Cassidy Charles D 4

What Happened

Charles D. Cassidy, General Counsel and Secretary of Commerce.com (CMRC), disposed of 1,463 shares on 2026-06-02 at $3.18 per share, a total value of roughly $4,652. The transaction is coded F, indicating the shares were surrendered to satisfy a tax withholding or exercise-related tax liability (a common form of disposal).

Key Details

• Transaction date: 2026-06-02; Filing date: 2026-06-04 (timely filing).
• Shares disposed: 1,463 at $3.18 each; total reported value ~$4,652.
• Transaction code: F — payment of exercise price or tax liability (shares withheld/surrendered).
• Shares owned after the transaction: not specified in the provided filing details.
• No 10b5-1 plan or other special instructions were noted in the supplied information.

Context

An F-coded disposal usually reflects withholding of shares to cover taxes from an equity award or option exercise (a form of cashless exercise), and is typically a routine administrative event rather than a market sentiment signal. Purchases by insiders tend to be more informative about confidence; tax-withholding disposals are common and do not alone indicate a change in insider outlook.