Company: EVCM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001853145-25-000047
Chunk: 93

Company: EverCommerce Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 93
---
 number of shares initially reserved for issuance under the 2021 Plan was 22,000,000 shares, inclusive of available shares previously reserved for issuance under the 2016 Plan. 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 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.

17

EverCommerce Inc.Notes to Unaudited Condensed Consolidated Financial Statements

The following table summarizes our RSU and stock option activity for the nine months ended September 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 Granted147 114 Vested or exercised(577)(75)Cancelled or forfeited(294)(401)Outstanding as of September 30, 20254,879 13,606 As of September 30, 2025, total unrecognized compensation expense was $42.3 million and $7.1 million related to outstanding RSUs and stock options, respectively.Stock-based compensation expense from continuing operations was classified on the unaudited condensed consolidated statements of operations and