Commerce.com (CMRC) CFO has 3,339 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Commerce.com, Inc. executive Daniel Lentz, the CFO & COO, reported a tax-related share withholding on his Series 1 Common Stock. On this Form 4, 3,339 shares were disposed of at $2.96 per share to satisfy tax obligations rather than through an open-market sale.
After this non-derivative tax-withholding disposition, Lentz directly holds 476,806 shares of Series 1 Common Stock. The transaction reflects routine handling of equity compensation taxes and represents a small portion of his reported ownership position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lentz Daniel
Role
CFO & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Series 1 Common Stock | 3,339 | $2.96 | $10K |
Holdings After Transaction:
Series 1 Common Stock — 476,806 shares (Direct, null)
Footnotes (1)
Key Figures
Shares disposed for tax withholding: 3,339 shares
Price per share used for tax withholding: $2.96 per share
Shares held after transaction: 476,806 shares
3 metrics
Shares disposed for tax withholding
3,339 shares
Non-derivative disposition, transaction code F
Price per share used for tax withholding
$2.96 per share
Value applied to 3,339-share tax-withholding disposition
Shares held after transaction
476,806 shares
Direct ownership of Series 1 Common Stock following disposition
Key Terms
tax-withholding disposition, Series 1 Common Stock, transaction code F
3 terms
tax-withholding disposition financial
"reported a tax-related share withholding on his Series 1 Common Stock"
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
"3,339 shares of 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.
transaction code F financial
"classified as a non-derivative tax-withholding disposition under transaction code F"
FAQ
What insider transaction did CMRC executive Daniel Lentz report on this Form 4?
Daniel Lentz reported a tax-withholding disposition of 3,339 shares of Series 1 Common Stock. The shares were delivered at $2.96 each to satisfy tax obligations related to equity compensation, not as an open-market sale.
What does transaction code F mean in the CMRC Form 4 filing for Daniel Lentz?
Transaction code F indicates a tax-related disposition where shares are delivered to pay the exercise price or tax liability. In this case, 3,339 CMRC shares were used to satisfy taxes on equity compensation, rather than being sold in the market.