EverCommerce (EVCM) president reports RSU tax-share withholding on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EverCommerce Inc. President Matthew David Feierstein reported a tax-related share disposition. On the reported date, 4,936 shares of EverCommerce common stock were withheld by the company to cover his tax withholding obligation upon the vesting of Restricted Stock Units. After this withholding, he directly owned 2,025,983 common shares, and an additional 150,000 shares were held indirectly through a family trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Feierstein Matthew David
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,936 | $10.06 | $50K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,025,983 shares (Direct);
Common Stock — 150,000 shares (Indirect, By Family Trust)
Footnotes (1)
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FAQ
What insider transaction did EverCommerce (EVCM) report for Matthew Feierstein?
EverCommerce reported that President Matthew David Feierstein had 4,936 common shares withheld to satisfy tax obligations from vesting Restricted Stock Units. This Form 4 shows an administrative tax-withholding disposition rather than an open-market purchase or sale of shares.
Was the EverCommerce (EVCM) Form 4 transaction an open-market sale?
No. The Form 4 describes a tax-withholding disposition where 4,936 shares were withheld by EverCommerce to cover Matthew Feierstein’s tax obligations upon RSU vesting. It does not indicate an open-market sale initiated to liquidate shares for investment purposes.
What does the tax-withholding disposition in EverCommerce (EVCM) Form 4 mean?
A tax-withholding disposition means the issuer kept a portion of vested shares, here 4,936, to cover the insider’s tax liability. Instead of paying cash for taxes, some shares from Restricted Stock Units are retained by the company to satisfy withholding requirements.
How are family trust holdings reported in the EverCommerce (EVCM) Form 4?
The Form 4 shows 150,000 EverCommerce common shares held indirectly by a family trust. This is labeled as indirect ownership, indicating the shares are attributed to Matthew Feierstein through the trust rather than being held directly in his own name.