Form 4: EverCommerce CEO Eric Remer Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
EverCommerce CEO Eric Richard Remer sold a portion of his common stock holdings between October 22 and October 24, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Eric Richard Remer, CEO of EverCommerce Inc., reported the sale of common stock between October 22 and October 24, 2024.
- The sales were executed under a Rule 10b5-1 trading plan established on June 14, 2024.
- On October 22, 2024, 3,737 shares were sold at a weighted average price of $10.5247.
- On October 23, 2024, 4,200 shares were sold at a weighted average price of $10.3681.
- On October 24, 2024, 3,900 shares were sold at a weighted average price of $10.4759.
- Following these transactions, Remer's indirect ownership through Buckrail Partners, LLC decreased to 8,064,640 shares.
- Remer also directly owns 1,217,452 shares of common stock.
- Additionally, Remer indirectly owns shares through EMJ Remer Family Trust (1,000,000 shares), Remer Family Trust (35,000 shares), and Family Trust 1 (28,999 shares).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to set up 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| June 14, 2024 | Date of Rule 10b5-1 trading plan |
| October 22, 2024 | Date of first reported transaction |
| October 23, 2024 | Date of second reported transaction |
| October 24, 2024 | Date of third reported transaction and filing date |
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