EVCM Form 4: Eric Remer Reports September 2025 Insider Sales and Ownership Update
Rhea-AI Filing Summary
Eric R. Remer, who serves as Chief Executive Officer and a director of EverCommerce Inc. (EVCM), reported open-market sales of the company's common stock on September 23, 2025 (18,772 shares at a weighted-average price of $11.706) and September 24, 2025 (428 shares at a weighted-average price of $11.6466).
The Form 4 shows the transactions were executed under a Rule 10b5-1 trading plan. After the reported sales, Mr. Remer is recorded as directly owning 3,088,724 shares. The filing also discloses indirect beneficial ownership interests held by Buckrail Partners, LLC (5,148,663 shares), EMJ Remer Family Trust (1,000,000 shares), Remer Family Trust (35,000 shares), and Family Trust 1 (28,999 shares). The form corrects a prior September 18 Form 4 to adjust total ownership figures.
Positive
- Sales executed under a Rule 10b5-1 trading plan, indicating pre-established, systematic transactions
- Filing corrects prior Form 4 to accurately reflect ownership allocation between the reporting person and Buckrail Partners, LLC
- Reporting person retains substantial indirect holdings through Buckrail Partners, LLC and family trusts
Negative
- Insider sold shares (18,772 on 09/23/2025 and 428 on 09/24/2025), which may be viewed negatively by some investors
- Weighted-average prices reported with sales occurring across price ranges rather than single-price disclosures (per-footnote disclosure)
Insights
TL;DR: Insider sales were executed under a 10b5-1 plan; transaction sizes and corrected reporting are disclosed, with substantial indirect holdings remaining.
The sales on September 23 and 24, 2025 are documented as weighted-average prices across multiple transactions and were completed pursuant to a pre-established Rule 10b5-1 trading plan dated June 12, 2025. The filing clarifies and corrects prior reporting from September 18, 2025 regarding shares sold and the allocation between direct and Buckrail Partners, LLC holdings. From an analytical standpoint, the filing provides transparency on execution and ownership structure but does not provide any company operational or financial performance information.
TL;DR: Proper disclosure and correction noted; trades were pursuant to an established plan, and substantial indirect ownership is maintained.
The Form 4 includes an explicit statement that all sales were made under a 10b5-1 plan and supplies weighted-average pricing ranges with an undertaking to provide detailed per-trade prices on request. The amendment corrects previously reported allocation between the Reporting Person and Buckrail Partners, LLC, demonstrating attention to reporting accuracy. These elements reflect adherence to standard insider trading disclosure practices; the filing contains no indications of governance violations or other irregularities.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 428 | $11.6466 | $5K |
| Sale | Common Stock | 18,772 | $11.706 | $220K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.565 to $11.96. The Reporting Person undertakes to provide EverCommerce Inc. (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. On September 18, 2025, the Reporting Person filed a Form 4 (the "September 18 Form 4"), which reported the sale on September 16, 2025 and September 17, 2025 of an aggregate of 19,200 shares held by Buckrail Partners, LLC when the shares were actually sold by the Reporting Person directly. The total number of shares of common stock held by the Reporting Person and by Buckrail Partners, LLC has been corrected herein to reflect the accurate total ownership of each. All other information included in the September 18 Form 4 remains unchanged. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.58 to $11.70. 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.
