Form 4: EverCommerce Chief Legal Officer Lisa Storey Reports Stock Transaction

Lisa Storey, Chief Legal Officer at EverCommerce, reported a transaction involving the withholding of shares to cover tax obligations.

Summary

• Lisa Storey, the Chief Legal Officer of EverCommerce Inc., filed a Form 4 indicating a transaction on January 1, 2025.
• The transaction involved the withholding of 379 shares of common stock to cover tax obligations related to the vesting of Restricted Stock Units.
• The shares were withheld at a price of $10.75 per share.
• Following the transaction, Ms. Storey directly owns 140,838 shares of EverCommerce common stock.
• She also indirectly owns 2,941 shares through her spouse.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating a neutral event. The transaction is expected and does not suggest any positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the stock ownership of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• Similar filings are made by executives at companies like Salesforce, Adobe, and Shopify when they have transactions involving their company's stock.
• The withholding of shares for tax obligations is a common practice when restricted stock units vest.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax withholding event.

Key Dates

Keywords

Form 4, EverCommerce, Lisa Storey, stock transaction, insider trading, tax withholding, restricted stock units, beneficial ownership