Form 4: EverCommerce Inc. Executive Matthew David Feierstein Reports Stock Transaction

Matthew David Feierstein, President of EverCommerce Inc., reports disposition of shares to cover tax obligations upon vesting of Restricted Stock Units.

Summary

• On September 3, 2024, Matthew David Feierstein, President of EverCommerce Inc., disposed of 9,169 shares of common stock to cover tax withholding obligations.
• The shares were withheld by the issuer at a price of $10.35 per share.
• Following the transaction, Feierstein directly owns 2,281,831 shares of EverCommerce Inc.
• Feierstein also indirectly owns 150,000 shares through a family trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
• The transaction is typical for executives receiving stock-based compensation, where shares are often withheld to cover tax obligations.
• Similar filings can be observed for executives at comparable companies like Shopify, Atlassian, and HubSpot.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.

Key Dates