Form 4: EverCommerce CEO Eric Remer Reports Stock Transactions
SEC Form 4 Filing
Eric Remer, CEO of EverCommerce Inc., reports the disposition and acquisition of company stock, including sales to cover tax obligations and sales under a pre-arranged trading plan.
Summary
- Eric Remer, the CEO of EverCommerce Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On March 1, 2025, 3,689 shares were withheld by the issuer to cover tax obligations related to vesting Restricted Stock Units (RSUs) granted on March 1, 2022, at a price of $9.92.
- On March 3, 2025, 8,910 shares were withheld by the issuer to cover tax obligations related to vesting RSUs granted on March 3, 2023, at a price of $9.73.
- On March 4, 2025, Remer sold 10,406 shares at a weighted average price of $9.6504, with individual transactions ranging from $9.53 to $9.78.
- Following these transactions, Remer directly owns 1,159,811 shares of EverCommerce Inc.
- Remer also indirectly owns shares through Buckrail Partners, LLC (7,734,396 shares), EMJ Remer Family Trust (1,000,000 shares), Remer Family Trust (35,000 shares), and Family Trust 1 (28,999 shares).
- The reported transactions were made pursuant to a Rule 10b5-1 trading plan dated June 14, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing primarily reports routine stock transactions by an executive under a pre-existing trading plan. There is no indication of positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. The use of 10b5-1 trading plans is a common practice to allow insiders to sell shares while avoiding accusations of insider trading.
Stakeholder Impact
- The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small volume of shares sold compared to the total outstanding shares.
- The tax withholding impacts the executive's personal finances.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date of Restricted Stock Units grant related to tax withholding on 03/01/2025 |
| 03/03/2023 | Date of Restricted Stock Units grant related to tax withholding on 03/03/2025 |
| 06/14/2024 | Date of Rule 10b5-1 trading plan |
| 03/01/2025 | Tax withholding of 3,689 shares |
| 03/03/2025 | Tax withholding of 8,910 shares |
| 03/04/2025 | Sale of 10,406 shares |
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