Commerce.com (CMRC) Insider Disposes 2,846 Series 1 Shares

Rhea-AI Filing Summary

Commerce.com (CMRC) Form 4: Hubert S. Ban, who is listed as Chief Accounting Officer and a director, reported a sale of 2,846 Series 1 common shares on 08/21/2025 at a price of $4.54 per share. After the transaction Ban beneficially owned 52,649 shares. The filing was signed by an attorney-in-fact and dated 08/25/2025. No derivative security transactions are reported in this filing.

Positive

• Specific sale details disclosed: transaction date, quantity, and price are all reported
• Remaining insider ownership provided: 52,649 shares beneficially owned following the sale
• No derivatives reported: the filing shows only a non-derivative common stock disposition

Negative

• Insider disposition: Hubert S. Ban disposed of 2,846 Series 1 common shares
• Reduction in insider stake: the sale lowers the reporting person’s holdings from prior level to 52,649 shares

Insights

Securities Analyst

TL;DR: Routine insider sale disclosed: modest share disposal, insider retains a material stake.

Hubert S. Ban reported a straightforward sale of 2,846 Series 1 common shares at $4.54, leaving 52,649 shares beneficially owned. This is a clear, single-line Form 4 disclosure showing disposition of common stock with no accompanying derivative transactions. For investors this filing provides transparency on an insider liquidity event but does not by itself indicate a material change to corporate control or a major shift in ownership.

Corporate Governance Expert

TL;DR: Disclosure is standard; sale reduces insider holdings modestly and is fully reported.

The Form 4 identifies the reporting person as an officer and director and documents the exact quantity and price of shares sold, plus the remaining beneficial ownership. The filing includes an attorney-in-fact signature, which is acceptable for Forms 4. There are no reported grants, options, or derivative instruments in this submission, limiting additional governance implications from this single filing.

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^*

Ban Hubert S

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

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	08/21/2025		F		2,846	D	$4.54	52,649	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 Ban, Hubert S.	08/25/2025
	** 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 Hubert S. Ban disclose on the CMRC Form 4?

The filing reports a sale of 2,846 Series 1 common shares on 08/21/2025 at $4.54 per share, leaving 52,649 shares beneficially owned.

What is Hubert S. Ban’s role at Commerce.com (CMRC)?

The Form 4 lists Hubert S. Ban as a Director and the company’s Chief Accounting Officer.

Were any derivative securities reported in this Form 4 for CMRC?

No. The filing includes only a non-derivative sale of Series 1 common stock and shows no derivative transactions.

When was the Form 4 filed and who signed it?

The document includes a signature by an attorney-in-fact, Chuck Cassidy, dated 08/25/2025.

How many shares does the reporting person own after the sale?

After the reported disposition, Hubert S. Ban beneficially owns 52,649 Series 1 common shares.