EverCommerce (EVCM) President Matthew Feierstein Withholds Shares for Taxes

What Happened

• Matthew Feierstein, President of EverCommerce (EVCM), had shares withheld by the company to cover tax withholding obligations when Restricted Stock Units (RSUs) vested. Three withholding transactions occurred: 6,484 shares at $7.93 ($51,418), 6,604 shares at $7.92 ($52,304), and 5,773 shares at $7.92 ($45,722), for a combined 18,861 shares and roughly $149,444 in value. These are disposals reported under withholding code F (not open-market sales).

Key Details

• Transaction dates and amounts:
  • 2026-09-03: 6,484 shares withheld @ $7.93 = $51,418 (F)
  • 2026-09-05: 6,604 shares withheld @ $7.92 = $52,304 (F)
  • 2026-09-05: 5,773 shares withheld @ $7.92 = $45,722 (F)
• Total withheld: 18,861 shares for ~ $149,444.
• Footnotes: Withholdings correspond to vested RSUs from grants dated March 3, 2023 (F1), March 5, 2025 (F2), and March 5, 2026 (F3).
• Shares owned after the transactions: not specified in the provided filing.
• Filing details: Form filed 2026-09-08 reporting transactions through 2026-09-05. The 2026-09-03 withholding was reported one business day late relative to the typical two-business-day Form 4 reporting window.

Context

• These transactions are routine tax-withholdings upon RSU vesting (cashless withholding), not discretionary open-market sales; they generally do not signal a change in insider sentiment.
• Transaction code F indicates shares were surrendered to the issuer to satisfy tax obligations rather than sold on the market.