[Form 4] EverCommerce Inc. Insider Trading Activity
Lisa E. Storey, identified as Chief Legal Officer and an insider of EverCommerce Inc. (EVCM), reported a non-derivative disposition on 09/05/2025. The filing shows 1,580 shares of common stock were disposed (transaction code F) at a price of $11.39 per share; the form explains these shares were withheld by the issuer to satisfy tax withholding obligations upon the vesting of Restricted Stock Units granted on March 5, 2025. After the withholding, the reporting person beneficially owns 196,521 shares directly. The form is signed 09/08/2025 and contains no other transactions or derivative positions.
- Continued substantial ownership: Reporting person retains 196,521 shares directly after the withholding
- Clear disclosure: Form includes an explicit explanation that the disposition was to satisfy tax withholding on RSU vesting
- Disposition recorded: 1,580 shares were withheld at $11.39 per share (tax withholding reduces outstanding personal holdings)
- No derivatives reported: The filing shows no options or derivative activity, limiting insight into potential future exercises or hedging
Insights
TL;DR: Routine tax-withholding disposition of vested RSUs; insider retains substantial direct ownership.
The Form 4 documents a non-economic disposition labeled with code F, meaning shares were withheld by EverCommerce to cover tax obligations on RSU vesting. The amount withheld, 1,580 shares at $11.39, is small relative to total holdings of 196,521 shares, so this action is administratively driven rather than a cash-sale decision by the officer. No options or derivative transactions were reported, and there are no indications of unusual or timed disposals in the filing.
TL;DR: Administrative withholding following RSU vesting; disclosure aligns with Section 16 requirements.
This filing meets Section 16 reporting norms by disclosing the withholding used to satisfy tax obligations on vested RSUs. The explanation explicitly ties the disposition to RSUs granted March 5, 2025, and the remaining direct beneficial ownership is disclosed. There is no evidence in the form of coordinated sales, pledging, or derivative activity that would raise governance or insider-trading concerns based on the information provided.