Feierstein Matthew David 4
Research Summary
AI-generated summary
EverCommerce (EVCM) President Matthew Feierstein Sells 30,000 Shares
What Happened Matthew D. Feierstein, President of EverCommerce Inc. (EVCM), reported three open-market sales totaling 30,000 common shares. Sales were: 10,000 shares on 2026-05-01 (weighted avg $11.94, $119,431), 10,000 shares on 2026-05-04 (weighted avg $11.87, $118,733), and 10,000 shares on 2026-05-05 (weighted avg $11.28, $112,752). Total proceeds across the three dispositions were approximately $350,916. These were sales (code S), which are often routine cashing-out transactions rather than a bullish signal.
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-05-01: 10,000 shares @ $11.94 (weighted avg; range reported 11.37–12.28)
- 2026-05-04: 10,000 shares @ $11.87 (weighted avg; range reported 11.50–12.32)
- 2026-05-05: 10,000 shares @ $11.28 (weighted avg; range reported 10.96–11.68)
- Total shares sold: 30,000; total reported proceeds ≈ $350,916.
- Shares owned after the transactions: not specified in the information provided in this summary.
- Footnotes: each sale price is a weighted average of multiple trades; the filer offers to provide a per-trade breakdown on request (per F1–F3).
- 10b5-1 plan: the filing states the sales were made pursuant to a Rule 10b5-1 trading plan dated August 20, 2026 (as reported). Note the plan date listed is after the trade dates shown in this filing.
- Filing date: Form 4 filed 2026-05-05 covering transactions through 2026-05-01; no late-filing code provided in the material you supplied.
Context
- Sales under a Rule 10b5-1 plan are pre-scheduled trades and may reflect routine liquidity management rather than a change in insider sentiment about the company. For retail investors, purchases generally carry more direct informational value than routine insider sales.