Jon Ayotte - Nov 21, 2023 Form 4 Insider Report for EverQuote, Inc. (EVER)

Signature
/s/ Jon Ayotte
Stock symbol
EVER
Transactions as of
Nov 21, 2023
Transactions value $
-$10,188
Form type
4
Date filed
11/22/2023, 04:05 PM
Previous filing
Nov 21, 2023
Next filing
Nov 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVER Class A Common Stock Sale -$2.64K -318 -0.49% $8.31 64.6K Nov 21, 2023 Direct F1, F2
transaction EVER Class A Common Stock Sale -$7.55K -908 -1.41% $8.31 63.7K Nov 21, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 4, 2022, and represents the sale of shares necessary to meet tax withholding obligations as a result of vesting in restricted stock units on November 20, 2023. In compliance with SEC guidance, the reporting person has not checked the box above but states that the Rule 10b5-1 trading plan is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). The sale does not represent a discretionary trade by the reporting person.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.31 to $8.49, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range.
F3 The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2023, and represents the sale of shares necessary to meet tax withholding obligations as a result of vesting in restricted stock units on November 20, 2023. The sale does not represent a discretionary trade by the reporting person.