Feierstein Matthew David 4
Research Summary
AI-generated summary
EverCommerce (EVCM) President Matthew Feierstein Sells Shares
What Happened
Matthew D. Feierstein, President of EverCommerce Inc. (EVCM), sold a total of 21,798 shares in open-market/private sales between July 6 and July 8, 2026. Reported transactions:
- 10,000 shares on 2026-07-06 at a weighted-average price of $10.03 — proceeds ~$100,282.
- 10,000 shares on 2026-07-07 at a weighted-average price of $10.10 — proceeds ~$101,014.
- 1,798 shares on 2026-07-08 at a weighted-average price of $10.00 — proceeds ~$17,983. Total proceeds across the three trades were approximately $219,279. All sales are reported as dispositions (S).
Key Details
- Transaction dates: Jul 6, 2026; Jul 7, 2026; Jul 8, 2026. Filing date: Jul 8, 2026 (Form 4 accession 0001856776-26-000032). No late filing indicated in the provided data.
- Reported prices are weighted averages; detailed ranges per footnote:
- Jul 6 sales: $10.00–$10.12 (F1)
- Jul 7 sales: $10.04–$10.23 (F2)
- Jul 8 sales: $10.00–$10.01 (F3) The reporting person will provide a breakdown of how many shares sold at each price upon request.
- Shares owned after the transactions: Not disclosed in the information provided here (check the full Form 4 for post-transaction holdings).
- All sales were made pursuant to a Rule 10b5-1 trading plan dated August 20, 2025 (pre-arranged trading plan).
Context
- A 10b5-1 plan is a pre-established trading arrangement that allows insiders to sell shares according to a schedule or formula; trades under such plans are often routine and do not by themselves indicate a change in the insider’s view of the company.
- For retail investors: sales by executives reduce insider ownership but are common when conducted under 10b5-1 plans. Consider these sales together with other insider activity, company fundamentals, and broader market context before drawing conclusions.