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

EverCommerce CEO Eric Remer sold a total of 18,289 shares of common stock across three days under a pre-arranged 10b5-1 trading plan.

Summary

• Eric Remer, CEO of EverCommerce Inc., sold shares of the company's common stock over three days.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan dated June 14, 2024.
• On January 14, 2025, 5,713 shares were sold at a weighted average price of $10.1508, with prices ranging from $10.07 to $10.31.
• On January 15, 2025, 6,552 shares were sold at a weighted average price of $10.2535, with prices ranging from $10.14 to $10.42.
• On January 16, 2025, 6,024 shares were sold at a weighted average price of $10.1998, with prices ranging from $10.15 to $10.28.
• Following these transactions, Mr. Remer's indirect holdings through Buckrail Partners, LLC decreased to 7,867,483 shares.
• Mr. Remer also holds 1,181,486 shares directly, 1,000,000 shares indirectly through EMJ Remer Family Trust, 35,000 shares indirectly through Remer Family Trust, and 28,999 shares indirectly through Family Trust 1.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-arranged trading plan, with no indication of positive or negative sentiment. It's a neutral event.

Risks

• Executive stock sales can sometimes be perceived negatively by the market, potentially impacting the stock price.

Industry Context

Executive stock sales are a common occurrence, especially under pre-arranged trading plans like Rule 10b5-1, which allows insiders to sell shares without being accused of trading on non-public information. This is a routine filing and does not indicate any specific change in the company's outlook.

Comparison to Industry Standards

• Rule 10b5-1 trading plans are a standard practice for executives at publicly traded companies to manage their personal finances and avoid accusations of insider trading.
• The volume of shares sold is relatively small compared to the total outstanding shares of EverCommerce, suggesting this is a routine transaction rather than a significant divestment.

Stakeholder Impact

• The stock sales may have a minor impact on the stock price, but the pre-arranged nature of the sales should mitigate any significant negative reaction from shareholders.

Key Dates

Keywords

EverCommerce, Eric Remer, stock sale, Rule 10b5-1, insider trading, executive compensation, share transaction