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 on February 18, 19, and 20, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- Eric Richard Remer, CEO of EverCommerce Inc., reported the sale of common stock on February 18, 2025, for an average price of $10.9412, disposing of 7,026 shares.
- On February 19, 2025, Remer sold 5,818 shares at an average price of $10.7854.
- A further sale of 8,012 shares occurred on February 20, 2025, at an average price of $10.5796.
- These transactions were executed under a Rule 10b5-1 trading plan established on June 14, 2024.
- Following these transactions, Remer directly owns 1,181,486 shares and indirectly owns 7,744,802 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 transactions were pre-planned under a 10b5-1 trading plan and do not necessarily reflect a change in the CEO's outlook on the company.
Industry Context
Insider trading activity is always closely watched by investors as it can provide signals, though in this case the trading is pre-planned under a 10b5-1 plan, which reduces the signal value.
Stakeholder Impact
- The share sales could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Date of Rule 10b5-1 trading plan |
| 02/18/2025 | Date of first reported transaction (sale of shares) |
| 02/19/2025 | Date of second reported transaction (sale of shares) |
| 02/20/2025 | Date of third reported transaction (sale of shares) |
Keywords
EverCommerce, EVCM, Eric Remer, insider trading, Form 4, share sale, 10b5-1 plan
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