Ban Hubert S 4

What Happened

• Hubert S. Ban, Chief Accounting Officer of Commerce.com (CMRC), had 388 shares disposed on May 21, 2026 to satisfy a tax or exercise-related obligation. The shares were recorded at $2.96 each for a total value of $1,148. This was a withholding to cover tax liabilities (code F), not an open-market sale indicating directional trading interest.

Key Details

• Transaction date: 2026-05-21
• Price per share: $2.96; shares withheld/disposed: 388; total value: $1,148
• Filing date: 2026-05-26 — appears timely (within the two-business-day Form 4 window, accounting for the May 25 holiday)
• Nature of transaction: Tax-withholding/payment of exercise price or tax liability (SEC code F); likely tied to an option exercise or restricted stock vesting
• Shares owned after transaction: Not specified in the excerpt provided — check the full Form 4 for post-transaction holdings

Context

• This is a routine tax-withholding event (often a net settlement after exercise or vesting) rather than an open-market sale. The small value ($1.1K) suggests it’s administrative in nature and not a strong signal about the insider’s view of the stock. For full details and current insider holdings, review the complete Form 4 filing.