Commerce.com (CMRC) CEO uses 35,441 shares to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Commerce.com, Inc. director and CEO Christopher Travis Hess reported a tax-withholding disposition of 35,441 shares of Series 1 Common Stock at $2.87 per share. These shares were delivered to cover tax obligations, not sold on the open market. After this transaction, he directly holds 886,919 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 | 35,441 | $2.87 | $102K |
Holdings After Transaction:
Series 1 Common Stock — 886,919 shares (Direct, null)
Footnotes (1)
Key Figures
Tax-withholding shares: 35,441 shares
Tax-withholding price: $2.87/share
Post-transaction holdings: 886,919 shares
+1 more
4 metrics
Tax-withholding shares
35,441 shares
Shares delivered to cover tax liability
Tax-withholding price
$2.87/share
Valuation per Series 1 Common Stock share
Post-transaction holdings
886,919 shares
Direct Series 1 Common Stock owned after transaction
Transaction code
F
Tax-withholding disposition for exercise price or tax liability
Key Terms
tax-withholding disposition, Series 1 Common Stock, Form 4, transaction code F
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
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""
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)"
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.
transaction code F regulatory
"transaction_code: "F""
FAQ
What insider transaction did CMRC CEO Christopher Hess report?
Christopher Hess reported a tax-withholding disposition of 35,441 Series 1 Common Stock shares at $2.87 each. The shares were delivered to cover tax obligations rather than sold on the open market.
Was the CMRC CEO’s Form 4 transaction an open-market sale?
No. The Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were delivered to satisfy tax liabilities, a common administrative step linked to equity compensation vesting or exercises.