[Form 4] EverCommerce Inc. Insider Trading Activity
EverCommerce Inc. Chief Executive Officer and Director Eric R. Remer reported dispositions of common stock in a Form 4. On 09/09/2025 he sold 14,979 shares at a weighted average price of $11.557, leaving beneficial ownership of 5,153,684 shares (indirect) via Buckrail Partners, LLC. On 09/10/2025 he sold 5,021 shares at a weighted average price of $11.3964, leaving 5,148,663 shares (indirect). The filer notes both weighted-average prices reflect multiple transactions and the sales were made pursuant to a Rule 10b5-1 trading plan dated June 14, 2024.
- Sales executed under a documented Rule 10b5-1 plan, which can reduce insider trading concerns
- Reporting person retains substantial indirect ownership (~5.15 million shares via Buckrail Partners, LLC), indicating continued alignment with shareholders
- Filer commits to provide detailed pricing breakdowns for the weighted-average price ranges disclosed
- Insider disposals occurred (totaling 20,000 shares across two days), which some investors may view unfavorably despite plan protection
Insights
TL;DR: Insider sales under a pre-established 10b5-1 plan, with the CEO retaining material indirect ownership, imply routine liquidity rather than a governance red flag.
The Form 4 discloses two small block sales totaling 20,000 shares executed over two days at weighted-average prices near $11.40–$11.56 per share. Sales are explicitly tied to a Rule 10b5-1 plan dated June 14, 2024, which provides an affirmative defense against insider trading claims if properly documented and not recently modified. The reporting person continues to hold a substantial indirect stake (over 5.1 million shares), suggesting continued alignment with shareholders. For governance review, confirm there were no recent changes to the trading plan and that blackout-window policies were observed.
TL;DR: Transaction sizes are small relative to reported indirect holdings; impact on valuation or control appears negligible.
The disclosed sales (14,979 and 5,021 shares) represent modest disposals compared with the reported indirect holdings of ~5.15 million shares. The filer’s commitment to provide transaction-level pricing within reported ranges is standard disclosure practice. Because the trades were executed under a 10b5-1 plan, they are likely pre-scheduled and not reactive to material nonpublic information. From a market-impact perspective, these transactions are unlikely to be material to EverCommerce’s capitalization or liquidity profile.