Form 4: EverCommerce Inc. Executive Matthew David Feierstein Reports Stock Transaction
SEC Form 4 Filing
Matthew David Feierstein, President of EverCommerce Inc., reports disposition of shares to cover tax obligations and ownership of shares via a family trust.
Summary
- On October 1, 2024, Matthew David Feierstein, President of EverCommerce Inc., engaged in a transaction involving the company's common stock.
- 1,890 shares were disposed of at a price of $10.1 to cover tax withholding obligations upon the vesting of Restricted Stock Units granted on July 1, 2021.
- Following the transaction, Feierstein directly owns 2,279,941 shares of EverCommerce Inc.
- Feierstein also indirectly owns 150,000 shares through a family trust.
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common and expected. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
- Similar filings are made by executives at comparable companies like Shopify, Wix, and Squarespace, whenever they trade their company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares being disposed of to cover tax obligations.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| July 1, 2021 | Date of grant for Restricted Stock Units that vested. |
| October 1, 2024 | Date of stock transaction (disposal of shares for tax obligations). |
| October 3, 2024 | Date of signature for the Form 4 filing. |
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