Commerce.com (CMRC) CFO Daniel Lentz Sells 1,724 Shares for Tax Withholding

What Happened
Daniel Lentz, Commerce.com's CFO and COO, disposed of 1,724 shares on August 21, 2026 to satisfy a tax withholding obligation tied to equity compensation. The shares were reported at $2.22 each for total proceeds of about $3,827. The transaction is coded "F" on the Form 4, indicating shares were withheld/disposed for tax withholding rather than an open-market sale.

Key Details

• Transaction date: 2026-08-21; Filing date: 2026-08-25 (filed four days after the transaction). Form 4s are generally due within two business days, so this filing appears delayed.
• Price and amount: 1,724 shares at $2.22 per share; total ≈ $3,827.
• Transaction code: F (payment of exercise price or tax liability / shares withheld).
• Shares owned after the transaction: Not stated in the provided filing summary.
• Notable footnotes: None provided beyond the F-code; no 10b5-1 plan or other sale program was indicated in the provided data.

Context
Tax-withholding disposals are common when options vest or restricted shares are delivered; they are typically administrative and do not necessarily signal insider confidence or a planned sale. The dollar amount here is modest, so this is likely routine withholding rather than a material divestiture.