Form 4: EverCommerce CEO Eric Remer Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
EverCommerce CEO Eric Richard Remer sold shares of common stock over three days in late September under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Eric Richard Remer, CEO of EverCommerce Inc., sold shares of the company's common stock on September 24, 25, and 26, 2024.
- The sales were executed under a Rule 10b5-1 trading plan established on June 14, 2024.
- On September 24, 2024, 6,807 shares were sold at a weighted average price of $10.6269 per share.
- On September 25, 2024, 5,212 shares were sold at a weighted average price of $10.482 per share.
- On September 26, 2024, 6,158 shares were sold at a weighted average price of $10.4705 per share.
- Following these transactions, Remer continues to beneficially own a significant number of shares, both directly and indirectly through various trusts and entities.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating insider transactions. The sentiment is neutral as it simply reports facts about stock sales under a pre-arranged plan.
Industry Context
Sales by insiders are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information.
Stakeholder Impact
- The stock sales could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Date of Rule 10b5-1 trading plan |
| 09/24/2024 | First transaction date |
| 09/25/2024 | Second transaction date |
| 09/26/2024 | Third transaction date |
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