EVCM Insider Filing: RSU Withholding and 10b5-1 Sale by President
Rhea-AI Filing Summary
Matthew David Feierstein, President of EverCommerce Inc. (EVCM), reported changes in his holdings. On 09/01/2025 the company withheld 2,685 shares to cover tax withholding upon vesting of restricted stock units granted March 1, 2022, leaving 2,236,383 shares beneficially owned directly. On 09/02/2025 he sold 25,000 shares at a weighted average price of $11.2419 per share, reducing his direct holdings to 2,211,383. He also holds 150,000 shares indirectly through a family trust. All sales were made pursuant to a Rule 10b5-1 trading plan dated September 6, 2024. The Form 4 was signed by attorney-in-fact Lisa Storey on 09/03/2025.
Positive
- Transactions executed under a Rule 10b5-1 trading plan, indicating pre-established, compliant selling arrangements
- Clear disclosure of RSU tax-withholding and a weighted-average sale price with an offer to provide per-tranche details upon request
Negative
- None.
Insights
TL;DR: Insider executed routine RSU tax-withholding and a Rule 10b5-1 sale for 25,000 shares, modest relative to total holdings.
The filing shows a standard tax-withholding disposition of vested RSUs and a planned open-market sale under a pre-established 10b5-1 plan. The sale of 25,000 shares against direct holdings of ~2.2 million represents a small percentage reduction, suggesting no unplanned liquidity event. The weighted-average sale price of $11.2419 is provided but without context of recent market prices or realized proceeds per tranche. No derivative transactions were reported.
TL;DR: Disclosure is compliant and transparent; use of a 10b5-1 plan and explanatory footnotes reduces regulatory risk.
The reporter checked the box indicating the transactions were pursuant to a Rule 10b5-1 plan and provided explanatory footnotes describing tax-withholding and the weighted-average sale price range. The filing includes an attorney-in-fact signature, which is acceptable if authority is documented. There are no indications of undisclosed derivative activity or other reportable exceptions in this Form 4. From a compliance perspective, the filing appears complete and aligned with Section 16 reporting norms.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 25,000 | $11.2419 | $281K |
| Tax Withholding | Common Stock | 2,685 | $11.26 | $30K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents the number of shares of common stock withheld by EverCommerce Inc. (the "Company") to cover the reporting person's tax withholding obligation upon the vesting of Restricted Stock Units granted on March 1, 2022. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.15 to $11.39. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
