EverCommerce (EVCM) outlines 2026 virtual meeting, board elections and audit vote
EverCommerce Inc. calls a virtual Annual Meeting of Stockholders for June 18, 2026, with holders of common stock at the close of business on April 20, 2026 entitled to vote. There were 177,020,266 shares of common stock outstanding on the record date.
Stockholders are asked to elect three Class II directors to terms ending in 2029 and to ratify Ernst & Young LLP as independent registered public accounting firm for the year ending December 31, 2026. The board is classified into three staggered classes and operates under stockholder agreements with PSG and Silver Lake that govern certain board nomination rights.
The proxy highlights 2025 strategic actions, including divesting a marketing technology solutions business, acquiring ZyraTalk to support an AI-first product strategy, and deploying $85 million to repurchase 8.2 million shares and reprice and extend the credit facility. Management states it met or exceeded 2025 financial targets.
For 2025, CEO Eric Remer received salary of $650,000, a performance bonus of $614,250, and RSU grants valued at $5.52 million. President Matt Feierstein and CFO Ryan Siurek also received performance-based bonuses and time-vested RSUs tied to continued service.
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Key Figures
Key Terms
Class II Directors regulatory
controlled company regulatory
stockholders agreement regulatory
restricted stock unit financial
change in control financial
adjusted EBITDA financial
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Filed by the Registrant ☒ | Filed by a Party other than the Registrant ☐ | ||
☐ | Preliminary Proxy Statement | ||
☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) | ||
☒ | Definitive Proxy Statement | ||
☐ | Definitive Additional Materials | ||
☐ | Soliciting Material Pursuant to §240.14a-12 | ||
(Name of Registrant as Specified in its Charter) |
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) |
☒ | No fee required. | ||
☐ | Fee paid previously with preliminary materials. | ||
☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. | ||
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(1) | For a reconciliation of certain non-GAAP measures and a more detailed discussion of the Company’s 2025 Financial and Operating Results, including about the utility of certain non-GAAP measures, please see our Fourth Quarter 2025 Earnings Press Release (https://investors.evercommerce.com/news-releases/news-release-details/evercommerce-announces-fourth-quarter-and-full-year-2025) and Earnings Presentation (https://investors.evercommerce.com/static-files/d52e7c2a-96a1-4baf-9687-3495a2c6da6f). |
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(1) | To elect Amy Guggenheim Shenkan, John Rudella, and Mark Hastings as Class II Directors to serve until the 2029 Annual Meeting of Stockholders and until their respective successors shall have been duly elected and qualified; |
(2) | To ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2026; and |
(3) | To transact such other business as may properly come before the Annual Meeting or any continuation, postponement, or adjournment of the Annual Meeting. |

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PROXY STATEMENT | 1 | ||
PROPOSALS | 1 | ||
RECOMMENDATIONS OF THE BOARD | 1 | ||
INFORMATION ABOUT THIS PROXY STATEMENT | 1 | ||
QUESTIONS AND ANSWERS ABOUT THE 2026 ANNUAL MEETING OF STOCKHOLDERS | 3 | ||
PROPOSALS TO BE VOTED ON | 7 | ||
PROPOSAL 1: Election of Directors | 7 | ||
RECOMMENDATION OF THE BOARD OF DIRECTORS | 8 | ||
PROPOSAL 2: Ratification of Appointment of Independent Registered Public Accounting Firm | 11 | ||
RECOMMENDATION OF THE BOARD OF DIRECTORS | 11 | ||
REPORT OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS | 12 | ||
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FEES AND OTHER MATTERS | 13 | ||
AUDIT FEES | 13 | ||
AUDIT-RELATED FEES | 13 | ||
TAX FEES | 13 | ||
ALL OTHER FEES | 13 | ||
AUDIT COMMITTEE PRE-APPROVAL POLICY AND PROCEDURES | 13 | ||
EXECUTIVE OFFICERS | 14 | ||
CORPORATE GOVERNANCE | 15 | ||
GENERAL | 15 | ||
DIRECTOR INDEPENDENCE | 16 | ||
CONTROLLED COMPANY EXEMPTION | 16 | ||
DIRECTOR CANDIDATES | 16 | ||
COMMUNICATIONS FROM STOCKHOLDERS | 17 | ||
BOARD LEADERSHIP STRUCTURE AND ROLE IN RISK OVERSIGHT | 17 | ||
INSIDER TRADING POLICY | 18 | ||
ANTI-HEDGING POLICY | 18 | ||
CLAWBACK POLICY | 18 | ||
CODE OF CONDUCT AND ETHICS | 18 | ||
ATTENDANCE BY MEMBERS OF THE BOARD OF DIRECTORS AT MEETINGS | 19 | ||
EXECUTIVE SESSIONS | 19 | ||
