EverCommerce Chief Legal Officer Sells 17,012 Shares
Key Points
The transaction involved the selling of 17,012 shares.
Following the trade, the executive maintains direct ownership of nearly 223,000 shares of common stock.
The disposition appears to be a routine liquidity event that leaves the officer with a significant remaining stake in the firm.
Chief Legal Officer Lisa E. Storey reported a sale of 17,012 shares of EverCommerce(NASDAQ:EVCM) in an Aug. 17, 2026, SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | $170,290 |
| Shares sold (directly held) | 17,012 |
| Post-transaction shares (directly held) | 222,586 |
| Post-transaction value | $2.2 million |
Transaction value based on SEC Form 4 weighted average sale price ($10.01); post-transaction value based on Aug. 14, 2026, market close ($10.19).
Key questions
- How does the execution price compare to recent market activity?
Storey disposed of the shares at a weighted-average price of $10.01, while the stock closed the Aug. 14, 2026, trading session at $10.19. - What is the scale of the insider's remaining equity position?
The Chief Legal Officer continues to hold a direct stake valued at $2.2 million as of the Aug. 14, 2026, market close, which represents approximately 0.13% of the company's outstanding equity. - What is the financial profile of the company at the time of this filing?
EverCommerce, which provides software-as-a-service solutions for small and medium-sized businesses, reported trailing twelve-month revenue of $598.1 million and net income of $28.4 million as of the latest reporting period. - How has the stock performed?
Shares of the Denver-based technology company have dipped nearly 16% over the past 12 months.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-08-14) | $10.19 |
| Market Capitalization | $1.7 billion |
| Revenue (TTM) | $598.1 million |
| Net Income (TTM) | $28.4 million |
Company Snapshot
- EverCommerce delivers a comprehensive software-as-a-service (SaaS) platform that includes digital tools for business operations, such as scheduling, payment processing, customer management, and marketing automation, designed for service-oriented enterprises.
- The company operates a subscription-based SaaS business model, generating recurring revenue from small and medium-sized businesses (SMBs) through tiered pricing structures and value-added service offerings across domestic and international markets.
- EverCommerce primarily serves service-oriented SMBs across verticals such as home services, healthcare, fitness, and professional services, targeting businesses seeking integrated solutions for operations and customer engagement.
EverCommerce operates as a scaled SaaS platform provider with $598.1 million in TTM revenue, positioning itself as a comprehensive operational software suite for service-oriented SMBs. The company's strategy emphasizes vertical integration of complementary software solutions, enabling cross-selling opportunities and enhanced customer lifetime value. The platform's competitive advantage stems from its integrated ecosystem approach, which reduces customer switching costs and addresses multiple operational pain points within a single vendor relationship.
What this transaction means for investors
EverCommerce just reported its 2026 second-quarter earnings on Aug. 5, showing modest increases in sales, subscriptions, and transaction-free revenue. Revenue for the quarter came in at $152 million, a 2.7% increase from the prior-year period. Subscription and transaction fee revenue increased 3.2% to $147.4 million. Net income did jump from $5.8 million in the second quarter of 2025 to $9.7 million in the second quarter of 2026. "While our outlook for the balance of 2026 has moderated and we now expect results toward the lower end of our guidance ranges, I remain confident in the strength of our platform, our customer relationships and our long-term strategy," Eric Remer said in the company's earnings results. Remer recently decided to step down as CEO.
Over the last 12 months, EverCommerce's stock price has dropped 15.8%, compared with the S&P 500's 18.9% return. While the company's next chapter under new leadership is a bit in flux at the moment, the sale by Storey doesn't appear to be anything more than routine. The transaction was made several days after the company's latest earnings report, and Storey still directly holds 222,586 shares. The company, however, is a bit of a mixed bag when it comes to analyst ratings. Of the eight stock-tracking analysts covered by CNN, 38% rate EverCommerce as a buy, 38% as a hold, and 25% as a sell.
Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.