Form 4: EverCommerce CEO Eric Remer Sells Shares Under 10b5-1 Trading Plan

EverCommerce CEO Eric Richard Remer sold shares of common stock between November 5th and November 7th, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Eric Richard Remer, CEO of EverCommerce Inc., reported the sale of company stock between November 5th and November 7th, 2024.
• The sales were executed under a Rule 10b5-1 trading plan established on June 14, 2024.
• On November 5th, 10,870 shares were sold at a weighted average price of $10.9729, with individual prices ranging from $10.88 to $11.12.
• On November 6th, 15,657 shares were sold at a weighted average price of $11.5894, with individual prices ranging from $11.235 to $11.76.
• On November 7th, 18,142 shares were sold at a weighted average price of $11.7333, with individual prices ranging from $11.36 to $11.925.
• Following these transactions, Remer continues to beneficially own a significant amount of EverCommerce stock, including shares held directly and indirectly through various trusts and entities.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating stock sales by an insider under a pre-arranged trading plan. It's a neutral event and doesn't necessarily indicate positive or negative sentiment about the company's prospects.

Industry Context

Sales by insiders are a common occurrence, especially when executed under pre-arranged trading plans like Rule 10b5-1. These plans allow insiders to diversify their holdings while avoiding accusations of trading on non-public information.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
• However, given the pre-planned nature of the sales, the impact is likely to be minimal.

Key Dates