for resolution has been provided.