Lentz Daniel 4

What Happened
Daniel Lentz, Commerce.com’s CFO and COO, reported a Code F transaction on 2026-03-21 where 13,074 shares were disposed/withheld at $2.67 per share to satisfy an exercise price or tax liability, totaling $34,908. This action is a tax-withholding/settlement, not an open-market sale.

Key Details

• Transaction date: 2026-03-21; Filing date: 2026-03-24.
• Reported transaction: 13,074 shares withheld/disposed at $2.67 each; total value ≈ $34,908.
• Transaction code: F — payment of exercise price or tax liability (share withholding to cover taxes).
• Shares owned after the transaction: Not specified in the information provided.
• No late-filing flag was provided in the summary you supplied.

Context
Code F transactions typically reflect the company withholding shares to cover tax obligations arising from an equity award or option exercise (a net-share settlement). Because these shares were withheld for taxes rather than sold on the open market, this is generally an administrative/settlement action and not a direct signal of insider buying or selling sentiment.