[Form 4] EverCommerce Inc. Insider Trading Activity
EverCommerce Inc. insider Matthew David Feierstein reported a withholding of shares to cover taxes on vested restricted stock units. The Form 4 shows that on 09/05/2025, 6,604 shares were disposed at a price of $11.39 per share through code F (withholding). After the transaction the reporting person beneficially owned 2,198,295 shares directly and held 150,000 shares indirectly via a family trust. The withheld shares relate to RSUs granted on 03/05/2025. The filing was signed by an attorney-in-fact on 09/08/2025. The disclosure documents an administrative tax-withholding event rather than an open-market sale.
- Compliance action: Shares were withheld to satisfy tax obligations on vested RSUs, demonstrating standard compensation administration.
- Substantial remaining ownership: Reporting person continues to hold 2,198,295 shares directly plus 150,000 indirectly, indicating sustained ownership interest.
- Reduction in direct holdings: 6,604 shares were disposed (withheld), reducing the reporting person's immediate share count.
Insights
TL;DR: This Form 4 reports a small tax-withholding share disposition tied to vested RSUs, a routine administrative action with limited market impact.
The reported disposal of 6,604 shares at $11.39 per share represents withholding to satisfy tax obligations upon RSU vesting from the March 5, 2025 grant. The officer retains a large direct stake (2,198,295 shares) plus 150,000 indirect shares, so the withholding is immaterial to overall ownership percentages. There is no indication of a voluntary open-market sale or a change in control. For investors, this is a compliance disclosure rather than a signal of altered insider conviction.
TL;DR: Administrative withholding of shares for tax purposes is standard practice and presents low governance risk in this instance.
The Form 4 clearly states the shares were withheld to cover tax withholding on vested RSUs granted 03/05/2025. The transaction code and explanatory note align with routine compensation settlement procedures. Beneficial ownership remains concentrated with the reporting person, and there is no evidence here of opportunistic selling or governance concerns. Documentation is properly executed by an attorney-in-fact and dated 09/08/2025.