Form 4: EverCommerce President Sells Shares for Tax Obligation
Insider Transaction Report
EverCommerce Inc. President Matthew David Feierstein disposed of 6,484 shares of common stock to cover tax obligations related to RSU vesting.
Summary
- Matthew David Feierstein, President of EverCommerce Inc. (EVCM), reported a transaction on December 3, 2025.
- The transaction involved the disposition of 6,484 shares of EverCommerce common stock.
- These shares were withheld by the Issuer to cover the reporting person's tax withholding obligation.
- The tax obligation arose from the vesting of Restricted Stock Units (RSUs) that were granted on March 3, 2023.
- The price per share for the disposed securities was $9.32.
- Following this transaction, Matthew David Feierstein directly beneficially owns 2,132,523 shares of common stock.
- Additionally, 150,000 shares are indirectly beneficially owned through a Family Trust.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction for tax purposes, which is neutral in terms of company performance or strategic direction.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in management's confidence or the company's fundamentals.
- Employees: No direct impact beyond the reporting person.
Key Dates
| Date | Description |
|---|---|
| 03/03/2023 | Date Restricted Stock Units (RSUs) were granted. |
| 12/03/2025 | Date of transaction where shares were disposed to cover tax withholding. |
| 12/04/2025 | Date the Form 4 was filed. |
Recommendation
holdThis Form 4 filing details a routine, non-discretionary sale of shares by an insider to cover tax obligations associated with RSU vesting. Such transactions are common and do not typically indicate a change in the company's operational performance, strategic outlook, or the insider's long-term view of the company. Therefore, it provides no new information that would warrant a change in investment recommendation; a 'hold' stance remains appropriate based solely on this filing.
Keywords
EverCommerce, EVCM, Form 4, Insider Transaction, Stock Sale, RSU Vesting, Tax Withholding
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