COMMITTEES OF THE BOARD | 20 | ||
AUDIT COMMITTEE | 20 | ||
COMPENSATION COMMITTEE | 21 | ||
NOMINATING AND CORPORATE GOVERNANCE COMMITTEE | 22 | ||
EXECUTIVE COMPENSATION | 23 | ||
SUMMARY COMPENSATION TABLE | 23 | ||
NARRATIVE TO SUMMARY COMPENSATION TABLE | 23 | ||
OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END | 26 | ||
EXECUTIVE COMPENSATION ARRANGEMENTS | 26 | ||
DIRECTOR COMPENSATION | 29 | ||
EQUITY COMPENSATION PLAN INFORMATION | 30 | ||
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT | 31 | ||
CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS | 33 | ||
POLICIES AND PROCEDURES FOR RELATED PERSON TRANSACTIONS | 33 | ||
TRANSACTIONS RELATED TO DIRECTORS, EQUITY HOLDERS AND EXECUTIVE OFFICERS | 33 | ||
OTHER MATTERS | 35 | ||
DELINQUENT SECTION 16(A) REPORTS | 35 | ||
COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION | 35 | ||
STOCKHOLDERS’ PROPOSALS | 35 | ||
OTHER MATTERS AT THE ANNUAL MEETING | 35 | ||
SOLICITATION OF PROXIES | 35 | ||
EVERCOMMERCE’S ANNUAL REPORT ON FORM 10-K | 36 | ||
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(1) | To elect Amy Guggenheim Shenkan, John Rudella, and Mark Hastings as Class II Directors to serve until the 2029 Annual Meeting of Stockholders and until their respective successors shall have been duly elected and qualified; |
(2) | To ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2026; and |
(3) | To transact such other business as may properly come before the Annual Meeting or any continuation, postponement, or adjournment of the Annual Meeting. |
(1) | FOR the election of Amy Guggenheim Shenkan, John Rudella, and Mark Hastings as Class II Directors; and |
(2) | FOR the ratification of the appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2026. |
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• | by Internet-You can vote over the Internet at www.proxyvote.com by following the instructions on the Internet Notice or proxy card; |
• | by Telephone-You can vote by telephone by calling 1-800-690-6903 and following the instructions on the proxy card; or |
• | by Mail-You can vote by mail by signing, dating and mailing the proxy card, which you may have received by mail. |
• | by submitting a duly executed proxy bearing a later date; |
• | by granting a subsequent proxy through the Internet or telephone; |
• | by giving written notice of revocation to the Secretary of EverCommerce prior to the Annual Meeting; or |
• | by voting electronically at the Annual Meeting. |
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Proposal | Votes required | Effect of Votes Withheld / Abstentions and Broker Non-Votes | ||||
Proposal 1: Election of Directors | The plurality of the votes cast. This means that the three nominees receiving the highest number of affirmative “FOR” votes will be elected as Class II Directors. | Votes withheld and broker non-votes will have no effect. | ||||
Proposal 2: Ratification of Appointment of Independent Registered Public Accounting Firm | The affirmative vote of the holders of a majority in voting power of the votes cast (excluding abstentions and broker non-votes). | Abstentions and broker non-votes will have no effect. We do not expect any broker non-votes on this proposal. | ||||
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• | irrelevant to the business of the Company or to the business of the Annual Meeting; |
• | related to material non-public information of the Company, including the status or results of our business since our last Quarterly Report on Form 10-Q; |
• | related to any pending, threatened or ongoing litigation; |
• | related to personal grievances; |
• | derogatory references to individuals or that are otherwise in bad taste; |
• | substantially repetitious of questions already made by another stockholder; |
• | in excess of the two question limit; |
• | in furtherance of the stockholder’s personal or business interests; or |
• | out of order or not otherwise suitable for the conduct of the Annual Meeting as determined by the Chair or Corporate Secretary in their reasonable judgment. |
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| The Board of Directors unanimously recommends a vote FOR the election of the below Class II Director nominees. | ||
Name | Age | Served as a Director Since | Positions with EverCommerce | ||||||
Amy Guggenheim Shenkan | 61 | 2025 | Director | ||||||
John Rudella | 55 | 2022 | Director | ||||||
Mark Hastings | 58 | 2016 | Director | ||||||
AMY GUGGENHEIM SHENKAN | Age 61 | ||
JOHN RUDELLA | Age 55 | ||
MARK HASTINGS | Age 58 | ||
