[Form 4] Everpure, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Everpure, Inc. director and Chief Visionary Officer John Colgrove reported a routine tax-related share disposition. On the reported date, 15,956 shares of Class A Common Stock were withheld by the company at $74.61 per share to satisfy income tax obligations tied to previously granted equity awards, and the footnote clarifies this was not an open-market sale.
Following this withholding, Colgrove directly owned 6,598,985 shares of Class A Common Stock. He also reported indirect ownership through family trusts, including trust holdings of 2,615,000 shares and 467,694 shares of Class A Common Stock as of the same date.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Colgrove John
Role
Chief Visionary Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 15,956 | $74.61 | $1.19M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 6,598,985 shares (Direct, null);
Class A Common Stock — 467,694 shares (Indirect, By Trust)
Footnotes (1)
- Represents shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of the Reporting Person's equity awards, previously reported on a Form 4, and does not represent a sale by the Reporting Person. Shares are held by Colgrove Family Living Trust. Shares are held by The EEC Irrevocable Trust. A member of the Reporting Person's immediate family is a beneficiary of the trust. Shares are held by The RWC Irrevocable Trust. A member of the Reporting Person's immediate family is a beneficiary of the trust.
Key Figures
Tax-withheld shares: 15,956 shares
Withholding price: $74.61 per share
Direct holdings after transaction: 6,598,985 shares
+2 more
5 metrics
Tax-withheld shares
15,956 shares
Shares withheld to satisfy income tax obligations on vested equity awards
Withholding price
$74.61 per share
Value per share applied to tax-withheld Everpure Class A stock
Direct holdings after transaction
6,598,985 shares
Class A Common Stock directly owned by John Colgrove after withholding
Trust holdings (large position)
2,615,000 shares
Class A Common Stock held indirectly through a family trust
Trust holdings (additional)
467,694 shares
Additional Class A Common Stock held indirectly through a family trust
Key Terms
tax withholding, equity awards, Form 4, irrevocable trust, +1 more
5 terms
tax withholding financial
"withheld by the Issuer to satisfy its income tax withholding and remittance obligations"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
equity awards financial
"in connection with the vesting and net settlement of the Reporting Person's equity awards"
Equity awards are payments to employees or directors made in the form of company stock or rights to buy stock later, serving as a way to share ownership rather than cash. For investors, they matter because they align staff incentives with company performance, can increase the number of shares outstanding over time (which can reduce each share’s claim on profits), and create compensation costs that affect reported earnings.
Form 4 regulatory
"previously reported on a Form 4, and does not represent a sale"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
irrevocable trust financial
"Shares are held by The EEC Irrevocable Trust. A member of the Reporting Person's immediate family"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did Everpure (P) report for John Colgrove?
Everpure reported that John Colgrove had 15,956 Class A shares withheld to cover income taxes on vested equity awards. The company notes this withholding is not an open-market sale, but a routine mechanism to satisfy tax obligations on prior grants.
Was John Colgrove’s Everpure (P) Form 4 transaction a stock sale?
No. The Form 4 states the 15,956 shares were withheld by Everpure to meet income tax and remittance obligations on vested equity awards. A footnote explicitly clarifies this withholding does not represent a sale by John Colgrove in the open market.
How are John Colgrove’s Everpure (P) trust holdings described?
The filing notes that certain Everpure shares are held indirectly through family trusts, including the Colgrove Family Living Trust and two irrevocable trusts. These trusts report holdings such as 2,615,000 and 467,694 Class A shares, with family members as beneficiaries.
Does the Everpure (P) Form 4 mention equity awards for John Colgrove?
Yes. The filing explains that the withheld 15,956 shares relate to the vesting and net settlement of equity awards previously reported. The issuer retained these shares solely to cover its income tax withholding and remittance obligations, rather than as a discretionary sale.