[Form 4] Commerce.com, Inc. Series 1 Insider Trading Activity

Rhea-AI Filing Summary

Insider transaction reported: Director Satish Malhotra acquired 2,535 shares of Commerce.com, Inc. (CMRC) on 08/14/2025. The reported price per share is $0.00. Following the transaction, Mr. Malhotra beneficially owns 111,585 shares. The Form 4 was signed by an attorney-in-fact on 08/18/2025. The filing identifies the reporting person as a director and indicates the form was filed by one reporting person.

Positive

• Director reported acquisition of 2,535 common shares, increasing insider alignment with shareholders
• Clear compliance with Section 16 reporting: Form 4 filed and signed by attorney-in-fact

Negative

• None.

Insights

Financial Analyst

TL;DR: Small director purchase increases insider ownership modestly; transaction appears routine and non-material.

The Form 4 shows a director-level acquisition of 2,535 common shares at a reported price of $0.00, bringing total beneficial ownership to 111,585 shares. The zero dollar price likely reflects a non-cash grant or administrative reporting convention; the filing itself does not explain the pricing. Impact on valuation is minimal given the size of the purchase relative to typical market capitalizations, so this disclosure is informational rather than material.

Corporate Governance Expert

TL;DR: Disclosure meets Section 16 requirements; no governance red flags are evident from the single-line Form 4.

The report identifies the reporting person as a director and was filed individually. The filing includes a signature by an attorney-in-fact, dated 08/18/2025. There are no indications of derivative transactions, relinquishments, or related-party transfers in this submission. Based solely on the content provided, this appears to be a routine Section 16 disclosure consistent with insider reporting obligations.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Malhotra Satish

(Last) (First) (Middle)

11920 ALTERRA PARKWAY, DL 11 /

SUITE 100, 8TH FLOOR

(Street)

AUSTIN TX 78758

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Commerce.com, Inc. [ CMRC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Series 1 Common Stock	08/14/2025		A		2,535	A	$0.00	111,585	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Chuck Cassidy, Attorney-in-Fact for Malhotra, Satish	08/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Satish Malhotra report on Form 4 for CMRC?

The filing reports an acquisition of 2,535 common shares on 08/14/2025, increasing his beneficial holdings to 111,585 shares.

At what price were the CMRC shares reported on the Form 4?

The transaction is reported at a price of $0.00 per share in the Form 4.

When was the Form 4 for CMRC signed and by whom?

The Form 4 is signed by /s/ Chuck Cassidy, Attorney-in-Fact for Malhotra, Satish with a signature date of 08/18/2025.

Does the Form 4 show any derivative transactions for CMRC by the reporting person?

No. Table II for derivative securities contains no entries; only a non-derivative common stock acquisition is reported.

Is the reporting person identified as an officer or director in the CMRC Form 4?

Yes. The form marks the reporting person as a Director of the issuer.