Shane Driggers - 16 Nov 2022 Form 4 Insider Report for EverCommerce Inc. (EVCM)

Signature
/s/ Lisa Storey, Attorney-in-fact
Issuer symbol
EVCM
Transactions as of
16 Nov 2022
Net transactions value
-$25,044
Form type
4
Filing time
06 Jun 2023, 21:32:04 UTC
Previous filing
26 May 2022
Next filing
07 Mar 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVCM Common Stock Award $0 +30,508 +41% $0.000000 105,553 16 Nov 2022 Direct F1
transaction EVCM Common Stock Sale $25,044 -2,126 -0.96% $11.78 219,052 03 Jun 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
F2 Shares were sold to cover taxes upon the vesting of RSUs pursuant to a mandatory Rule 10b5-1 trading instruction in the award agreement adopted by the Reporting Person on July 21, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F3 The amount reported in the final row of Column 5 of Table I reflects the number of shares of common stock held by the Reporting Person as of the date of this Form 4 filing.