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Name | Age | Served as a Director Since | Positions with EverCommerce | ||||||
Tanner Austin | 35 | 2025 | Director | ||||||
Joseph Osnoss | 48 | 2019 | Director | ||||||
Richard A. Simonson | 67 | 2021 | Director | ||||||
TANNER AUSTIN | Age 35 | ||
JOSEPH OSNOSS | Age 48 | ||
RICHARD A. SIMONSON | Age 67 | ||
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Name | Age | Served as a Director Since | Positions with EverCommerce | ||||||
Penny Baldwin-Leonard | 68 | 2021 | Director | ||||||
Eric Remer | 54 | 2016 | Chief Executive Officer and Chairman of the Board of Directors | ||||||
PENNY BALDWIN-LEONARD | Age 68 | ||
ERIC REMER | Age 54 | ||
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| The Board of Directors unanimously recommends a vote FOR the ratification of the appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2026. | ||
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Fee Category | Fiscal 2025 | Fiscal 2024 | ||||
Audit Fees | $1,653 | $1,488 | ||||
Audit-Related Fees | $0 | $0 | ||||
Tax Fees | $0 | $0 | ||||
All Other Fees | $0 | $0 | ||||
Total Fees | $1,653 | $1,488 | ||||
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Name | Age | Position | ||||
Eric Remer(1) | 54 | Chief Executive Officer and Chairman of the Board of Directors | ||||
Matthew Feierstein(2) | 53 | President of EverCommerce and Chief Executive Officer of EverPro | ||||
Ryan Siurek(3) | 54 | Chief Financial Officer | ||||
Lisa Storey(4) | 44 | Chief Legal Officer, Corporate Secretary, and Chief Compliance Officer | ||||
(1) | See biography on page 10 of this proxy statement. |
(2) | Matthew Feierstein has served as our President since October 2016 and as the Chief Executive Officer of EverPro since March 2026. He previously served as President of PaySimple, which is now part of the EverCommerce platform, from December 2009 to October 2016 and as our Chief Operating Officer from October 2016 to June 2021. From July 2021 to March 2026, Mr. Feierstein was responsible for overseeing the holistic business operations and was accountable to both the growth and profitability of the Company. Since March 2026, Mr. Feierstein has been responsible for the strategic direction of EverPro and leading its overall business performance, including growth, profitability, and operational execution. Mr. Feierstein previously served as Chief Operating Officer of Pronto.com, a price comparison service platform and a division of IAC, a media and internet company. Mr. Feierstein also served in senior product and operational leadership roles at Citysearch.com, another division of IAC, as well as spending several years in a senior management role at a small business start-up in the service industry. Mr. Feierstein received his B.A. in History from the University of Michigan. |
(3) | Ryan Siurek, has served as the Company’s Chief Financial Officer since August 2024, and previously served as the Chief Accounting Officer from July 2023 to August 2024. Mr. Siurek has held various finance and accounting executive roles of increasing responsibility. Prior to EverCommerce, Mr. Siurek served as the Chief Accounting Officer of Biodesix, Inc. (BDSX), a life sciences diagnostic testing firm from December 2020 through July 2023. From April 2016 to October 2020, he served as Senior Vice President and Chief Accounting Officer of Vail Resorts, Inc., (MTN) a ski resort and hospitality organization. Mr. Siurek served as Chief Financial Officer for Sprint Corporation’s prepaid and wholesale division from December 2013 to April 2016 and as VP, Chief Accounting Officer and Controller from July 2013 to December 2013. He served as VP and Assistant Controller of Sprint Corporation from January 2009 to November 2009. Prior to Sprint Corporation, Mr. Siurek worked for LyondellBasell Industries from January 2004 to January 2009 where he held various positions, including Director of Risk Management and Global Shared Services from September 2008 to January 2009, European Controller from July 2007 to August 2008, and Senior Manager of Technical Accounting from January 2004 to June 2007 and served as its Controller for European Operations. Mr. Siurek served a three year term as a member of the AICPA’s Financial Reporting Executive Committee from 2020 to 2023 and served on the Financial Accounting Standards Board (FASB) Public Markets Advisory Committee (PMAC) from 2021 to 2025. Mr. Siurek holds a Bachelor’s degree in Accounting and a Master’s degree in Accounting from Texas A&M University and is a Certified Public Accountant. |
