Form 4: EverQuote CFO Joseph Sanborn Reports Routine Stock Dispositions for Tax Obligations
Insider Transaction Report
EverQuote, Inc.'s Chief Financial Officer, Joseph Sanborn, reported the disposition of 5,557 shares of Class A Common Stock on July 1 and 2, 2025, primarily to cover tax withholding obligations related to restricted stock unit vesting.
Summary
- Joseph Sanborn, Chief Financial Officer of EverQuote, Inc., reported transactions involving the company's Class A Common Stock.
- On July 1, 2025, 4,494 shares of Class A Common Stock were withheld by EverQuote at a price of $24.42 per share. This action was taken to satisfy tax withholding obligations in connection with the net issuance of shares resulting from the vesting of restricted stock units.
- On July 2, 2025, 419 shares of Class A Common Stock were sold at $24.13 per share. This sale was executed pursuant to a Rule 10b5-1 trading plan adopted on August 4, 2022, specifically to meet tax withholding obligations arising from the vesting of restricted stock units on July 1, 2025.
- Also on July 2, 2025, an additional 644 shares of Class A Common Stock were sold at $24.13 per share. This transaction was also conducted under a Rule 10b5-1 trading plan, adopted on March 17, 2023, for the purpose of covering tax withholding obligations related to the same restricted stock unit vesting event.
- These sales were non-discretionary trades by Joseph Sanborn, as they were pre-arranged under Rule 10b5-1 trading plans.
- Following these reported transactions, Joseph Sanborn beneficially owns 261,390 shares of EverQuote Class A Common Stock.
Sentiment
Score: 5
Explanation: The document reports routine, non-discretionary stock transactions by an executive to cover tax obligations from RSU vesting, which is a neutral event with no inherent positive or negative implications for the company's operations or outlook.
Industry Context
This filing details a routine insider transaction by a company executive, which is specific to individual compensation and tax planning, and does not directly reflect broader industry trends or competitive dynamics within the online insurance marketplace sector.
Stakeholder Impact
- Shareholders: These are routine, pre-planned transactions for tax purposes related to executive compensation and are unlikely to have a significant direct impact on shareholders beyond the minor change in the executive's beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 2022-08-04 | Date Rule 10b5-1 trading plan was adopted for the sale of 419 shares. |
| 2023-03-17 | Date Rule 10b5-1 trading plan was adopted for the sale of 644 shares. |
| 2025-07-01 | Date of earliest transaction; 4,494 shares withheld for tax obligations from RSU vesting. |
| 2025-07-02 | Date of sale of 419 and 644 shares to meet tax withholding obligations. |
| 2025-07-03 | Date the Form 4 was signed by the attorney-in-fact for Joseph Sanborn. |
Keywords
EverQuote, EVER, Joseph Sanborn, CFO, Form 4, SEC filing, insider trading, stock disposition, restricted stock units, RSU vesting, tax withholding, Rule 10b5-1 plan
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