Cassidy Charles D 4

What Happened
Charles D. Cassidy, General Counsel and Secretary of Commerce.com (CMRC), had 1,269 shares disposed of on March 21, 2026 to satisfy a tax liability (transaction code F). The shares were valued at $2.67 each, for a total value of approximately $3,388. This was a withholding to cover taxes (an administrative disposition), not an open-market sale.

Key Details

• Transaction date: 2026-03-21; reported on SEC Form 4 filed 2026-03-24.
• Shares withheld/disposed: 1,269 at $2.67 per share; total $3,388.
• Transaction code: F (payment of exercise price or tax liability — typically share withholding to cover taxes).
• Shares owned after transaction: not specified in the information provided.
• No indication in the provided filing of a 10b5-1 plan or an open-market sale.

Context
Code F transactions are routine administrative actions where the company withholds some shares to satisfy tax obligations arising from an option exercise or vesting of awards. These withholdings are not generally read as a bearish signal the way open-market sales can be; they primarily reflect standard tax compliance.