EverCommerce (EVCM) president trims stake with 30,000-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EverCommerce Inc. President Matthew David Feierstein reported open-market sales of a total of 30,000 shares of Common Stock over three days. He sold 10,000 shares on May 1 at a weighted average price of $11.9431, 10,000 shares on May 4 at $11.8733, and 10,000 shares on May 5 at $11.2752. The sales were executed in multiple trades within disclosed price ranges. Following these transactions, he continues to hold 2,125,606 shares of EverCommerce common stock directly, indicating the sales represent a small portion of his overall position.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 30,000 shares ($350,916)
Net Sell
3 txns
Insider
Feierstein Matthew David
Role
President
Sold
30,000 shs ($351K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,000 | $11.2752 | $113K |
| Sale | Common Stock | 10,000 | $11.8733 | $119K |
| Sale | Common Stock | 10,000 | $11.9431 | $119K |
Holdings After Transaction:
Common Stock — 2,125,606 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.37 to $12.28. The Reporting Person undertakes to provide EverCommerce Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.50 to $12.32. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.96 to $11.68. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Shares sold: 30,000 shares
Price on May 1: $11.9431 per share
Price on May 4: $11.8733 per share
+3 more
6 metrics
Shares sold
30,000 shares
Total Common Stock sold across three days
Price on May 1
$11.9431 per share
Weighted average sale price for 10,000 shares
Price on May 4
$11.8733 per share
Weighted average sale price for 10,000 shares
Price on May 5
$11.2752 per share
Weighted average sale price for 10,000 shares
Post-transaction holdings
2,125,606 shares
Common Stock directly held after May 5 sale
Net shares sold
30,000 shares
Net change from insider transactions in this Form 4
Key Terms
open-market sale, weighted average price, Common Stock
3 terms
open-market sale financial
"each transaction is described as an open-market sale of Common Stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Common Stock financial
"reported sales of Common Stock by the company’s president"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did EverCommerce (EVCM) report for its president?
EverCommerce disclosed that President Matthew David Feierstein sold 30,000 shares of Common Stock in open-market transactions. The sales occurred over three days and were reported as routine insider activity under Form 4, reflecting a partial reduction of his direct holdings.
What do the weighted average prices mean in the EverCommerce (EVCM) Form 4?
The filing states each price is a weighted average across multiple trades executed that day. Actual trades occurred within specified ranges, and the reporting person will provide exact share counts at each separate price level upon request to the company, shareholders, or regulators.