Form 4: EverCommerce CEO Eric Remer Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
EverCommerce CEO Eric Remer sold shares of common stock over three days in March 2025 under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Eric Remer, CEO of EverCommerce Inc., reported the sale of common stock on March 25, 26, and 27, 2025.
- The sales were executed under a Rule 10b5-1 trading plan established on June 14, 2024.
- On March 25, 2025, 9,366 shares were sold at a weighted average price of $10.5053.
- On March 26, 2025, 9,315 shares were sold at a weighted average price of $10.4994.
- On March 27, 2025, 7,164 shares were sold at a weighted average price of $10.5055.
- Following these transactions, Eric Remer indirectly owns 7,621,070 shares through Buckrail Partners, LLC, and directly owns 1,660,839 shares.
- He also 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 sentiment is neutral as the document simply reports stock sales under a pre-existing trading plan, without indicating any fundamental issues with the company.
Industry Context
Insider selling can be interpreted in various ways by the market; it's crucial to consider the context of the 10b5-1 plan, which allows insiders to sell shares at predetermined times to avoid accusations of trading on non-public information.
Stakeholder Impact
- Shareholders may react to the news of insider selling, although the existence of a 10b5-1 plan mitigates concerns about the CEO's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 2024/06/14 | Date of Rule 10b5-1 trading plan. |
| 2025/03/25 | Date of first reported transaction. |
| 2025/03/26 | Date of second reported transaction. |
| 2025/03/27 | Date of third reported transaction. |
Keywords
EverCommerce, Eric Remer, stock sale, Form 4, Rule 10b5-1, insider trading, EVCM
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