Form 4: EverCommerce COO Berlin Sells Shares to Cover Taxes
SEC Form 4 Filing
EverCommerce Inc. COO Evan Berlin sold 298 shares of common stock on July 2, 2024, to cover taxes upon the vesting of restricted stock units.
Summary
- On July 2, 2024, Evan Berlin, the Chief Operating Officer of EverCommerce Inc., sold 298 shares of the company's common stock.
- The shares were sold at a price of $11.07 per share.
- The sale was executed to cover taxes upon the vesting of restricted stock units (RSUs).
- This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted by Berlin on July 21, 2021.
- Following the transaction, Berlin directly owns 258,805 shares of EverCommerce Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally viewed as routine transactions.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by shareholders if not understood as a routine tax-related transaction.
Key Dates
| Date | Description |
|---|---|
| 07/21/2021 | Date the Reporting Person adopted the Rule 10b5-1 trading plan. |
| 07/02/2024 | Date of the transaction (sale of shares). |
| 07/03/2024 | Date of signature for the Form 4 filing. |
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