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EverCommerce Inc. NASDAQ:EVCM Chief Executive Officer Eric Richard Remer sold 24,500 shares of the company’s common stock on August 12 and 13, according to a Form 4 filing with the Securities and Exchange Commission. The $1.97 billion market cap company, which InvestingPro analysis shows is currently trading below its Fair Value, maintains a "GOOD" Financial Health Score despite not being profitable in the last twelve months. The sales, which totaled $258,529, were executed in multiple transactions at prices ranging from $10.41 to $10.83.
On August 12, Remer sold 22,139 shares at a weighted average price of $10.5363. The following day, August 13, he sold an additional 2,361 shares at a weighted average price of $10.7017.
Following these transactions, Remer continues to indirectly own 5,217,663 shares through Buckrail Partners, LLC, as well as directly owning 3,175,514 shares, 1,000,000 indirectly through EMJ Remer Family Trust, 35,000 indirectly through Remer Family Trust, and 28,999 indirectly through Family Trust 1.
The sales were made pursuant to a Rule 10b5-1 trading plan dated June 14, 2024.
In other recent news, EverCommerce Inc. reported second-quarter results that exceeded expectations, with revenue surpassing forecasts by $2 million and EBITDA coming in $4.5 million above projections. Piper Sandler responded by raising its price target for EverCommerce to $10, maintaining a Neutral rating. The company also completed a refinancing of its $529.4 million term loan facility, extending the maturity to July 6, 2031, and lowering the interest rate by 25 basis points. EverCommerce further amended its credit agreement, replacing the previous term loans with Term B-2 Loans, maintaining the same principal amount. In corporate governance developments, shareholders elected two Class I directors, Penny Baldwin-Leonard and Eric Remer, during the 2025 Annual Meeting. Additionally, Amy Guggenheim Shenkan was appointed to the Board of Directors as a Class II director and will serve on the Audit Committee. Shenkan will receive an annual retainer and an initial equity award of restricted stock units. These changes are part of EverCommerce’s ongoing efforts to strengthen its financial and leadership positions.
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