Form 4: EverCommerce CEO Eric Remer Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
EverCommerce CEO Eric Richard Remer sold shares of common stock between April 15 and April 17, 2025, 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 April 15, 16, and 17, 2025.
- The sales were executed under a Rule 10b5-1 trading plan established on June 14, 2024.
- On April 15, 2025, 8,366 shares were sold at a weighted average price of $10.0292, with prices ranging from $9.93 to $10.125.
- On April 16, 2025, 9,000 shares were sold at a weighted average price of $10.0196, with prices ranging from $9.91 to $10.16.
- On April 17, 2025, 7,134 shares were sold at a weighted average price of $10.0215, with prices ranging from $9.975 to $10.11.
- Following these transactions, Eric Remer directly owns 1,656,897 shares and indirectly owns 7,536,163 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 document is a standard SEC Form 4 filing, indicating routine stock sales by an insider under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 plan allows insiders to sell shares at predetermined times and prices.
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 trading.
- The sales do not appear to have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Date of Rule 10b5-1 trading plan. |
| 04/15/2025 | First transaction date: Sale of 8,366 shares. |
| 04/16/2025 | Second transaction date: Sale of 9,000 shares. |
| 04/17/2025 | Third transaction date: Sale of 7,134 shares. |
Keywords
EverCommerce, EVCM, Eric Remer, Rule 10b5-1, Stock Sale, Insider Trading, Beneficial Ownership
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