Form 4 for CMRC Commerce.com, Inc.
Accepted 2021-12-02 00:00:00 ET · period of report 2021-11-30 · accession 0001562180-21-007393 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2021-12-02 | 2021-11-30 | CMRC | Bellm Brent | Pres Chief Exec Off, Dir | P - Purchase | — | +842.0K | 659.9K | New | — |
| MI | 2021-12-02 | 2021-11-30 | CMRC | Bellm Brent | Pres Chief Exec Off, Dir | S - Sale | — | -842.0K | 0 | -100% | — |
| MI | 2021-12-02 | 2021-08-12 | CMRC | Bellm Brent | Pres Chief Exec Off, Dir | G - Gift | $0.00 | -477.8K | 419.7K | -53% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Series 1 Common Stock | 2021-11-30 | P | A | 422,319 | — | 659,907 | I By Hilary Bellm 2021 Family Trust through its partnership interest in Elkmont Ltd. | — | — | (F4) In connection with the reporting person's estate plan and following the aforementioned transactions, the reporting person and the reporting person's spouse sold 31.9984% and 31.7984%, respectively, limited partnership interests in Elkmont to the IDGTs in a private transaction. The Elkmont limited partnership interests were sold to the IDGTs in exchange for the issuance of promissory notes in favor of the reporting person and the reporting person's spouse, in an aggregate amount equal to the fair market value of the partnership interests on November 30, 2021, as determined by an independent appraiser within 90 days of the transaction. (F2) In connection with the reporting person's estate plan, the reporting person and the reporting person's spouse gifted 18.0% and 18.2%, respectively, of the limited partnership interests in Elkmont to intentionally defective grantor trusts ("IDGT"), the sole beneficiaries of which are the reporting person or the reporting person's spouse and the reporting person's children. The reporting person is the sole trustee of the IDGTs. |
| 2 | Common | Series 1 Common Stock | 2021-11-30 | S | D | 419,680 | — | 0 | I By Hilary Bellm through her partnership interests in Elkmont Ltd. | — | — | (F4) In connection with the reporting person's estate plan and following the aforementioned transactions, the reporting person and the reporting person's spouse sold 31.9984% and 31.7984%, respectively, limited partnership interests in Elkmont to the IDGTs in a private transaction. The Elkmont limited partnership interests were sold to the IDGTs in exchange for the issuance of promissory notes in favor of the reporting person and the reporting person's spouse, in an aggregate amount equal to the fair market value of the partnership interests on November 30, 2021, as determined by an independent appraiser within 90 days of the transaction. (F2) In connection with the reporting person's estate plan, the reporting person and the reporting person's spouse gifted 18.0% and 18.2%, respectively, of the limited partnership interests in Elkmont to intentionally defective grantor trusts ("IDGT"), the sole beneficiaries of which are the reporting person or the reporting person's spouse and the reporting person's children. The reporting person is the sole trustee of the IDGTs. |
| 3 | Common | Series 1 Common Stock | 2021-11-30 | S | D | 422,319 | — | 0 | I By Brent Bellm through his partnership interests in Elkmont Ltd. | — | — | (F4) In connection with the reporting person's estate plan and following the aforementioned transactions, the reporting person and the reporting person's spouse sold 31.9984% and 31.7984%, respectively, limited partnership interests in Elkmont to the IDGTs in a private transaction. The Elkmont limited partnership interests were sold to the IDGTs in exchange for the issuance of promissory notes in favor of the reporting person and the reporting person's spouse, in an aggregate amount equal to the fair market value of the partnership interests on November 30, 2021, as determined by an independent appraiser within 90 days of the transaction. (F2) In connection with the reporting person's estate plan, the reporting person and the reporting person's spouse gifted 18.0% and 18.2%, respectively, of the limited partnership interests in Elkmont to intentionally defective grantor trusts ("IDGT"), the sole beneficiaries of which are the reporting person or the reporting person's spouse and the reporting person's children. The reporting person is the sole trustee of the IDGTs. |
| 4 | Common | Series 1 Common Stock | 2021-11-30 | P | A | 419,680 | — | 659,907 | I By Brent Bellm Spousal Trust through its partnership interest in Elkmont Ltd. | — | — | (F4) In connection with the reporting person's estate plan and following the aforementioned transactions, the reporting person and the reporting person's spouse sold 31.9984% and 31.7984%, respectively, limited partnership interests in Elkmont to the IDGTs in a private transaction. The Elkmont limited partnership interests were sold to the IDGTs in exchange for the issuance of promissory notes in favor of the reporting person and the reporting person's spouse, in an aggregate amount equal to the fair market value of the partnership interests on November 30, 2021, as determined by an independent appraiser within 90 days of the transaction. (F2) In connection with the reporting person's estate plan, the reporting person and the reporting person's spouse gifted 18.0% and 18.2%, respectively, of the limited partnership interests in Elkmont to intentionally defective grantor trusts ("IDGT"), the sole beneficiaries of which are the reporting person or the reporting person's spouse and the reporting person's children. The reporting person is the sole trustee of the IDGTs. |
| 5 | Common | Series 1 Common Stock | 2021-08-12 | G | D | 237,588 | $0.00 | 422,319 | I By Brent Bellm through his partnership interests in Elkmont Ltd. | — | — | (F1) In connection with the reporting person's estate plan, the reporting person and the reporting person's spouse each transferred 659,907 shares to Elkmont Ltd. ("Elkmont"), a limited partnership of which the reporting person and the reporting person's spouse are the sole limited partners. The reporting person is the sole manager of Elkmont Investment Management, LLC, a limited liability company that is the sole general partner of Elkmont and wholly owned by the reporting person and the reporting person's spouse. (F2) In connection with the reporting person's estate plan, the reporting person and the reporting person's spouse gifted 18.0% and 18.2%, respectively, of the limited partnership interests in Elkmont to intentionally defective grantor trusts ("IDGT"), the sole beneficiaries of which are the reporting person or the reporting person's spouse and the reporting person's children. The reporting person is the sole trustee of the IDGTs. |
| 6 | Common | Series 1 Common Stock | 2021-08-12 | G | D | 240,227 | $0.00 | 419,680 | I By Hilary Bellm through her partnership interests in Elkmont Ltd. | — | — | (F1) In connection with the reporting person's estate plan, the reporting person and the reporting person's spouse each transferred 659,907 shares to Elkmont Ltd. ("Elkmont"), a limited partnership of which the reporting person and the reporting person's spouse are the sole limited partners. The reporting person is the sole manager of Elkmont Investment Management, LLC, a limited liability company that is the sole general partner of Elkmont and wholly owned by the reporting person and the reporting person's spouse. (F2) In connection with the reporting person's estate plan, the reporting person and the reporting person's spouse gifted 18.0% and 18.2%, respectively, of the limited partnership interests in Elkmont to intentionally defective grantor trusts ("IDGT"), the sole beneficiaries of which are the reporting person or the reporting person's spouse and the reporting person's children. The reporting person is the sole trustee of the IDGTs. |