Form 4: EverCommerce President Matthew Feierstein Sells Shares Following Vesting
SEC Form 4 Filing
EverCommerce President Matthew Feierstein sold a portion of his shares following the vesting of restricted stock units, while also having shares withheld for tax obligations.
Summary
- Matthew Feierstein, President of EverCommerce Inc., engaged in several transactions involving the company's common stock.
- On January 1, 2025, 1,474 shares were withheld by the company to cover tax obligations related to the vesting of restricted stock units granted on July 1, 2021.
- On January 2, 2025, Mr. Feierstein sold 20,401 shares at a weighted average price of $10.8135, with individual sales ranging from $10.70 to $11.03.
- On January 3, 2025, he sold an additional 4,599 shares at a weighted average price of $10.8773, with individual sales ranging from $10.76 to $10.97.
- Following these transactions, Mr. Feierstein directly owns 2,212,695 shares and indirectly owns 150,000 shares through a family trust.
Sentiment
Score: 5
Explanation: The document reflects routine insider transactions, which are neither positive nor negative in themselves. The sales are expected after vesting.
Risks
- Executive stock sales can sometimes be perceived negatively by the market, potentially impacting investor sentiment.
Industry Context
This is a standard Form 4 filing, which is a routine disclosure for corporate insiders selling shares. It is common for executives to sell shares after vesting periods.
Comparison to Industry Standards
- Form 4 filings are a standard practice for publicly traded companies in the US, and the transactions disclosed are typical for executives managing their personal finances and equity compensation.
- Similar filings can be seen across the technology sector, with companies like Salesforce, Adobe, and Intuit having executives who regularly report similar transactions.
Stakeholder Impact
- The stock sales may have a minor impact on shareholder sentiment, but are generally considered a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 07/01/2021 | Date of grant for the Restricted Stock Units that vested. |
| 01/01/2025 | Date of tax withholding for vested restricted stock units. |
| 01/02/2025 | Date of first stock sale by Matthew Feierstein. |
| 01/03/2025 | Date of second stock sale by Matthew Feierstein. |
Keywords
EverCommerce, Matthew Feierstein, stock sale, insider trading, Form 4, executive compensation, restricted stock units, tax withholding
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