Form 4: EverCommerce Inc. President Matthew Feierstein Reports Stock Sale to Cover Taxes
SEC Form 4
Matthew Feierstein, President of EverCommerce Inc., sold 1,915 shares of common stock on July 2, 2024, to cover taxes related to vesting restricted stock units.
Summary
- On July 2, 2024, Matthew David Feierstein, President of EverCommerce Inc., sold 1,915 shares of common stock at a price of $11.07 per share.
- The sale was executed to cover taxes upon the vesting of restricted stock units (RSUs).
- The transaction was made pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on July 21, 2021.
- Following the transaction, Feierstein directly owns 2,297,604 shares of EverCommerce Inc. common stock.
- Feierstein also indirectly owns 150,000 shares through a family trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction appears to be a routine sale for tax purposes under a pre-arranged plan.
Industry Context
Sales by company presidents are common and often related to personal financial planning, including tax obligations. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current market information.
Stakeholder Impact
- The sale is unlikely to have a significant impact on shareholders as it is a relatively small transaction by an insider under a pre-arranged plan.
Key Dates
| Date | Description |
|---|---|
| 07/21/2021 | Date the Reporting Person adopted the Rule 10b5-1 trading instruction. |
| 07/02/2024 | Date of the stock sale transaction. |
| 07/03/2024 | Date of signature for the Form 4 filing. |
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