This cluster is routine and negligible. Monitor the next earnings release (2.02) for any change in fundamentals; the insider sales do not suggest adverse information given their size and composition.
Price Chart
Executive Summary
A director (Remer) and the Chief Legal Officer (Storey) sold a combined ~$231K in open-market sales over a one-week window, with Remer's prior tax-withholding surrender of $2.25M. Total open-market sales of ~$231K represent roughly 0.01% of EVCM's $1.6B market cap — a trivial amount relative to company size. The cluster is concentrated in a single director and the CLO, with no CEO/CFO involvement, and the dollar value is far below materiality thresholds.
Key Financial Metrics
Key Facts
- Two insiders sold: Director Remer Eric Richard ($220K open-market) and Chief Legal Officer Storey Lisa E ($12K open-market)
- Total open-market sale value: ~$231K — approximately 0.01% of EVCM's $1.6B market cap
- Remer also had a non-cash tax-withholding surrender of 212,227 shares worth $2.25M (tax event, not discretionary sale)
- No CEO or CFO participated in any trades in the cluster
- Sales are small relative to market cap and follow a typical vesting/tax pattern
Financial Impact
Total open-market sales of $231K are immaterial for a $1.6B company
Risk Factors
- If the director or CLO accelerate selling in larger dollar amounts at lower prices, that would warrant concern
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-EVCM-1788303678865 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | Press Release | $9.53 | awaiting T+60 | — | $9.70 (+1.78%) |
Sep 21, 2026 5w ago | 8-K | $8.06 | awaiting T+60 | — | $9.70 (+20.35%) |
Sep 21, 2026 5w ago | Press Release | $8.25 | awaiting T+60 | — | $9.70 (+17.58%) |
Sep 14, 2026 6w ago | 3 | $7.88 | awaiting T+60 | — | $9.70 (+23.10%) |
Sep 11, 2026 6w ago | Press Release | $7.56 | awaiting T+60 | — | $9.70 (+28.31%) |
Sep 1, 2026 7w ago | Insider Cluster | $7.93 | awaiting T+60 | — | $9.70 (+22.32%) |
Aug 27, 2026 8w ago | Insider Cluster | $9.20 | awaiting T+60 | — | $9.70 (+5.43%) |
Aug 20, 2026 9w ago | Insider Cluster | $9.64 | awaiting T+60 | — | $9.70 (−0.62%) |
Aug 20, 2026 9w ago | Insider Cluster | $9.64 | awaiting T+60 | — | $9.70 (−0.62%) |
Aug 18, 2026 9w ago | Insider Cluster | $10.11 | awaiting T+60 | — | $9.70 (+4.06%) |
US Market Status
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