Commerce.com (CMRC) GC Charles Cassidy Surrenders 281 Shares for Taxes

What Happened Charles D. Cassidy, General Counsel and Secretary of Commerce.com (CMRC), disposed of 281 shares on Sep 21, 2026 to satisfy a tax obligation tied to an equity event. The shares were recorded at $3.33 each, for a total value of about $936. The transaction is reported under code F, indicating shares were withheld or surrendered to cover tax withholding or exercise price—not an open-market sale or purchase.

Key Details

• Transaction date: 2026-09-21; Filing date (Form 4): 2026-09-23 (appears to be filed within the normal reporting window).
• Disposition: 281 shares disposed at $3.33 per share; total value ≈ $936.
• Transaction code: F (payment of exercise price or tax liability — shares surrendered/withheld).
• Shares owned after transaction: not specified in the summary provided.
• No 10b5-1 plan or other special footnotes were reported in the details provided here.

Context This was a routine tax-withholding disposition tied to an equity award or option exercise (shares surrendered to cover taxes), not a directional purchase or sale in the open market. Such withholding transactions are common and generally reflect tax mechanics rather than the insider’s trading view.