Commerce.com (CMRC) CEO reports tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Commerce.com, Inc. director and Chief Exec Officer Christopher Travis Hess reported a tax-withholding disposition of 3,448 shares of Series 1 Common Stock at $2.96 per share. These shares were withheld to cover tax obligations, and he still directly owns 922,360 shares after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hess Christopher Travis
Role
Chief Exec Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Series 1 Common Stock | 3,448 | $2.96 | $10K |
Holdings After Transaction:
Series 1 Common Stock — 922,360 shares (Direct, null)
Footnotes (1)
Key Figures
Shares used for tax withholding: 3,448 shares
Tax-withholding price: $2.96/share
Shares held after transaction: 922,360 shares
+1 more
4 metrics
Shares used for tax withholding
3,448 shares
Tax-withholding disposition, code F
Tax-withholding price
$2.96/share
Price per share for withheld shares
Shares held after transaction
922,360 shares
Direct ownership after tax-withholding disposition
Tax-withholding transactions
1 transaction, 3,448 shares
Form 4 transactionSummary taxWithholdingCount and Shares
Key Terms
tax-withholding disposition, Series 1 Common Stock, Form 4
3 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 3,448 shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Series 1 Common Stock financial
"security_title: "Series 1 Common Stock" in the reported transaction"
A class of common shares labeled "Series 1" that represents one specific group of ordinary ownership stakes in a company. Like different slices of the same pie, Series 1 shares can carry particular voting rights, dividend priorities or conversion features that distinguish them from other share classes, so investors should check those terms to understand their claim on profits, voting power and potential value changes.
Form 4 regulatory
"INSIDER FILING DATA (Form 4) describes the insider transaction"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Commerce.com (CMRC) report for Christopher Travis Hess?
Commerce.com reported that CEO and director Christopher Travis Hess had shares withheld for taxes. The Form 4 shows a tax-withholding disposition, not an open-market trade, related to 3,448 shares of Series 1 Common Stock on a recent transaction date.
What does transaction code F mean in the Commerce.com Form 4 filing?
Transaction code F on the Form 4 indicates payment of an exercise price or tax liability by delivering securities. For Commerce.com, this means 3,448 shares were used to satisfy tax obligations tied to equity awards, rather than representing a typical market purchase or sale.