Form 4: EverCommerce CEO Eric Remer Sells Shares to Cover Taxes After RSU Vesting

Eric Remer, CEO of EverCommerce Inc., sold 5,759 shares of common stock on June 4, 2024, to cover taxes upon the vesting of restricted stock units.

Summary

• On June 4, 2024, Eric Remer, the CEO of EverCommerce Inc., sold 5,759 shares of the company's common stock.
• The sale was executed at a weighted average price of $9.5 per share.
• The transaction was conducted to cover taxes associated with the vesting of restricted stock units (RSUs).
• The sale was made pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on March 25, 2022.
• Following the transaction, Remer directly owns 1,271,800 shares and indirectly owns millions of shares through various trusts and Buckrail Partners, LLC.

Sentiment

Score: 5

Explanation: The document reports a routine transaction (tax-related stock sale) by the CEO, which is neither particularly positive nor negative.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally viewed as routine transactions.

Stakeholder Impact

• The sale of shares could have a minor impact on shareholders due to the slight dilution of shares outstanding.

Key Dates