Form 4: Link Ventures Sells EverQuote Shares in Multiple Transactions

Link Ventures, a significant shareholder of EverQuote, has sold a portion of its Class A Common Stock in a series of transactions executed on May 6th and 7th, 2024, under a pre-arranged trading plan.

Summary

• Link Ventures, LLLP, a 10% owner and related to a director of EverQuote, Inc., has reported the sale of Class A Common Stock.
• The sales occurred on May 6th and 7th, 2024.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on September 5, 2023.
• On May 6, 2024, 1,390 shares were sold at an average price of $21.73.
• On May 7, 2024, multiple sales occurred at varying weighted average prices: 804 shares at $22, 2,670 shares at $23.42, 8,349 shares at $24.16, and 10,438 shares at $25.28.
• Following these transactions, Link Ventures' direct holdings decreased from 1,547,156 to 1,524,895 shares.
• Link Management, LLC, as the general partner of Link Ventures, LLLP, is also a reporting person.

Sentiment

Score: 5

Explanation: The document itself is neutral, simply reporting transactions. The sales themselves could be interpreted as slightly negative, but the existence of a 10b5-1 plan mitigates this concern.

Risks

• Continued sales by Link Ventures could exert downward pressure on EverQuote's stock price.

Industry Context

Sales by major shareholders are common and often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 plan suggests these sales were scheduled well in advance.

Stakeholder Impact

• The share sales could have a minor negative impact on shareholder sentiment in the short term.
• The impact on other stakeholders is likely to be minimal.

Key Dates