Form 4: EverCommerce CLO Sells Shares for Tax Obligations
Insider Transaction Report
EverCommerce's Chief Legal Officer, Lisa E. Storey, reported the sale of company common stock to cover tax withholding obligations related to vested Restricted Stock Units.
Summary
- Lisa E. Storey, Chief Legal Officer of EverCommerce Inc. (EVCM), reported two transactions involving the disposition of common stock.
- On March 1, 2026, 860 shares of common stock were disposed of at a price of $11.29 per share.
- This disposition covered tax withholding obligations upon the vesting of Restricted Stock Units granted on March 1, 2022.
- Following this transaction, Lisa E. Storey beneficially owned 173,418 shares of common stock.
- On March 3, 2026, an additional 1,384 shares of common stock were disposed of at a price of $11.61 per share.
- This second disposition covered tax withholding obligations upon the vesting of Restricted Stock Units granted on March 3, 2023.
- After both reported transactions, Lisa E. Storey's beneficial ownership stands at 172,034 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event. The reported transactions are routine sales of shares to cover tax liabilities associated with the vesting of Restricted Stock Units, which is a common practice for executives and does not reflect a discretionary sale or a change in sentiment towards the company's prospects.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that routine insider transactions, such as sales to cover tax obligations upon RSU vesting, are common across all industries and typically do not signal a change in company fundamentals or management's long-term outlook.
Stakeholder Impact
- Shareholders: Minimal impact as these are routine, non-discretionary sales for tax purposes and do not indicate a change in the company's operational or financial health.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date Restricted Stock Units were granted, leading to vesting and subsequent tax withholding on March 1, 2026. |
| 03/03/2023 | Date Restricted Stock Units were granted, leading to vesting and subsequent tax withholding on March 3, 2026. |
| 03/01/2026 | Transaction date for the disposition of 860 shares of common stock for tax withholding. |
| 03/03/2026 | Transaction date for the disposition of 1,384 shares of common stock for tax withholding and the signature date of the reporting person. |
Keywords
EverCommerce, EVCM, Insider Transaction, Form 4, Restricted Stock Units, Tax Withholding, Common Stock, Officer Stock Sale
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