Commerce.com (CMRC) GC Charles D. Cassidy Surrenders 406 Shares for Taxes

What Happened
Charles D. Cassidy, General Counsel and Secretary of Commerce.com (CMRC), disposed of 406 shares on August 21, 2026 to satisfy a tax obligation. The shares were recorded at $2.22 each, for a total value of approximately $901. This was a tax-withholding/settlement disposition (not an open-market sale) associated with equity compensation.

Key Details

• Transaction date: 2026-08-21; Filing date: 2026-08-25.
• Disposition: 406 shares at $2.22 per share; total value ≈ $901.
• Transaction code: F — payment of exercise price or tax liability (share withholding).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Timeliness: Filed four days after the transaction date; appears to be outside the typical 2-business-day Form 4 window (a late filing, which reduces immediate transparency).

Context

• Code F typically means shares were surrendered or withheld to cover taxes from an award or option exercise (a common, administrative action). This is routine and does not necessarily signal insider buying or selling intent.
• Because shares were surrendered to cover taxes rather than sold on the open market for cash proceeds, the transaction is less informative about the insider’s market view.