Form 4: EverCommerce President Matthew Feierstein Disposes of Shares to Cover Tax Obligations

EverCommerce President Matthew Feierstein disposed of 6,604 shares of common stock to cover tax obligations related to vested restricted stock units.

Summary

• Matthew Feierstein, President of EverCommerce Inc., disposed of 6,604 shares of common stock on November 22, 2024.
• The shares were sold at a price of $11.87 per share.
• This transaction was to cover Mr. Feierstein's tax withholding obligations upon the vesting of Restricted Stock Units granted on February 22, 2024.
• Following the transaction, Mr. Feierstein directly owns 2,273,337 shares of EverCommerce common stock.
• He also indirectly owns 150,000 shares through a family trust.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, particularly when dealing with stock-based compensation.
• The sale of shares to cover tax obligations is a standard practice and does not necessarily indicate a change in the executive's outlook on the company's future.
• Comparable companies would likely see similar filings from their executives when stock options or restricted stock units vest.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

EverCommerce, Matthew Feierstein, stock disposal, insider trading, tax obligations, restricted stock units, share sale