Commerce.com (CMRC) CFO & COO reports routine tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Commerce.com, Inc. executive Daniel Lentz, the CFO & COO, reported a routine tax-related share disposition. On the Form 4 date, 13,074 shares of Series 1 Common Stock were withheld at $2.67 per share to cover tax obligations. After this non-market transaction, Lentz directly holds 488,709 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lentz Daniel
Role
CFO & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Series 1 Common Stock | 13,074 | $2.67 | $35K |
Holdings After Transaction:
Series 1 Common Stock — 488,709 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did Commerce.com (CMRC) report for Daniel Lentz?
Commerce.com reported that CFO & COO Daniel Lentz had 13,074 shares of Series 1 Common Stock withheld to satisfy tax obligations. The Form 4 characterizes this as a tax-withholding disposition, not an open-market sale or purchase of CMRC shares.
Was the Commerce.com (CMRC) Form 4 transaction an open-market sale?
The Form 4 shows a tax-withholding disposition, not an open-market sale. 13,074 shares were delivered at $2.67 per share to cover tax liability, as described by the F code, rather than sold voluntarily on the market.
What does transaction code F mean in the Commerce.com (CMRC) Form 4?
Transaction code F on the Form 4 indicates payment of an exercise price or tax liability by delivering securities. For Commerce.com, this means 13,074 CMRC shares were withheld from Daniel Lentz to cover tax obligations, not sold in a discretionary market trade.
Is the Commerce.com (CMRC) insider transaction likely to be a major signal for investors?
The filing describes a tax-withholding disposition, which is typically a routine administrative event. Daniel Lentz still holds 488,709 CMRC shares directly, indicating this transaction is relatively small compared with his overall equity position in Commerce.com.