EverCommerce (EVCM) Insider Withholding: 15,497 Shares Held for Taxes
Rhea-AI Filing Summary
EverCommerce Inc. (EVCM) insider report: Eric R. Remer, CEO and Director, reported two share dispositions tied to tax withholding on vested Restricted Stock Units. On 08/17/2025, 1,725 shares were withheld at an effective price of $10.85 each; on 08/22/2025, 13,772 shares were withheld at $11.54 each, totaling 15,497 shares disposed. After these transactions Mr. Remer directly beneficially owns 3,160,017 shares and holds additional indirect ownership interests: 5,193,163 shares via Buckrail Partners, LLC; 1,000,000 via EMJ Remer Family Trust; 35,000 via Remer Family Trust; and 28,999 via Family Trust 1. The filings state the disposals represent shares withheld to satisfy tax withholding on RSU vestings.
Positive
- Disclosures explicitly state that the share dispositions were for tax withholding upon RSU vesting, clarifying the nature of the transactions
- Detailed ownership breakdown provided showing direct and multiple indirect holdings (exact share counts) which aids transparency
Negative
- Direct beneficial ownership decreased by 15,497 shares as a result of the withholdings
Insights
TL;DR: Routine insider withholding for RSU taxes resulted in modest share disposals totaling 15,497 shares; ownership remains concentrated.
The filings show two dispositions solely to cover tax withholding on vested Restricted Stock Units, not open-market sales. Aggregate shares disposed equal 15,497 at implied prices of $10.85 and $11.54, which is immaterial relative to the reporting person's combined direct and indirect holdings (total direct plus disclosed indirect ownership exceeds 9 million shares). This is a routine compensation tax event and does not indicate a change in ownership intent or corporate control based on the data provided.
TL;DR: Disclosure is standard and timely; transactions are administrative (tax withholding) rather than discretionary sales.
The Form 4 clearly identifies the relationship (CEO and Director) and discloses the nature of the transactions as tax withholding upon RSU vesting, including specific share counts and withholding dates. The report also itemizes indirect ownership through entities and trusts, supporting transparency around beneficial ownership. No additional dispositions, pledges, or plan-based sales are indicated in the filing text.