(4) | Lisa Storey has served as our Chief Legal Officer, Corporate Secretary, and Chief Compliance Officer since November 2023 and previously served as our General Counsel from August 2017 to November 2023 and is responsible for supporting our continued growth and business pursuits from a legal, compliance and risk management perspective. From November 2012 to August 2017, Ms. Storey served as Associate General Counsel of Air Methods Corporation, an air ambulance company in the United States. Prior to that, Ms. Storey practiced in the health care regulatory groups at the law firms of Davis Graham & Stubbs LLP in Denver, CO and Arent Fox LLP in Washington, D.C., providing merger and acquisition, litigation and compliance counsel for her clients. Ms. Storey received her J.D. from Vanderbilt University Law School and her B.A. in Molecular, Cellular and Developmental Biology and Philosophy from University of Colorado Boulder. |
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• | Communications regarding individual grievances or other interests that are personal to the party submitting the communication; |
• | Communications regarding ordinary business operations; and |
• | Communications that contain offensive, obscene or abusive content. |
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Name | Audit | Compensation | Nominating and Corporate Governance | ||||||
Tanner Austin | |||||||||
Penny Baldwin-Leonard | X | ||||||||
John Rudella | Chair | ||||||||
Mark Hastings | Chair | ||||||||
Joseph Osnoss | X | ||||||||
Eric Remer | X | ||||||||
Richard A. Simonson | Chair | ||||||||
Amy Guggenheim Shenkan | X | ||||||||
• | Appointing, compensating, retaining, evaluating, terminating and overseeing our independent registered public accounting firm; |
• | discussing with our independent registered public accounting firm their independence; |
• | reviewing with our independent registered public accounting firm the scope and results of their audit; |
• | approving all audit and permissible non-audit services to be performed by our independent registered public accounting firm; |
• | overseeing the financial reporting process and discussing with management and our independent registered public accounting firm the interim and annual financial statements that we file with the SEC; |
• | reviewing our risk assessment and risk management policies, including with respect to financial and cybersecurity-related risks; |
• | reviewing and approving related person transactions; |
• | overseeing our financial and accounting controls; |
• | reviewing periodically our code of conduct and ethics and the procedures in place to enforce the code; |
• | considering and receiving reports from management regarding compliance with our policies pertaining to data privacy and security, anti-corruption, anti-fraud, insider trading, Regulation FD, related persons and other relevant Company policies; and |
• | establishing procedures for the confidential anonymous submission of concerns regarding questionable accounting or auditing matters. |
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• | reviewing and approving, or recommending to the Board for approval, the compensation of our Chief Executive Officer and other executive officers; |
• | making recommendations to our Board regarding the compensation of our directors; |
• | reviewing and approving or making recommendations to our Board regarding our incentive compensation and equity-based plans and arrangements; |
• | overseeing our succession plan for the Chief Executive Officer and other executive officer roles; |
• | administering and overseeing the Company’s compliance with the compensation recovery policy required by applicable SEC and Nasdaq rules; and |
• | appointing, compensating and overseeing any compensation consultants. |
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• | identifying individuals qualified to become members of our Board, consistent with criteria approved by our Board, except where the Company is legally required by contract, bylaw or otherwise to provide third parties with the right to designate directors, including pursuant to the Stockholders Agreements (for so long as such agreement is in effect); |
• | recommending to our Board the nominees for election to our Board at annual meetings of stockholders and director candidates to fill vacancies occurring between annual meetings of stockholders, except where the Company is legally required by contract, bylaw or otherwise to provide third parties with the right to designate directors, including pursuant to the Stockholders Agreements (for so long as such agreement is in effect); |
