Form 4: EverCommerce Inc. President Matthew David Feierstein Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Matthew David Feierstein, President of EverCommerce Inc., executed multiple sales of common stock between February 3rd and February 5th, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Matthew David Feierstein, President of EverCommerce Inc., reported the sale of EverCommerce Inc. [EVCM] common stock.
- The transactions occurred between February 3rd and February 5th, 2025.
- A total of 24,990 shares were sold in multiple transactions at weighted average prices ranging from approximately $10.00 to $10.14 per share.
- The sales were executed under a pre-arranged Rule 10b5-1 trading plan dated September 6, 2024.
- Following the reported transactions, Feierstein directly owns 2,187,695 shares of EverCommerce Inc. common stock and indirectly owns 150,000 shares through a family trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transactions were pre-planned under a 10b5-1 trading plan. It doesn't necessarily reflect a positive or negative outlook on the company's future.
Industry Context
Insider selling can be interpreted in various ways by the market. It's important to consider the context of the 10b5-1 plan, which allows insiders to sell shares over a predetermined period to avoid accusations of trading on non-public information. The market will likely assess the size of the sales relative to Feierstein's total holdings and the overall trading volume of EVCM.
Stakeholder Impact
- Shareholders may react to the news of insider selling, although the existence of a 10b5-1 plan mitigates potential negative interpretations.
- Employees may be indirectly affected by any market reaction to the insider selling.
Key Dates
| Date | Description |
|---|---|
| 2024-09-06 | Date of Rule 10b5-1 trading plan |
| 2025-02-03 | Date of first reported transaction |
| 2025-02-04 | Date of second reported transaction |
| 2025-02-05 | Date of third reported transaction |
Keywords
Form 4, insider trading, Rule 10b5-1, stock sale, EverCommerce Inc., EVCM, Feierstein, Matthew David Feierstein, President
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