Form 4: EverCommerce Inc. Executive Matthew Feierstein Reports Stock Transactions
SEC Form 4 Filing
Matthew Feierstein, President of EverCommerce Inc., reports disposition and acquisition of company stock related to tax obligations and a sale under a pre-arranged trading plan.
Summary
- On March 1, 2025, Matthew Feierstein, President of EverCommerce Inc., had 1,769 shares of common stock withheld by the issuer to cover tax obligations upon vesting of Restricted Stock Units (RSUs) at a price of $9.92.
- On March 3, 2025, 4,273 shares were withheld for tax obligations related to RSUs vesting at a price of $9.73.
- Also on March 3, 2025, Feierstein sold 200 shares of common stock at a weighted average price of $10.005, with prices ranging from $10.00 to $10.01.
- Following these transactions, Feierstein directly owns 2,176,816 shares and indirectly owns 150,000 shares through a family trust.
- The sales were executed under a Rule 10b5-1 trading plan established on September 6, 2024.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing primarily reports routine stock transactions related to tax obligations and a pre-arranged trading plan. There is no indication of significant positive or negative news.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. The use of 10b5-1 trading plans is a common practice to avoid accusations of insider trading.
Comparison to Industry Standards
- Similar to other publicly traded companies, EverCommerce's executives are required to disclose their transactions in company stock via Form 4 filings.
- The use of Rule 10b5-1 trading plans is a standard practice among executives at companies like Salesforce, Atlassian, and Shopify to manage their stock sales in compliance with insider trading regulations.
- The reported transactions are typical for executives managing their equity compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2022-03-01 | Date of Restricted Stock Units grant related to tax withholding on 2025-03-01. |
| 2023-03-03 | Date of Restricted Stock Units grant related to tax withholding on 2025-03-03. |
| 2024-09-06 | Date of Rule 10b5-1 trading plan. |
| 2025-03-01 | Withholding of 1,769 shares for tax obligations upon vesting of Restricted Stock Units. |
| 2025-03-03 | Withholding of 4,273 shares for tax obligations upon vesting of Restricted Stock Units and sale of 200 shares at a weighted average price of $10.005. |
| 2025-03-04 | Date of Form 4 filing. |
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