EVCM insider disposes 6,604 shares to cover RSU taxes; retains 2.39M total

Rhea-AI Filing Summary

EverCommerce insider Matthew D. Feierstein reported a non-derivative sale of common stock on 08/22/2025. He disposed of 6,604 shares at $11.54 per share, which the filing states were withheld by the issuer to satisfy tax withholding on Restricted Stock Units granted February 22, 2024. After the reported transaction, Feierstein beneficially owns 2,239,068 shares directly and 150,000 shares indirectly through a family trust. The filing identifies Feierstein as President and an officer of EverCommerce.

The transaction is described as tax-related withholding rather than an open-market sale. The form was submitted by one reporting person and includes an explanatory note that the shares were withheld to cover tax obligations arising from RSU vesting.

Positive

• Clear disclosure of the transaction and its purpose (tax withholding on vested RSUs)
• Substantial retained ownership: 2,239,068 shares directly plus 150,000 indirectly
• Transaction was not an open-market sale, reducing concerns about insider-driven selling pressure

Negative

• Reduction in direct holdings by 6,604 shares due to withholding
• Price realized ($11.54) for withheld shares may be below or above current market levels (market impact not disclosed)

Insights

Financial Analyst

TL;DR: This is a routine tax-withholding disposition tied to RSU vesting and is not a market-driven liquidation.

The reported disposition of 6,604 shares at $11.54 appears solely to satisfy tax withholding on vested RSUs from February 22, 2024. Such withholdings are common and typically neutral for valuation, as they do not indicate active selling pressure or a change in insider sentiment. The reporter retains >2.2 million shares plus 150,000 held indirectly, which maintains significant insider alignment with shareholders.

Corporate Governance Expert

TL;DR: Filing reflects routine compliance with Section 16 reporting for an officer; disclosure is timely and explanatory.

The Form 4 documents the nature of the withholding and provides the requisite transparency about the change in beneficial ownership. Identifying the shares as tax-withheld from RSU vesting reduces concerns about opportunistic insider selling. Continued substantial direct ownership suggests ongoing alignment between management and shareholders.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Feierstein Matthew David

(Last) (First) (Middle)

C/O EVERCOMMERCE INC.

3601 WALNUT STREET, SUITE 400

(Street)

DENVER CO 80205

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EverCommerce Inc. [ EVCM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/22/2025		F		6,604(1)	D	$11.54	2,239,068	D
Common Stock								150,000	I	By Family Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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 February 22, 2024.

	/s/ Lisa Storey, Attorney-in-fact	08/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did EverCommerce (EVCM) insider Matthew Feierstein report on Form 4?

He reported a disposition of 6,604 common shares on 08/22/2025 at $11.54 per share, withheld to cover taxes on vested RSUs.

Why were the 6,604 shares disposed of in the EVCM Form 4?

The filing states the shares were withheld by the issuer to satisfy the reporting person's tax withholding obligation upon RSU vesting from a grant on February 22, 2024.

How many EverCommerce (EVCM) shares does Matthew Feierstein own after the transaction?

Following the reported transaction he beneficially owns 2,239,068 shares directly and 150,000 indirectly via a family trust.

Does the Form 4 indicate an open-market sale by the insider?

No. The disposition is described as share withholding to cover taxes related to RSU vesting, not an open-market sale.

What is Matthew Feierstein's role at EverCommerce as shown on the filing?

He is identified as President and an officer of EverCommerce.