EverQuote (EVER) CFO Sanborn offloads shares to cover RSU tax obligations
Rhea-AI Filing Summary
EverQuote, Inc. executive Joseph Sanborn, the CFO and Chief Administrative Officer, reported routine share transactions tied to restricted stock unit vesting. On April 2, 2026, he sold 650 shares of Class A Common Stock in an open-market trade at $14.42 per share, with proceeds used to meet tax withholding obligations. On April 1, 2026, the company withheld 8,603 shares at $14.74 per share to satisfy additional tax obligations from RSU vesting, resulting in a net share issuance to him. These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 17, 2023, and are described as non-discretionary. After the transactions, Sanborn directly held 357,660 shares and indirectly held 1,365 shares in each of two UTMA accounts for his children.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 650 | $14.42 | $9K |
| Tax Withholding | Class A Common Stock | 8,603 | $14.74 | $127K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- 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 April 1, 2026, 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 April 1, 2026. 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 April 1, 2026. The sales do not represent discretionary trades by the reporting person.