Form 4: EverQuote Director David Blundin Sells Shares Under 10b5-1 Trading Plan

David Blundin, a director and 10% owner of EverQuote, Inc., sold shares of Class A Common Stock on February 28, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 28, 2025, David Blundin, a director and 10% owner of EverQuote, Inc., executed sales of Class A Common Stock.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on June 14, 2024.
• Blundin sold 5,455 shares directly at a weighted average price of $26.80, with prices ranging from $26.80 to $26.92.
• Blundin also sold 6,141 shares indirectly through Recognition Capital, LLC, at a weighted average price of $26.80, with prices ranging from $26.80 to $26.92.
• An additional 638 shares were sold indirectly through Link Ventures LLLP at a weighted average price of $26.80, with prices ranging from $26.80 to $26.92.
• Following these transactions, Blundin directly owns 178,351 shares, indirectly owns 200,799 shares through Recognition Capital, LLC, 3,509,089 shares through Link Ventures LLLP, 100 shares through his son, and 393,268 shares through Cogo Fund 2020, LLC.
• Blundin disclaims beneficial ownership of shares held by Recognition Capital, LLC, Link Ventures LLLP and Cogo Fund 2020, LLC except to the extent of any pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports the sale of shares under a pre-existing trading plan. It doesn't inherently indicate a positive or negative outlook for the company.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned through Rule 10b5-1 trading plans to avoid accusations of insider trading. The market typically analyzes these sales in the context of the company's performance and future prospects.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in investor confidence.
• However, the existence of a 10b5-1 trading plan mitigates this concern, as it indicates the sales were pre-planned.

Key Dates