Commerce.com (CMRC) counsel uses 1,463 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Commerce.com, Inc. General Counsel and Secretary Charles D. Cassidy reported a routine tax-related share withholding. On the transaction date, 1,463 shares of Series 1 Common Stock were disposed of at $3.18 per share to cover tax obligations, rather than through an open-market sale. After this tax-withholding disposition, Cassidy directly held 165,730 shares of Series 1 Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cassidy Charles D
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Series 1 Common Stock | 1,463 | $3.18 | $5K |
Holdings After Transaction:
Series 1 Common Stock — 165,730 shares (Direct, null)
Footnotes (1)
Key Figures
Tax-withholding shares: 1,463 shares
Transaction price per share: $3.18 per share
Shares held after transaction: 165,730 shares
3 metrics
Tax-withholding shares
1,463 shares
Shares delivered to cover tax or exercise costs
Transaction price per share
$3.18 per share
Reference price for tax-withholding disposition
Shares held after transaction
165,730 shares
Direct holdings of Series 1 Common Stock after Form 4 event
Key Terms
tax-withholding disposition, Series 1 Common Stock, Payment of exercise price or tax liability by delivering securities
3 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.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
FAQ
What insider transaction did Commerce.com (CMRC) report for Charles D. Cassidy?
Commerce.com reported that Charles D. Cassidy had 1,463 shares of Series 1 Common Stock withheld to cover tax obligations. This was a tax-withholding disposition, not an open-market sale, and relates to payment of exercise price or tax liability.
Was the Commerce.com (CMRC) Cassidy transaction a stock sale in the market?
No, the transaction was a tax-withholding disposition, coded "F" on Form 4. Shares were delivered to satisfy tax or exercise costs, meaning Cassidy did not execute an open-market sale despite a dispose classification in the filing data.
What does transaction code "F" mean in the Commerce.com (CMRC) Form 4?
Transaction code "F" indicates payment of exercise price or tax liability by delivering securities. In Cassidy’s case, 1,463 shares of Series 1 Common Stock were disposed of to meet tax or exercise costs, rather than representing an ordinary market sale.