EverCommerce (EVCM) Insider Filing: RSU Tax Withholding and Sales Reported
Rhea-AI Filing Summary
Eric R. Remer, Chief Executive Officer and Director of EverCommerce Inc. (EVCM), reported changes in his beneficial ownership on Form 4. On 09/01/2025 the company withheld 5,598 shares to satisfy tax withholding upon the vesting of restricted stock units granted March 1, 2022. On 09/02/2025 he sold 20,421 shares at a weighted average price of $11.2342 and on 09/03/2025 he sold 4,079 shares at a weighted average price of $11.1338. The filing shows indirect holdings including 1,000,000 shares held by EMJ Remer Family Trust and additional indirect holdings through Buckrail Partners, LLC and family trusts. All sales were made pursuant to a Rule 10b5-1 trading plan dated June 14, 2024.
Positive
- Transactions executed under an existing Rule 10b5-1 trading plan, which provides affirmative defense to insider trading claims
- Form 4 discloses tax-withheld RSU shares and provides weighted-average prices and ranges as required
- Filing is signed (attorney-in-fact) indicating procedural completion and compliance with Section 16 reporting
Negative
- Open-market sales of 24,500 shares (20,421 on 09/02/2025 and 4,079 on 09/03/2025) reduced reported holdings
- Some ownership figures appear split between direct and indirect holdings, which may complicate quick assessment of ownership change
Insights
TL;DR: Insider sold modest quantities under a 10b5-1 plan; activity is routine but reduces his direct stake slightly.
The reported transactions consist of tax-withheld shares from RSU vesting and two small open-market sales executed under a Rule 10b5-1 plan. The prices reported are weighted averages ($11.2342 and $11.1338). The filing also discloses substantial indirect holdings through family trusts and Buckrail Partners, LLC including a 1,000,000-share holding by the EMJ Remer Family Trust. From a financial perspective, these transactions represent routine liquidity and tax-related events rather than an abrupt change in ownership. Impact on outstanding shares and control is not determinable from this Form 4 alone because the filing does not state total company outstanding shares.
TL;DR: Transactions comply with a documented 10b5-1 plan and the Form 4 provides the required disclosures.
The filing clearly indicates the insider used a pre-established Rule 10b5-1 plan dated June 14, 2024, for the reported sales and discloses tax withholding on vested RSUs. The Form 4 is signed by an attorney-in-fact, indicating proper execution. From a governance standpoint, use of a 10b5-1 plan and prompt reporting align with good compliance practices. Material governance concerns would require additional context such as timing relative to material company events, which this filing does not provide.