EverCommerce (EVCM) president has shares withheld to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EverCommerce Inc. President Matthew David Feierstein reported routine share activity related to restricted stock units. On June 5, 2026, the company withheld a total of 10,302 shares of common stock at $9.20 per share to cover his tax withholding obligations upon RSU vesting. Following these tax-withholding dispositions, he held 2,086,400 EverCommerce shares directly and 150,000 shares indirectly through a family trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Feierstein Matthew David
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,529 | $9.20 | $42K |
| Tax Withholding | Common Stock | 5,773 | $9.20 | $53K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,086,400 shares (Direct, null);
Common Stock — 150,000 shares (Indirect, By Family Trust)
Footnotes (1)
- Represents the number of shares of common stock withheld by the Issuer to cover the reporting person's tax withholding obligation upon the vesting of Restricted Stock Units granted on March 5, 2025. Represents the number of shares of common stock withheld by the Issuer to cover the reporting person's tax withholding obligation upon the vesting of Restricted Stock Units granted on March 5, 2026.
Key Figures
Tax-withholding shares (lot 1): 5,773 shares
Tax-withholding shares (lot 2): 4,529 shares
Total tax-withholding shares: 10,302 shares
+3 more
6 metrics
Tax-withholding shares (lot 1)
5,773 shares
Common stock withheld for tax obligations at $9.20 per share
Tax-withholding shares (lot 2)
4,529 shares
Additional common stock withheld for tax obligations at $9.20 per share
Total tax-withholding shares
10,302 shares
Total common shares withheld to satisfy RSU tax obligations
Withholding price
$9.20 per share
Price used for common shares withheld for tax obligations
Direct holdings after transactions
2,086,400 shares
EverCommerce common stock held directly by Matthew Feierstein after Form 4 transactions
Indirect holdings via family trust
150,000 shares
EverCommerce common stock held indirectly through a family trust
Key Terms
Restricted Stock Units, tax withholding obligation, Family Trust, tax-withholding disposition
4 terms
Restricted Stock Units financial
"upon the vesting of Restricted Stock Units granted on March 5, 2025"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligation financial
"withheld by the Issuer to cover the reporting person's tax withholding obligation"
Family Trust financial
"nature_of_ownership": "By Family Trust""
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did EverCommerce (EVCM) report for Matthew Feierstein?
EverCommerce President Matthew Feierstein reported tax-related share dispositions. The company withheld 10,302 shares to satisfy his tax obligations on vested restricted stock units, a standard non-market transaction that does not represent an open-market sale or purchase decision.
What is the significance of the restricted stock units in EverCommerce (EVCM) President’s Form 4?
The Form 4 links the tax-withholding to restricted stock units granted in March 2025 and March 2026. When these RSUs vested, EverCommerce withheld shares at $9.20 to cover taxes, illustrating how equity compensation translates into actual share ownership and related obligations.