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

Rhea-AI Filing Summary

Commerce.com insider transaction: Director Anil Kamath reported acquiring 73,550 shares of Series 1 Common Stock on 08/14/2025. The reported price per share is $0.00, leaving total beneficial ownership at 73,550 shares after the transaction. The Form 4 was signed by an attorney-in-fact on 08/18/2025. No derivative transactions or additional remarks are provided.

Positive

• Director reported share acquisition of 73,550 Series 1 common shares, increasing disclosed insider ownership
• Form 4 filed and signed (by attorney-in-fact) providing timely Section 16 disclosure

Negative

• None.

Insights

Financial Analyst

TL;DR: A director recorded a 73,550-share acquisition at no stated cash price; transaction is neutral absent context on source or value.

The filing shows a non-derivative acquisition of 73,550 Series 1 common shares by Director Anil Kamath on 08/14/2025 at a reported price of $0.00. Without explanatory remarks or linkage to a grant, conversion, gift, or corporate action, the economic impact on shareholders is unclear. This disclosure is routine under Section 16 and provides a clear timestamped ownership change.

Corporate Governance Expert

TL;DR: Proper Section 16 disclosure was made for a director acquisition; governance implications depend on transaction origin, which is not specified.

The Form 4 correctly identifies the reporting person as a director and records the acquisition details. The absence of explanation (e.g., grant, award, conversion, gift) limits assessment of intent or related-party considerations. The filing was executed by an attorney-in-fact and meets formal disclosure requirements, but offers no additional governance clarity.

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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hours per response:			0.5

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^*

Kamath Anil

(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		73,550	A	$0.00	73,550	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 Anil Kamath	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 Anil Kamath report on the Form 4 for CMRC?

The filing reports Anil Kamath acquired 73,550 Series 1 common shares on 08/14/2025 and beneficial ownership of 73,550 shares following the transaction.

What price was reported for the CMRC transaction on Form 4?

The reported price per share for the acquisition is listed as $0.00 in the Form 4.

Does the Form 4 show any derivative transactions for CMRC?

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

Who signed the Form 4 for Anil Kamath and when?

The Form 4 is signed by Chuck Cassidy, Attorney-in-Fact for Anil Kamath and dated 08/18/2025.