• | oversee the Company’s environmental, social and sustainability strategies, policies and practices; |
• | overseeing a periodic evaluation of the Board and its committees; and |
• | reviewing and recommending changes to our Corporate Governance Guidelines to our Board. |
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• | Eric Remer, Chief Executive Officer; |
• | Matt Feierstein, President; and |
• | Ryan Siurek, Chief Financial Officer and Chief Accounting Officer. |
Name and Principal Position | Year | Salary ($)(1) | Bonus | Stock Awards ($)(2) | Option Awards ($)(2) | Non-Equity Incentive Plan Compensation ($)(3) | All Other Compensation ($)(4) | Total ($) | ||||||||||||||||
Eric Remer, Chief Executive Officer | 2025 | 650,000 | — | 5,524,999 | — | 614,250 | — | 6,789,249 | ||||||||||||||||
2024 | 650,000 | — | 4,875,002 | — | 599,625 | — | 6,124,627 | |||||||||||||||||
Matt Feierstein, President | 2025 | 425,000 | — | 2,337,496 | — | 401,625 | 12,423 | 3,176,544 | ||||||||||||||||
2024 | 425,000 | — | 2,337,496 | — | 348,500 | — | 3,110,996 | |||||||||||||||||
Ryan Siurek, Chief Financial Officer | 2025 | 409,041 | — | 1,400,001 | — | 171,780 | 14,000 | 1,994,822 | ||||||||||||||||
2024 | 385,320 | — | 975,002 | — | 164,000 | 13,800 | 1,538,122 | |||||||||||||||||
(1) | Amounts reflect the base salaries earned by each named executive officer in respect of the applicable fiscal year. |
(2) | Amounts reflect the full grant-date fair value of restricted stock units to purchase shares of our common stock granted during 2024 and 2025, as applicable, computed in accordance with ASC Topic 718, disregarding the effects of estimated forfeitures, rather than the amounts paid to or realized by the named individual. We provide information regarding the assumptions used to calculate the value of option awards and restricted stock unit awards made to executive officers in 2025 in Note 12 in the notes to the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2025. |
(3) | The amounts in this column represent annual incentive cash awards earned by each named executive officer for each fiscal year pursuant to performance-based cash bonus programs. See “Narrative Disclosure to Summary Compensation Table -2025 Bonuses” for further information on the performance bonuses. |
(4) | Amount reflects, for Messrs. Feierstein and Siurek a $ 12,423 and $14,000 401(k) matching contribution, respectively, made by the Company to their accounts. |
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Name | Number of Restricted Stock Units | ||
Eric Remer | 501,028 | ||
Matt Feierstein | 240,236 | ||
Ryan Siurek | 143,885 | ||
• | medical, dental and vision benefits; |
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• | medical care flexible spending accounts and health savings accounts; |
• | short-term and long-term disability insurance; and |
• | life and accidental death & dismemberment insurance. |
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Option Awards | Stock Awards | |||||||||||||||||
Name | Number of Securities Underlying Unexercised Options (#) Exercisable | Number of Securities Underlying Unexercised Options (#) Unexercisable | Option Exercise Price ($) | Option Expiration Date | Number of Shares or Units of Stock That Have Not Vested (#) | Market Value of Shares or Units of Stock That Have Not Vested ($)(4) | ||||||||||||
Eric Remer | 910,270(1) | 11,023,370 | ||||||||||||||||
5,747,164 | — | $9.1356 | 1/9/2030(2) | |||||||||||||||
143,382 | — | $17.0000 | 7/1/2031(1) | |||||||||||||||
186,487 | — | $17.0000 | 9/20/2031(1) | |||||||||||||||
392,753 | 26,184 | $11.9700 | 3/1/2032(1) | |||||||||||||||
Matt Feierstein | 410,139(1) | 4,966,783 | ||||||||||||||||
1,436,791 | — | $9.1356 | 1/9/2030(2) | |||||||||||||||
68,750 | — | $17.0000 | 7/1/2031(1) | |||||||||||||||
89,418 | — | $17.0000 | 9/20/2031(1) | |||||||||||||||
188,320 | 12,555 | $11.9700 | 3/1/2032(1) | |||||||||||||||
Ryan Siurek | 192,380(1) | 2,329,722 | ||||||||||||||||
— | — | — | — | |||||||||||||||
(1) | Each such restricted stock unit and option award granted in 2021 and 2022 vests as to 25% of such award on the first anniversary of the grant date and in ratable quarterly installments, and each such restricted stock unit granted in 2023, 2024 and 2025 will vest in ratable quarterly installments from the grant date, such that in all such grants 100% of the award is vested on the fourth anniversary of the grant date, subject to the executive’s continued service through the applicable vesting dates, provided that, for our named executive officers, each such option and restricted stock unit award will become fully vested if the individual’s employment is terminated without Cause during the 12-month period following a change in control (as defined in the 2021 Plan). |
