EVCM Form 4: Eric Remer Discloses 10b5-1 Sales and Indirect Holdings
Rhea-AI Filing Summary
EverCommerce Inc. director and CEO Eric Remer reported multiple stock dispositions under a Rule 10b5-1 trading plan. The filings show sales on 09/16/2025 (15,069 shares) and 09/17/2025 (4,131 shares) at weighted-average prices of $11.8533 and $11.8642 respectively, with disclosed price ranges of $11.67–$12.04 and $11.79–$11.91. The report lists indirect beneficial ownership figures of 5,133,594 shares and 5,129,463 shares following those transactions, and separately identifies dispositions or holdings of 3,127,124 shares (disposed), plus indirect holdings of 1,000,000 shares by EMJ Remer Family Trust and smaller family-trust holdings. The filer certifies the transactions were made pursuant to a June 12, 2025 Rule 10b5-1 plan and offers to provide details of individual trade prices on request.
Positive
- Transactions disclosed were executed under a Rule 10b5-1 trading plan, indicating pre-established trading instructions rather than opportunistic trading
- Filing provides weighted-average prices and price ranges and offers to supply detailed per-trade price information on request, supporting transparency
- Detailed indirect ownership is disclosed (e.g., 5,133,594 and 5,129,463 shares, 1,000,000 shares held by EMJ Remer Family Trust), improving clarity on holdings
Negative
- Substantial share dispositions reported, including a line showing 3,127,124 shares disposed, which may reduce insider ownership concentration
- Form lacks context on proportion of holdings relative to total outstanding shares, limiting ability to assess materiality of the sales
Insights
TL;DR: Chief executive sold multiple tranches of EverCommerce stock under a 10b5-1 plan; filings show weighted-average prices and sizable indirect holdings.
The filing documents routine insider sales executed under a pre-established Rule 10b5-1 plan, providing weighted-average prices and price ranges for the trades. The near-term disposals reported are specific and quantified, and the filing discloses substantial indirect ownership positions through entities and trusts. For investors, the record is transparent about execution mechanics and residual indirect holdings, but the form does not state the proportion of total company shares or economic rationale for the sales.
TL;DR: The disclosure follows Section 16 requirements and notes trading under a dated 10b5-1 plan, meeting standard governance transparency expectations.
The Form 4 lists specific sale transactions, weighted-average prices, and a clear statement that all trades were made pursuant to a Rule 10b5-1 plan dated June 12, 2025. It also provides an undertaking to supply transaction-level price details on request, which supports regulatory compliance and transparency. The filing identifies indirect ownership via named trusts and an LLC, consistent with common insider ownership structures. No amendment or additional explanatory narrative is included.