Commerce.com (CMRC) CEO delivers 15,649 shares to cover equity tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Commerce.com, Inc. director and Chief Executive Officer Christopher Travis Hess reported a tax-withholding disposition of 15,649 shares of Series 1 Common Stock at $3.02 per share to cover tax obligations. After this transaction, he directly owns 486,524 shares.
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 | 15,649 | $3.02 | $47K |
Holdings After Transaction:
Series 1 Common Stock — 486,524 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did CMRC’s CEO report on this Form 4?
Christopher Travis Hess reported a tax-withholding disposition of 15,649 shares of Series 1 Common Stock. The shares were valued at $3.02 each, satisfying tax obligations related to equity compensation rather than reflecting an open-market sale.
Was the CMRC CEO’s Form 4 transaction an open-market stock sale?
The transaction was not an open-market sale. It is coded "F," meaning a tax-withholding disposition where shares are delivered to satisfy tax liabilities tied to equity awards, rather than voluntarily selling shares into the market for cash proceeds.
What does transaction code "F" mean in the CMRC Form 4 filing?
Transaction code "F" indicates payment of an exercise price or tax liability by delivering securities. In this CMRC filing, it shows the CEO used 15,649 shares to satisfy tax obligations linked to equity compensation instead of conducting an ordinary market sale.