Commerce.com, Inc. (CMRC) officer delivers shares for tax withholding
Rhea-AI Filing Summary
Commerce.com, Inc. Chief Accounting Officer Ban Hubert S reported a small tax-related share disposition on Form 4. The filing shows 388 shares of Series 1 Common Stock were disposed of at $2.96 per share as a tax-withholding transaction rather than an open-market sale. Following this event, the officer directly owns 84,237 shares, indicating the disposition is minor relative to the overall holding and reflects routine tax handling on equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 388 shares
Net Sell
1 txn
Insider
Ban Hubert S
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Series 1 Common Stock | 388 | $2.96 | $1K |
Holdings After Transaction:
Series 1 Common Stock — 84,237 shares (Direct)
Key Figures
Shares disposed for tax withholding: 388 shares
Tax-withholding share value: $2.96 per share
Shares owned after transaction: 84,237 shares
+1 more
4 metrics
Shares disposed for tax withholding
388 shares
Form 4, Series 1 Common Stock, code F
Tax-withholding share value
$2.96 per share
Price per share for 388-share disposition
Shares owned after transaction
84,237 shares
Direct holdings following tax-withholding disposition
Tax-withholding transactions count
1 transaction
transactionSummary taxWithholdingCount
Key Terms
tax-withholding disposition, Series 1 Common Stock, transaction code F, Form 4, +1 more
5 terms
tax-withholding disposition financial
"The filing shows 388 shares ... as a tax-withholding transaction rather than an open-market sale."
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
"The filing shows 388 shares of Series 1 Common Stock were disposed of at $2.96 per share."
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
"This disposition is specifically categorized as a tax-withholding transaction, reflecting shares delivered to satisfy tax liabilities."
Form 4 regulatory
"Chief Accounting Officer Ban Hubert S reported a small tax-related share disposition on 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.
Chief Accounting Officer financial
"Commerce.com, Inc. Chief Accounting Officer Ban Hubert S reported a small tax-related share disposition."
A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did CMRC’s Chief Accounting Officer report?
Ban Hubert S reported a tax-withholding disposition of 388 shares of Series 1 Common Stock. The shares were delivered to cover tax obligations, not sold in the open market, and are classified under transaction code F on the Form 4.
What does transaction code F mean in the CMRC Form 4 filing?
Transaction code F in this Form 4 indicates a payment of tax liability by delivering securities. For CMRC, it shows 388 shares were surrendered as a tax-withholding disposition, distinguishing it from open-market purchases or sales by the insider.