(2) | Twenty-five percent (25%) of these options vested on the first anniversary of the grant date (and such options vested on January 10, 2021) and the balance of such options vested in thirty-six (36) equal monthly installments which began one month after the first anniversary of the grant date, subject to the NEO’s continued service with us through the applicable vesting dates. |
(3) | The restricted stock unit award granted in 2023 and 2024 vests as to 25% of such award on the first anniversary of the grant date and in ratable quarterly installments, and each such restricted stock unit granted in 2025 will vest in ratable quarterly installments from the grant date, such that in all such grants 100% of the award is vested on the fourth anniversary of the grant date, subject to the executive’s continued service through the applicable vesting dates, provided that, for our named executive officer, each such restricted stock unit award will become fully vested if the individual’s employment is terminated without Cause during the 12-month period following a change in control (as defined in the 2021 Plan). |
(4) | These amounts represent the value of unvested stock awards as of December 31, 2025, based on the closing price of our stock on that date of $12.11, and are not representative of the fair market value for accounting purposes, which was determined on the date of grant. |
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Name | Fees Earned or Paid in Cash ($)(1) | Stock Awards ($)(2) | Total ($) | ||||||
Tanner Austin(3) | $0 | $0 | $0 | ||||||
Penny Baldwin-Leonard | $75,000 | $199,996 | $274,996 | ||||||
Mark Hastings | $0 | $0 | $0 | ||||||
John Marquis(4) | $0 | $0 | $0 | ||||||
Joseph Osnoss | $0 | $0 | $0 | ||||||
Amy G. Shenkan(5) | $46,774 | $499,991 | $546,765 | ||||||
Rick Simonson | $95,000 | $199,996 | $294,996 | ||||||
John Rudella | $0 | $0 | $0 | ||||||
Alexi Wellman(6) | $18,750 | $0 | $18,750 | ||||||
(1) | Amounts reflect cash retainers paid pursuant to our non-employee director compensation policy. |
(2) | Amounts reflect the full grant-date fair value of stock awards granted during fiscal 2025 computed in accordance with ASC Topic 718, rather than the amounts paid to or realized by the named individual. We provide information regarding the assumptions used to calculate the value of all stock awards and option awards made to our directors in 2025 in Note 12 in the notes to the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2025. |
(3) | Mr. Austin commenced service on our Board effective February 14, 2025. |
(4) | Mr. Marquis resigned from our Board effective February 12, 2025. |
(5) | Ms. Shenkan commenced service on our Board effective May 17, 2025. |
(6) | Ms. Wellman resigned from our Board effective April 10, 2025. |
Name | Unvested Restricted Stock Units Outstanding at Fiscal Year End | Stock Options Outstanding at Fiscal Year End (Exercisable) | Stock Options Outstanding at Fiscal Year End (Unexercisable) | ||||||
Tanner Austin | 0 | 0 | 0 | ||||||
Penny Baldwin-Leonard | 20,942 | 60,000 | 0 | ||||||
Mark Hastings | 0 | 0 | 0 | ||||||
John Marquis | 0 | 0 | 0 | ||||||
Joseph Osnoss | 0 | 0 | 0 | ||||||
Amy G. Shenkan | 48,899 | 0 | 0 | ||||||
Rick Simonson | 20,942 | 70,000 | 0 | ||||||
John Rudella | 0 | 0 | 0 | ||||||
Alexi Wellman | 0 | 0 | 0 | ||||||
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Name | Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights | Weighted Average Exercise Price of Outstanding Options, Warrants and Rights(1) | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans | ||||||
Equity compensation plans approved by security holders(2) | 18,382,019(3) | $ 10.12 | 39,983,736(4) | ||||||
Equity compensation plans not approved by security holders | 0 | $— | 0 | ||||||
Totals | 18,382,019 | $ 10.12 | 39,983,736 | ||||||
(1) | The weighted average exercise price is calculated based solely on the exercise prices of the outstanding options and does not reflect the shares that will be issued upon the vesting and settlement of outstanding RSUs, which have no exercise price. |
(2) | Includes awards or rights granted and available to be granted under the 2008 Equity Incentive Plan, Amended & Restated 2016 Equity Incentive Plan, the 2021 Incentive Award Plan (the “2021 Plan”), and the Employee Stock Purchase Plan (“ESPP”). |
