Lentz Daniel 4

What Happened Daniel Lentz, Commerce.com’s Chief Financial Officer and Chief Operating Officer, disposed of 3,339 shares on June 30, 2026. The shares were surrendered/withheld at $2.96 per share for a total value of about $9,883 to cover tax obligations (transaction code F). This was a tax-withholding disposition tied to an equity event—not an open-market sale.

Key Details

• Transaction date: 2026-06-30
• Price per share: $2.96; Shares surrendered: 3,339; Approximate value: $9,883
• Transaction code: F (payment of exercise price or tax liability via delivery/withholding of securities)
• Shares owned after the transaction: not specified in the provided filing excerpt
• Filing date: Form 4 filed 2026-07-02 (appears timely based on the reported transaction date)
• No 10b5-1 plan or other special plan referenced in the provided details

Context Code F transactions commonly reflect shares withheld to satisfy tax withholding after an option exercise or restricted stock vesting (a "cashless" withholding), and are routine administrative actions. Because this was withholding to meet taxes and a small-dollar disposition (~$10k), it generally carries limited signal about the insider’s market view. For full details, consult the issuer’s complete Form 4 on the SEC EDGAR site (Accession: 0001981372-26-000012).