Form 4: EverCommerce Inc. President Matthew Feierstein Sells Shares to Cover Taxes
SEC Form 4 Filing
Matthew Feierstein, President of EverCommerce Inc., sold 4,273 shares of common stock on June 7, 2024, to cover taxes upon the vesting of restricted stock units.
Summary
- On June 7, 2024, Matthew Feierstein, President of EverCommerce Inc., sold 4,273 shares of common stock.
- The sale was executed to cover taxes associated with the vesting of restricted stock units (RSUs).
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on March 29, 2023.
- The shares were sold at a weighted average price of $9.52.
- Following the transaction, Feierstein directly owns 2,299,519 shares and indirectly owns 150,000 shares through a family trust.
Sentiment
Score: 5
Explanation: The document describes a routine stock sale to cover taxes, which is neither particularly positive nor negative.
Industry Context
Sales of shares to cover taxes after vesting of restricted stock units are a common practice among corporate executives and are generally viewed as routine transactions.
Stakeholder Impact
- The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the routine nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| March 29, 2023 | Date of adoption of Rule 10b5-1 trading plan |
| June 7, 2024 | Date of stock sale transaction |
| June 11, 2024 | Date of signature of the Form 4 filing |
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