(3) | Includes shares subject to outstanding awards granted, of which 13,477,444 shares are subject to outstanding options and 4,904,575 shares are subject to outstanding RSUs. |
(4) | Includes 29,748,148 shares available for future issuance under our 2021 Plan and 10,235,588 shares available for future issuance under our ESPP as of December 31, 2025, (of which a maximum of 237,824 shares may be issued with respect to the purchase period in effect as of December 31, 2025, which purchase period ends on May 31, 2026) and is ongoing as of the date of this proxy statement. The number of shares available for issuance under our 2021 Plan increases automatically on January 1 of each calendar year of the Company beginning in 2022 and ending in 2031, in an amount equal to the lesser of (i) 3% of the aggregate number of outstanding shares of our common stock on the final day of the immediately preceding calendar year and (ii) such smaller number of shares determined by our Board. The number of shares available for issuance under our ESPP increases automatically on January 1 of each calendar year of the Company beginning in 2022 and ending in 2031, in an amount equal to the lesser of (i) 1% of the aggregate number of outstanding shares of our common stock on the final day of the immediately preceding calendar year and (ii) such smaller number of shares determined by our Board. We adopted our 2008 Plan in 2008, pursuant to which we granted equity awards, including stock options, to eligible employees. Following the adoption of the 2016 Plan, no further awards were granted under the 2008 Plan. Following the adoption of our 2021 Plan, no further awards were granted under the 2016 Plan. |
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• | each person or group of affiliated persons known by us to beneficially own more than 5% of our outstanding shares of common stock; |
• | each of our directors and director nominees; |
• | each of our named executive officers; and |
• | all of our executive officers and directors as a group. |
Name | Number of Shares Beneficially Owned | Percentage of Shares Beneficially Owned | ||||
5% Stockholders (excl. Named Executive Officers and Directors) | ||||||
Entities affiliated with PSG(1) | 85,464,516 | 48.3% | ||||
Entities affiliated with Silver Lake(2) | 67,085,136 | 37.9% | ||||
Named Executive Officers and Directors | ||||||
Eric Remer(3) | 14,493,624 | 7.9% | ||||
Matthew Feierstein(4) | 3,590,055 | 2.0% | ||||
Ryan Siurek(5) | 73,856 | *% | ||||
Tanner Austin | — | * | ||||
Penny Baldwin-Leonard(6) | 116,523 | * | ||||
Mark Hastings | — | * | ||||
Joseph Osnoss | — | * | ||||
John Rudella | — | * | ||||
Amy Guggenheim Shenkan(7) | 28,957 | * | ||||
Richard A. Simonson(8) | 153,922 | * | ||||
All current executive officers and directors as a group (11 individuals)(9) | 18,738,681 | 10.1% | ||||
* | Less than one percent. |
(1) | Based solely on a Schedule 13G/A filed with the SEC on February 14, 2023. Consists of (i) 10,823,936 shares held by Providence Strategic Growth II L.P. (“PSG II”) over which it has shared voting and dispositive power, (ii) 8,264,147 shares held by Providence Strategic Growth II-A L.P. (“PSG II-A”) over which it has shared voting and dispositive power, (iii) 11,693,622 shares held by Providence Strategic Growth III L.P. (“PSG III”) over which it has shared voting and dispositive power, (iv) 3,785,594 shares held by Providence Strategic Growth III-A L.P. (“PSG III-A”) over which it has shared voting and dispositive power and (v) 50,897,217 shares held by PSG PS Co-Investors L.P. (“PSG Co-Invest” and, collectively with PSG II, PSG II-A, PSG III and PSG III-A, “PSG Funds”) over which it has shared voting and dispositive power. PSG Ultimate GP Managing Member L.L.C. (“PSG Managing Member”) is the indirect managing member of the PSG Funds and holds voting and dispositive power over the shares of common stock held by the PSG Funds. The members of PSG Managing Member are controlled by each of Mark Hastings and Peter Wilde, respectively. Each of PSG Managing Member, Mr. Hastings and Mr. Wilde may have shared voting and dispositive power of 85,464,516 shares. Each of Mr. Hastings and Mr. Wilde disclaim beneficial ownership of any of the Common Stock held by the PSG Funds, except to the extent of their pecuniary interest therein. The address for each of the entities referenced above is 401 Park Drive, Suite 204, Boston, MA 02215. |
