Form 4: EverCommerce President Sells Shares for Tax Obligation
Insider Transaction Report
EverCommerce President Matthew Feierstein disposed of 6,604 shares of common stock to cover tax withholding obligations related to RSU vesting.
Summary
- Matthew David Feierstein, President of EverCommerce Inc., disposed of 6,604 shares of common stock.
- The transaction occurred on September 5, 2025, at a price of $11.39 per share.
- This disposition was to satisfy tax withholding obligations upon the vesting of Restricted Stock Units (RSUs) that were granted on March 5, 2025.
- Following this transaction, Mr. Feierstein directly beneficially owns 2,198,295 shares and indirectly owns 150,000 shares through a Family Trust.
Sentiment
Score: 5
Explanation: The transaction is a neutral, routine event for tax purposes related to RSU vesting, not indicative of positive or negative sentiment towards the company's future prospects.
Positives
- The transaction is a routine tax-related sale, indicating the vesting of previously granted Restricted Stock Units (RSUs), which is a form of compensation.
Negatives
- A reduction in direct beneficial ownership by 6,604 shares, although for a tax obligation.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance.
Industry Context
This is a routine insider transaction (Form 4) related to executive compensation and tax obligations, common across all industries for publicly traded companies when Restricted Stock Units (RSUs) vest.
Related Party Transactions
- The transaction involves the disposition of shares by a company officer (Matthew David Feierstein) to the issuer (EverCommerce Inc.) for tax withholding purposes, which is a common related party transaction in the context of executive compensation.
Stakeholder Impact
- Shareholders: Minimal direct impact as it's a routine tax-related sale, not a discretionary sale indicating lack of confidence.
- Employees: No direct impact mentioned.
- Management: Reflects the vesting of compensation for the President.
Key Dates
| Date | Description |
|---|---|
| March 5, 2025 | Date Restricted Stock Units (RSUs) were granted. |
| September 5, 2025 | Date of transaction for disposition of shares to cover tax withholding upon RSU vesting. |
| September 8, 2025 | Date the Form 4 filing was signed. |
Keywords
EverCommerce, EVCM, Matthew Feierstein, Insider Transaction, Form 4, Stock Sale, RSU Vesting, Tax Withholding, Common Stock
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