Cassidy Charles D 4

What Happened
Charles D. Cassidy, General Counsel and Secretary of Commerce.com (CMRC), disposed of 406 shares on 2026-05-21 to satisfy tax withholding related to an equity award or option exercise. The shares were valued at $2.96 each, for a total of $1,202. This was a tax-withholding/settlement (code F)—not an open-market sale.

Key Details

• Transaction date and price: 2026-05-21 at $2.96 per share (406 shares; $1,202 total).
• Transaction type/code: F — payment of exercise price or tax liability (shares surrendered/withheld).
• Shares owned after transaction: Not specified in the filing provided.
• Filing date: Form 4 filed 2026-05-26 (filed five days after the reported transaction), which appears later than the typical 2-business-day SEC reporting window.
• Note: This was a withholding to cover taxes, not an ordinary open-market sale.

Context
Withholdings to cover taxes are a common, administrative outcome of option exercises or vesting events and generally do not signal the same trading intent as open-market purchases or sales. For retail investors, these routine tax-related disposals are less informative about insider sentiment than purchases or voluntary sales.