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

Eric Remer, CEO of EverCommerce Inc., sold a portion of his shares between October 15 and October 17, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Eric Remer, the CEO of EverCommerce Inc., reported the sale of common stock between October 15 and October 17, 2024.
• The sales were executed under a Rule 10b5-1 trading plan established on June 14, 2024.
• On October 15, 2024, 5,088 shares were sold at a weighted average price of $10.4843.
• On October 16, 2024, 4,834 shares were sold at a weighted average price of $10.5808.
• On October 17, 2024, 3,241 shares were sold at a weighted average price of $10.6796.
• Following these transactions, Eric Remer directly owns 1,217,452 shares and indirectly owns shares through various trusts and partnerships, including 8,076,477 shares through Buckrail Partners, LLC, 1,000,000 shares through EMJ Remer Family Trust, 35,000 shares through Remer Family Trust, and 28,999 shares through Family Trust 1.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions were executed under a pre-planned trading arrangement. It doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Insider selling can be interpreted in various ways by the market; however, the use of a pre-arranged 10b5-1 trading plan often mitigates concerns as it demonstrates the transactions were planned in advance.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.
• The impact is likely to be minimal given the pre-planned nature of the sales.

Key Dates