Ban Hubert S 4

What Happened
Hubert S. Ban, Chief Accounting Officer of Commerce.com (CMRC), had 599 shares surrendered/withheld to satisfy a tax obligation related to equity on March 21, 2026. The shares were reported disposed at $2.67 per share, for a total value of $1,599. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-21; Form 4 filed: 2026-03-24.
• Transaction code: F — Payment of exercise price or tax liability (shares withheld).
• Shares withheld/disposed: 599 shares at $2.67 each; total $1,599.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Filing timeliness: Report filed Mar 24 for a Mar 21 transaction; appears timely (within the usual two business-day Form 4 window).
• No 10b5-1 plan, late-filing flag, or other footnotes were provided in the excerpt.

Context
Code F transactions are typically routine tax-withholding events when restricted stock vests or options are exercised; they reflect shares surrendered to cover tax obligations rather than a sale to generate cash. Such dispositions are generally neutral for signaling insider sentiment compared with open-market purchases or sales.