(2) | Based solely on a Schedule 13G/A filed with the SEC on February 14, 2023. Consists of (i) 60,829,040 shares held by SLA CM Eclipse Holdings, L.P. (“SLA Eclipse”) and (ii) 6,256,096 shares held by SLA Eclipse Co-Invest (“SLA Co-Invest”). The general partner of SLA Eclipse is SLA CM GP, L.L.C. (“SLA CM GP”) and the sole member of SLA CM GP is SL Alpine Aggregator GP, L.L.C. (“SLA CM Aggregator”). The managing member of SLA CM Aggregator is Silver Lake Alpine Associates, L.P. (“SLAA”). The general partner of SLAA is SLAA (GP), L.L.C. (“SLAA GP”). The general partner of SLA Co-Invest is SLA Co-Invest, GP, L.L.C. (“SLA Co-Invest GP”). Silver Lake Group, L.L.C. (“SLG”) is the managing member of each of SLAA GP and SLA Co-Invest GP. SLA Eclipse, SLA CM GP, SLA CM Aggregator, |
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(3) | Consists of (i) 1,632,312 shares of common stock held by Mr. Remer, (ii) 5,148,663 shares of common stock held by Buckrail Partners LLC, which Mr. Remer controls; (iii) 1,000,000 shares of common stock held by EMJ Remer Family Trust, over which Mr. Remer is deemed to control; (iv) 35,000 shares of common stock held by the Remer Family Trust, over which Mr. Remer is deemed to control; (v) 28,999 shares of common shares held by the Remer Irrevocable Educational Trust, over which Mr. Remer is deemed to control; (vi) 24,360 shares of common stock held by Eric Remer Fidelity IRA, which Mr. Remer is deemed to control; (vii) 6,495,970 shares of common stock issuable upon exercise of options that have vested or will vest within 60 days of April 20, 2026 and (viii) 128,320 RSUs that will vest within 60 days of April 20, 2026. |
(4) | Consists of (i) 1,586,325 shares of common stock held by Mr. Feierstein, (ii) 150,000 shares of common stock held by MEF Family Irrevocable Trust, over which Mr. Feierstein is deemed to control; (iii) 1,795,834 shares of common stock issuable upon exercise of options that have vested or will vest within 60 days of April 20, 2026 and (iv) 57,896 RSUs that will vest within 60 days of April 20, 2026. |
(5) | Consists of (i) 46,586 shares of common stock held by Mr. Siurek, and (ii) 27,270 RSUs that will vest within 60 days of April 20, 2026. |
(6) | Consists of (i) 56,523 shares of common stock held by Mrs. Baldwin-Leonard and (ii) 60,000 shares of common stock issuable upon exercise of options that have vested or will vest within 60 days of April 20, 2026. |
(7) | Consists of 28,957 RSUs that will vest within 60 days of April 20, 2026 for Ms. Guggenheim Shenkan. |
(8) | Consists of (i) 56,523 shares of common stock held by Mr. Simonson, (ii) 27,399 shares of common stock held by Specie Mesa LLC, which Mr. Simonson controls and (iii) 70,000 shares of common stock issuable upon exercise of options that have vested or will vest within 60 days of April 20, 2026. |
(9) | This group of directors and executive officers includes only those currently serving as directors and executive officers as of the date of this Proxy Statement. Consists of (i) 9,847,705 shares of common stock, (ii) 8,629,902 shares of common stock issuable upon exercise of options that have vested or will vest within 60 days of April 20, 2026 and (iii) 261,074 RSUs that will vest within 60 days of April 20, 2026. |
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• | change in control transactions; |
• | acquiring or disposing of assets or any business enterprise or division thereof for consideration excess of $500.0 million in any single transaction or series of transactions; |
• | increasing or decreasing the size of our Board; |
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• | terminating the employment of our chief executive officer or hiring a new chief executive officer; |
• | initiating any liquidation, dissolution, bankruptcy or other insolvency proceeding involving us or any of our significant subsidiaries; and |
• | any transfer, issuance, sale or disposition of common stock, other equity securities, equity-linked securities or securities that are convertible into equity securities of us or our subsidiaries to any person or entity that is a non-strategic financial investor (which for the avoidance of doubt shall include any investment funds set up with the primary objective of making financial investments or to invest capital and fund managers (including venture capital funds, hedge funds, bond funds, balanced funds, private equity funds, buy out funds, sovereign wealth funds or any other such funds)) in a private placement transaction or series of transactions. |
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