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 the company's common stock on February 4th, 5th, and 6th, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Eric Richard Remer, CEO of EverCommerce Inc., reported the sale of common stock on February 4th, 5th, and 6th, 2025.
- The sales were executed under a Rule 10b5-1 trading plan established on June 14, 2024.
- On February 4, 2025, 7,507 shares were sold at a price of $10.0508 per share.
- On February 5, 2025, 6,721 shares were sold at a weighted average price of $10.1228 per share, with individual prices ranging from $9.965 to $10.19.
- On February 6, 2025, 11,200 shares were sold at a weighted average price of $10.1185 per share, with individual prices ranging from $10.02 to $10.215.
- Following these transactions, Eric Remer directly owns 1,181,486 shares and indirectly owns 7,796,952 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 document simply reports stock sales under a pre-existing trading plan. It doesn't inherently indicate positive or negative news about the company's performance.
Industry Context
Sales by company 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 impact on shareholders, potentially causing a slight decrease in stock price due to increased selling pressure.
Key Dates
| Date | Description |
|---|---|
| 2024-06-14 | Date of the Rule 10b5-1 trading plan |
| 2025-02-04 | Date of first reported transaction |
| 2025-02-05 | Date of second reported transaction |
| 2025-02-06 | Date of third reported transaction |
Keywords
EverCommerce, Eric Remer, stock sale, Form 4, Rule 10b5-1, insider trading
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