Form 4: EverCommerce Inc. Executive Lisa E. Storey Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Lisa E. Storey, Chief Legal Officer of EverCommerce Inc., reported disposing of shares to cover tax withholding obligations upon the vesting of Restricted Stock Units.
Summary
- On March 1, 2025, Lisa E. Storey, Chief Legal Officer of EverCommerce Inc., disposed of 860 shares of common stock at a price of $9.92 to cover tax obligations related to vesting Restricted Stock Units granted on March 1, 2022.
- On March 3, 2025, Storey disposed of 1,266 shares of common stock at a price of $9.73 to cover tax obligations related to vesting Restricted Stock Units granted on March 3, 2023.
- Following these transactions, Storey directly owns 137,260 shares of EverCommerce Inc. common stock and indirectly owns 2,941 shares through a spouse.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock disposals for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value and future prospects.
Comparison to Industry Standards
- Form 4 filings are a standard regulatory requirement for all publicly traded companies in the United States, ensuring transparency in insider trading activities.
- Companies like Salesforce, Atlassian, and Shopify, which operate in similar technology sectors, also have their executives file Form 4s when they engage in transactions involving their company's stock.
- The frequency and nature of these filings are closely monitored by investors to gauge executive sentiment and potential future performance.
Stakeholder Impact
- The stock disposals are unlikely to have a significant impact on shareholders, as they are related to tax obligations and represent a small percentage of the total outstanding shares.
- The transactions do not directly affect employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| March 1, 2022 | Date of grant for Restricted Stock Units related to the March 1, 2025 transaction. |
| March 3, 2023 | Date of grant for Restricted Stock Units related to the March 3, 2025 transaction. |
| 03/01/2025 | Date of stock disposal to cover tax obligations. |
| 03/03/2025 | Date of stock disposal to cover tax obligations. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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