Joseph Sanborn - Aug 20, 2024 Form 4 Insider Report for EverQuote, Inc. (EVER)

Role
Chief Financial Officer
Signature
/s/ Jon Ayotte, as attorney-in-fact for Joseph Sanborn
Stock symbol
EVER
Transactions as of
Aug 20, 2024
Transactions value $
-$174,118
Form type
4
Date filed
8/22/2024, 05:00 PM
Previous filing
Aug 16, 2024
Next filing
Aug 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVER Class A Common Stock Tax liability -$70.7K -3.17K -1.47% $22.29 212K Aug 20, 2024 Direct F1
transaction EVER Class A Common Stock Sale -$103K -4.8K -2.26% $21.54 208K Aug 21, 2024 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 Represents shares of Class A Common Stock withheld by the Company to satisfy tax withholding obligations in connection with the net issuance of shares of Class A Common Stock delivered to the Reporting Person on August 20, 2024, from the vesting of restricted stock units. The number of shares withheld by the Company to satisfy tax withholding obligations (and the net issuance) is based on the closing price of the Company's Class A Common Stock on August 20, 2024.
F2 The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2023.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.09 to $21.94, inclusive. The reporting person undertakes to provide EverQuote, Inc., any security holder of EverQuote, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.