Company: EVCM
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001853145-25-000017
Chunk: 76

Company: EverCommerce Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 76
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. In addition, the number of shares reserved for issuance under the 2021 Plan is subject to an annual increase on the first day of each calendar year beginning on January 1, 2022 and ending on and including January 1, 2031, equal to the lesser of (i) 3% of the shares outstanding (on an as-converted basis) on the last day of the immediately preceding fiscal year and (ii) such smaller number of shares as determined by the Company’s Board, provided that no more than 22,000,000 shares may be issued upon the exercise of incentive stock options. Based on the Company’s outstanding shares of common stock as of December 31, 2024, as of January 1, 2025 the number of shares reserved for issuance under the 2021 

14

EverCommerce Inc.Notes to Unaudited Condensed Consolidated Financial Statements

Plan increased by 5.5 million.In connection with the IPO, the Company’s Board adopted the 2021 Employee Stock Purchase Plan (the “ESPP”). For more information on the ESPP, refer to Note 12. Stock-Based Compensation in the Annual Report on Form 10-K.The following table summarizes our RSU and stock option activity for the three months ended March 31, 2025:RSUsStock Options(in thousands)Outstanding as of January 1, 20253,901 14,488 Granted2,762 930 Vested or exercised(358)(167)Cancelled or forfeited(231)(166)Outstanding as of March 31, 20256,074 15,085 As of March 31, 2025, total unrecognized compensation expense was $51.4 million and $9.0 million related to outstanding RSUs and stock options, respectively.Stock-based compensation expense from continuing operations was classified in the unaudited condensed consolidated statements of operations and comprehensive loss as follows:Three months ended March 31,20252024(in thousands)Cost of revenues$97 $95 Sales and marketing320 335 Product development460 502 General and administrative5,878 4,478 Total stock-based compensation expense$6,755 $5,410 

Note 14. Net Loss Per Share Attributable to Common StockholdersThe following table presents the calculation of basic and diluted net loss per share for the Company’s common stock as of:Three months ended March 31,20252024(in thousands except