Form 4: EverCommerce Inc. President Matthew David Feierstein Reports Stock Sale to Cover Taxes
SEC Form 4
Matthew David Feierstein, President of EverCommerce Inc., sold 1,270 shares of common stock on April 2, 2024, to cover taxes related to vesting restricted stock units.
Summary
- On April 2, 2024, Matthew David Feierstein, President of EverCommerce Inc., sold 1,270 shares of common stock at a price of $9 per share.
- The sale was executed to cover taxes upon the vesting of restricted stock units (RSUs).
- This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on July 21, 2021.
- Following the transaction, Feierstein directly owns 2,310,194 shares of EverCommerce Inc. common stock.
- Feierstein also indirectly owns 150,000 shares through a family trust.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing relates to a routine stock sale for tax purposes under a pre-arranged trading plan. It doesn't indicate any fundamental change in the company's prospects or insider confidence.
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. This filing indicates a planned sale of shares to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| July 21, 2021 | Date the Reporting Person adopted the Rule 10b5-1 trading instruction. |
| April 02, 2024 | Date of the stock sale transaction. |
| April 04, 2024 | Date of signature by Attorney-in-fact. |
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