EverCommerce Announces an Increase and Extension of its Share Repurchase Program

EverCommerce boosts its share repurchase capacity to $325 million and keeps the program in place through the end of 2027.

Rhea-AI Summary

EverCommerce (EVCM)/b) increased and extended its share repurchase authorization, adding $25 million to a previously approved $300 million program for a new total of $325 million through December 31, 2027.Repurchases may be made periodically in the open market at prevailing prices or through privately negotiated transactions. Open market purchases will follow the pricing and volume conditions of Rule 10b-18, and the company may use Rule 10b5-1 trading plans to facilitate buybacks. The program does not require EverCommerce to repurchase a specific amount of stock and can be extended, modified, suspended, or discontinued at the company’s discretion. The company expects to fund any repurchases with cash on hand.

Positive

• Share repurchase authorization increased by $25 million to a total of $325 million
• Buyback authorization extended through December 31, 2027
• Repurchases expected to be funded with cash on hand, avoiding stated new external financing

Negative

• None.

News Explained

The board approved a $25 million increase to EverCommerce’s share-repurchase authorization, bringing the approved total to $325 million through December 31, 2027; the authorization expands the amount available for potential buybacks but does not commit the company to purchase any particular amount.

Market Context

EVCM’s pre-publication move was -3.4%; the August 5 earnings disclosure recorded $14.8 million of qu...

Analysis

EVCM’s pre-publication move was -3.4%; the August 5 earnings disclosure recorded $14.8 million of quarterly repurchases with $19.2 million remaining, providing a directly related prior-program baseline for the expanded authorization.

Key Figures

Authorization increase: $25 million Total authorization: $325 million Prior authorization: $300 million +1 more

Authorization increase

$25 million

Increase to the previously approved share repurchase program

Total authorization

$325 million

Total approved share repurchase authorization

Prior authorization

$300 million

Previously approved share repurchase program

Authorization expiration

December 31, 2027

Repurchase program authorization period

Historical Context

1 past event · Latest: Aug 05

1 event

1. Aug 05

   Q2 earnings

   24h Move

   -10.5%

   Reported quarterly repurchases of $14.8 million with $19.2 million remaining authorization

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

rule 10b-18, rule 10b5-1 plans

2 terms

rule 10b-18 regulatory

"within the pricing and volume requirements of Rule 10b-18"

Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.

rule 10b5-1 plans regulatory

"enter into Rule 10b5-1 plans to facilitate repurchases"

A Rule 10b5-1 plan is a prearranged schedule that lets company insiders buy or sell stock at set times or prices, set up when they do not possess confidential information. It acts like an automatic thermostat for trades, reducing the risk that otherwise-timed transactions could be accused of insider trading. Investors care because such plans increase transparency about insider activity and signal when insider trades are routine rather than reactive to private news.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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DENVER, Sept. 11, 2026 (GLOBE NEWSWIRE) -- EverCommerce Inc. (NASDAQ: EVCM), a company dedicated to simplifying operations and empowering growth for service SMBs, today announced that its Board of Directors has approved a $25 million increase to its previously approved $300 million share repurchase program bringing the total approved authorization to $325 million through December 31, 2027.

Repurchases under the program may be made from time to time in the open market at prevailing market prices or in negotiated transactions off the market. Open market repurchases will be structured to occur within the pricing and volume requirements of Rule 10b-18. The company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization. This program does not obligate the company to acquire any particular amount of common stock and the program may be extended, modified, suspended or discontinued at any time at the company’s discretion. The company expects to fund repurchases with cash on hand.

About EverCommerce

EverCommerce (Nasdaq: EVCM), a company dedicated to simplifying operations and empowering growth for service SMBs, enables more than 745,000 customers worldwide with software that helps them schedule and manage work, communicate with customers and patients, bill and get paid, and build lasting customer relationships. With its EverPro, EverHealth, and EverWell brands specializing in the Home, Health, and Wellness service industries, EverCommerce delivers AI-driven workflows that matter most so service professionals can spend more time delivering great outcomes and less time on administrative work. Learn more at EverCommerce.com.

Investor Contact:
Ryan Siurek
Chief Financial Officer
720-407-2888
ir@evercommerce.com

Press Contact:
Jeanne Trogan
VP of Corporate Communications
512-705-1293
press@evercommerce.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How will EverCommerce execute share repurchases under the expanded authorization?

Repurchases may be made from time to time in the open market at prevailing market prices or through negotiated transactions off the market. Open market repurchases will be structured to comply with the pricing and volume requirements of Rule 10b-18. The company may also enter into Rule 10b5-1 plans from time to time to facilitate repurchases under this authorization.

Is EverCommerce obligated to repurchase a specific amount of its common stock?

No. The program does not obligate EverCommerce to acquire any particular amount of common stock. The company states that the program may be extended, modified, suspended, or discontinued at any time at its discretion.

How does EverCommerce plan to fund share repurchases under the program?

The company expects to fund repurchases with cash on hand, rather than indicating any specific new financing source for the program.