EverCommerce (EVCM) CEO Reports RSU Tax-Withholding Sale of 13,772 Shares
Rhea-AI Filing Summary
EverCommerce Inc. insider Form 4: Eric R. Remer, who serves as Director and Chief Executive Officer, reported a transaction dated 09/05/2025. The filing shows 13,772 shares of Common Stock were disposed (transaction code F) at a price of $11.39 per share, which the filer explains were withheld by the issuer to cover tax withholding upon the vesting of Restricted Stock Units granted March 5, 2025. After the reported transaction Mr. Remer is shown as beneficially owning 3,127,124 shares directly and holds additional indirect interests of 5,168,663 shares via Buckrail Partners, LLC, 1,000,000 shares via EMJ Remer Family Trust, 35,000 shares via Remer Family Trust and 28,999 shares via Family Trust 1.
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Insights
TL;DR: Routine tax-withholding sale on RSU vesting; significant insider ownership remains, suggesting continued alignment with shareholders.
The Form 4 documents a disposition of 13,772 shares at $11.39 per share executed to satisfy tax withholding on vested RSUs granted March 5, 2025. This is a common administrative sell-to-cover event and not an open-market sale intended to raise cash. Importantly, the reporting person retains substantial economic exposure: 3,127,124 shares direct and multiple indirect holdings reported through entities and trusts. For investors this indicates ongoing insider alignment while the specific transaction amount is immaterial relative to total reported holdings.
TL;DR: Administrative withholding reported; disclosure is timely and conforms to Section 16 reporting norms.
The filing clearly identifies the relationship (Director and CEO), the nature of the disposition (tax withholding on vested RSUs) and the post-transaction ownership breakdown by direct and indirect holdings. The signature is by an attorney-in-fact dated 09/08/2025. No unexplained transfers or unusual derivative activity are disclosed. From a governance perspective, the report provides the necessary transparency about insider equity movements.