EverCommerce (EVCM) CFO Reports RSU Withholding; Ownership Falls to 243,050
Rhea-AI Filing Summary
EverCommerce Inc. (EVCM) Form 4: Ryan H. Siurek, Chief Financial Officer, reported three dispositions of common stock in August 2025 that reduced his beneficial ownership from 244,846 shares to 243,050 shares. The filings record a 703-share disposition on 08/14/2025 at $10.54, a 399-share disposition on 08/20/2025 at $10.94, and a 1,397-share disposition on 08/22/2025 at $11.54. The explanation states these shares were withheld by the issuer to cover tax withholding obligations upon vesting of Restricted Stock Units granted on August 14, 2023; February 22, 2024; and August 20, 2024. The form is signed by an attorney-in-fact on behalf of the reporting person.
Positive
- Timely and detailed disclosure of insider transactions, including dates, prices, and post-transaction ownership
- Transactions are administrative tax-withholdings tied to RSU vesting rather than voluntary open-market sales
- Signature and explanatory notes provided, supporting transparency about the nature of the dispositions
Negative
- Beneficial ownership decreased by 1,796 shares (from 244,846 to 243,050), which is a reduction in insider holdings
- Multiple withholding events occurred within a short period (08/14/2025–08/22/2025), slightly concentrating insider activity in August
Insights
TL;DR: Routine tax-withholding dispositions; immaterial change in ownership that reflects RSU vesting, not open-market selling.
The three reported transactions are coded as dispositions and match the issuer's explanation that shares were withheld to satisfy tax obligations on vested Restricted Stock Units. The aggregate reduction in beneficial ownership is 1,796 shares, moving holdings from 244,846 to 243,050. Transaction prices range from $10.54 to $11.54, which reflect the withholding valuation rather than market sales. For investors, this is a compliance and compensation-related filing with no evidence of discretionary insider selling.
TL;DR: Proper disclosure of RSU withholding; indicates governance processes for tax withholding are functioning.
The Form 4 discloses timely reporting and provides specific grant dates tied to withholding events: August 14, 2023; February 22, 2024; and August 20, 2024. The signature by an attorney-in-fact on 08/26/2025 satisfies filing formalities. These transactions are standard administrative actions under equity compensation plans and do not suggest governance concerns or policy deviations.