Form 4: EverCommerce COO Sells Shares to Cover Taxes on Vesting Restricted Stock Units

Evan Berlin, COO of EverCommerce Inc., sold shares of common stock on March 4th and 5th to cover taxes upon the vesting of restricted stock units.

Summary

• Evan Berlin, the Chief Operating Officer of EverCommerce Inc., reported the sale of company stock.
• On March 4, 2024, he sold 857 shares at a price of $9.61 per share.
• On March 5, 2024, he sold 1,608 shares at a price of $9.05 per share.
• These sales were executed to cover taxes upon the vesting of restricted stock units (RSUs).
• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on March 25, 2022, and March 28, 2023, in accordance with the Securities Exchange Act of 1934.
• Following these transactions, Berlin directly owns 262,065 shares of EverCommerce Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock sales for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of the financial markets, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold.

Key Dates