Commerce.com (CMRC) General Counsel logs tax-withholding share disposition on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Commerce.com, Inc. General Counsel and Secretary Cassidy Charles D reported a tax-related share disposition under an equity award. On this Form 4, he surrendered 1,975 shares of Series 1 Common Stock at $3.02 per share to cover tax withholding, and directly holds 91,838 shares afterward.
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 | 1,975 | $3.02 | $6K |
Holdings After Transaction:
Series 1 Common Stock — 91,838 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did CMRC’s Cassidy Charles D report on this Form 4?
Cassidy Charles D reported a tax-withholding disposition of 1,975 shares of Series 1 Common Stock. The shares were surrendered to cover tax obligations associated with an equity award, rather than sold in an open-market transaction, which is typically viewed as an administrative event.
Was the CMRC insider transaction a market sale or a tax-withholding event?
The transaction is a tax-withholding disposition, coded “F” on Form 4. Shares were delivered to satisfy tax liabilities related to stock compensation, not sold on the open market, so it is generally considered an administrative equity event rather than a discretionary sale.
What role does Cassidy Charles D hold at Commerce.com, Inc. (CMRC)?
Cassidy Charles D serves as General Counsel and Secretary of Commerce.com, Inc. His Form 4 filing reflects an equity-related tax-withholding disposition, which is typical for senior executives who receive stock-based compensation and must satisfy associated tax obligations.