Feierstein Matthew David 4
Research Summary
AI-generated summary
EverCommerce President Matthew Feierstein Sells Shares
What Happened
Matthew D. Feierstein, President of EverCommerce Inc. (EVCM), reported dispositions totaling 19,352 shares between March 4–5, 2026. Transactions include a 10,000‑share open‑market sale at a weighted average price of $12.03 (proceeds $120,304), a 5,000‑share open‑market sale at a weighted average price of $12.17 (proceeds $60,865), and 4,352 shares withheld to cover tax withholding on vested RSUs at a weighted average price of $12.13 (value $52,790). Total proceeds/consideration were about $233,959 (~$234k). All sales were reported as dispositions (routine selling), not purchases.
Key Details
- Dates and amounts:
- Mar 4, 2026: 10,000 shares sold @ weighted avg $12.03 — $120,304 (footnote F1; sales priced between $11.41–$12.36).
- Mar 5, 2026: 5,000 shares sold @ weighted avg $12.17 — $60,865 (footnote F2; sales priced between $12.02–$12.56).
- Mar 5, 2026: 4,352 shares withheld for tax on RSU vesting @ weighted avg $12.13 — $52,790 (footnote F3; represents shares withheld to satisfy tax withholding on RSUs granted 3/5/2025).
- Total shares disposed: 19,352; total consideration ≈ $233,959.
- Sales were made pursuant to a Rule 10b5-1 trading plan dated Aug 20, 2025 (reported in the filing).
- Shares owned after the transactions: not disclosed in this Form 4 filing.
- Filing timeliness: Form 4 filed on Mar 6, 2026 for transactions on Mar 4–5, 2026 — reported timely under Form 4 rules.
Context
- The 4,352‑share disposition was tax withholding for vested restricted stock units (RSUs), a common administrative transaction (cashless withholding) rather than an active market sale for liquidity.
- All other disposals were open‑market sales under a pre-established 10b5-1 plan, which is typically used to schedule trades in advance.
- Sales are routine insider activity and do not, by themselves, indicate management sentiment; purchases generally carry more informational weight for investors.