Form 4: EverCommerce Inc. COO Sells Shares to Cover Taxes After RSU Vesting

Evan Berlin, COO of EverCommerce Inc., sold 1,299 shares of common stock on June 7, 2024, to cover taxes upon the vesting of restricted stock units.

Summary

• On June 7, 2024, Evan Berlin, the Chief Operating Officer of EverCommerce Inc., sold 1,299 shares of the company's common stock.
• The sale was executed at a price of $9.52 per share.
• This transaction was conducted to cover taxes associated with the vesting of restricted stock units (RSUs).
• The sale was made pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on March 28, 2023.
• Following the transaction, Berlin directly owns 259,103 shares of EverCommerce Inc.
• A previous Form 4 filing dated June 6, 2024, contained a computational error, which has been corrected in this filing.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transaction is a routine sale to cover taxes, and a previous filing error was corrected.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating it was planned and not based on sudden market changes.
• A previous error in the filing was corrected.

Industry Context

Sales of shares to cover taxes after RSU vesting are a common practice among company executives and do not necessarily indicate a negative outlook on the company's future.

Key Dates