Company: EVCM
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001853145-25-000037
Chunk: 88

Company: EverCommerce Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 88
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 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 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 six months ended June 30, 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 Granted415 464 Vested or exercised(590)(631)Cancelled or forfeited(296)(950)Outstanding as of June 30, 20255,603 13,968 As of June 30, 2025, total unrecognized compensation expense was $48.3 million and $7.8 million related to outstanding RSUs and stock options, respectively.

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EverCommerce Inc.Notes to Unaudited Condensed Consolidated Financial Statements

Stock-based compensation expense from continuing operations was classified on the unaudited condensed consolidated statements of operations and comprehensive loss as follows:Three months ended June 30,Six months ended June 30,2025202420252024(in thousands)Cost of revenues$120 $102 $217 $197 Sales and marketing393 364 713 699 Product development653 543 1,113 1,045 General and administrative6,906 5,238 12,784 9,716 Total stock-based compensation expense$8,072 $6,247 $14,827 $11,657 

Note 14. Net Income (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 June