[Form 4] Commerce.com, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Charles D. Cassidy, General Counsel and Secretary of Commerce.com, Inc. (CMRC), reported an insider sale on 09/21/2025. The filing shows he disposed of 405 shares of common stock at $5.03 per share. Following this transaction he beneficially owns 93,813 shares, held directly. The Form 4 was signed on 09/23/2025. The report is a routine officer sale disclosed under Section 16 and includes no derivative transactions or additional remarks.

Insights

Corporate Governance Expert

TL;DR: Officer sold a small number of shares, disclosed promptly; appears routine with no additional governance concerns.

The Form 4 documents a simple open-market sale by the companys General Counsel and Secretary: 405 shares sold at $5.03, leaving 93,813 shares beneficially owned. The filing is timely and complete for the disclosed non-derivative transaction. There are no related-party transactions, plan-based trades, or derivative positions disclosed that would raise governance flags. On its face this is a routine insider disposition consistent with ordinary liquidity or diversification needs.

Securities Analyst

TL;DR: Small officer sale disclosed; transaction size and single-line disclosure indicate limited market impact.

From a securities perspective the sale (405 shares at $5.03) is modest relative to the reported post-sale holding of 93,813 shares. The report does not show any exercise of options, grants, or derivative activity. Because the filing contains only this single non-derivative sale and no explanatory remarks, it provides straightforward disclosure but no material new information about company performance or outlook.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cassidy Charles D

(Last) (First) (Middle)

11920 ALTERRA PARKWAY, DL 11 /

SUITE 100, 8TH FLOOR

(Street)

AUSTIN TX 78758

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Commerce.com, Inc. [ CMRC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Counsel and Secretary

3. Date of Earliest Transaction (Month/Day/Year)
09/21/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Series 1 Common Stock	09/21/2025		F		405	D	$5.03	93,813	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	Charles D. Cassidy	09/23/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Charles D. Cassidy (CMRC) report?

He reported a sale of 405 shares of Commerce.com, Inc. common stock on 09/21/2025 at a price of $5.03 per share.

How many CMRC shares does the reporting person own after the transaction?

The Form 4 discloses beneficial ownership of 93,813 shares following the reported sale.

What is the reporting person's role at Commerce.com, Inc. (CMRC)?

The reporting person is listed as General Counsel and Secretary and is an officer of the company.

Were any derivative securities or option exercises reported in this Form 4 for CMRC?

No. Table II for derivative securities contains no entries; only a non-derivative sale is reported in Table I.

When was the Form 4 signed and filed?

The signature block shows Charles D. Cassidy signed the form on 09/23/2025, with the earliest transaction date of 09/21/2025.