Joseph Sanborn - Oct 1, 2024 Form 4 Insider Report for EverQuote, Inc. (EVER)

Signature
/s/ Jon Ayotte, as attorney-in-fact for Joseph Sanborn
Stock symbol
EVER
Transactions as of
Oct 1, 2024
Transactions value $
-$56,565
Form type
4
Date filed
10/3/2024, 05:00 PM
Previous 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 -$34.9K -1.69K -0.83% $20.62 201K Oct 1, 2024 Direct F1
transaction EVER Class A Common Stock Sale -$8.55K -423 -0.21% $20.22 201K Oct 2, 2024 Direct F2
transaction EVER Class A Common Stock Sale -$13.1K -648 -0.32% $20.22 200K Oct 2, 2024 Direct 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 October 1, 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 October 1, 2024.
F2 The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 4, 2022, and represent the sale of shares necessary to meet tax withholding obligations as a result of vesting in restricted stock units on October 1, 2024. In compliance with SEC guidance, the reporting person states that the Rule 10b5-1 trading plan is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). The sales do not represent discretionary trades by the reporting person.
F3 The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 17, 2023, and represent the sale of shares necessary to meet tax withholding obligations as a result of vesting in restricted stock units on October 1, 2024. The sales do not represent discretionary trades by the reporting person.