Insider filing: Link Ventures sells 900k EVER shares to EverQuote for $23.33
Rhea-AI Filing Summary
EverQuote disclosed a Stock Repurchase Agreement under which Link Ventures LLLP sold 900,000 shares of Class A common stock to EverQuote at $23.33 per share, for an aggregate purchase price of $20,997,000. The agreement was entered on 08/10/2025 and the transaction closed shortly thereafter.
The Form 4 shows the reporting person, David B. Blundin, identifies indirect ownership through affiliated entities: 2,598,154 shares held indirectly by Link Ventures, 95,451 shares by Recognition Capital, LLC, and 379,115 shares by Cogo Fund 2020, LLC. The filing states Blundin is a managing member or controlling member of those entities and disclaims beneficial ownership except for any pecuniary interest. The report also notes the reporting person no longer has a reportable interest in 100 shares previously owned by his son.
Positive
- Repurchase executed: EverQuote repurchased 900,000 Class A shares at $23.33 per share for an aggregate of $20,997,000
- Post-transaction ownership disclosed: The filing reports detailed indirect holdings including 2,598,154 shares via Link Ventures
- Managerial disclosure: Reporting person explicitly states managerial/control roles and includes standard disclaimers on beneficial ownership
Negative
- Disposition of shares: Link Ventures disposed of 900,000 shares, reducing that entity's stake
- Ownership change noted: Reporting person no longer has a reportable interest in 100 shares previously owned by his son
Insights
TL;DR: EverQuote repurchased 900,000 Class A shares for $23.33 each, reducing an affiliated holder's stake and returning ~$21.0M to that holder.
The repurchase of 900,000 shares at $23.33 per share equals an aggregate payment of $20,997,000 to Link Ventures LLLP. For analysts, the key quantified items are the share count repurchased and the per-share price; the Form 4 also reports post-transaction indirect holdings of 2,598,154 shares via Link Ventures and additional indirect positions via two affiliated entities. The filing includes standard managerial disclaimers about beneficial ownership.
TL;DR: The filing discloses a material buyback from an affiliate and clarifies control relationships and disclaimers of beneficial ownership.
The Form 4 details related-party mechanics: Link Ventures sold 900,000 Class A shares back to EverQuote and the reporting person identifies his roles as managing member, sole manager, and controlling member of the named entities. The report contains explicit disclaimers that Blundin disclaims beneficial ownership of entity-held shares except for any pecuniary interest, and it documents the removal of 100 shares previously reported as owned by his son. These disclosures address ownership transparency and alignment between the individual and affiliated vehicles.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock | 900,000 | $23.33 | $21.00M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- On August 10, 2025, Link Ventures LLLP ("Link Ventures") entered into a Stock Repurchase Agreement with EverQuote, Inc. ("EverQuote") pursuant to which EverQuote agreed to repurchase 900,000 shares of its Class A Common Stock, for $23.33 per share for the aggregate purchase price of $20,997,000 from Link Ventures. The transaction closed on August 12, 2025. Link Ventures, LLLP directly owns the reported securities. The reporting person is the managing member of Link Management, LLC, which is the general partner of Link Ventures, LLLP. Except to the extent that the reporting person has a direct or indirect pecuniary interest in securities owned by the partnership, the reporting person disclaims beneficial ownership with respect to securities held in this manner. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other person. The Reporting Person no longer has a reportable beneficial interest in 100 shares of Class A Common Stock owned by his son and included in the Reporting Person's prior ownership reports. Recognition Capital, LLC directly owns the reported securities. The reporting person is the sole manager of Recognition Capital, LLC. Except to the extent that the reporting person has a direct or indirect pecuniary interest in securities owned by the limited liability company, the reporting person disclaims beneficial ownership with respect to securities held in this manner. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose. Cogo Fund directly owns the reported securities. The reporting person is the controlling member of Cogo Labs, LLC, which is the sole manager of Cogo Fund 2020, LLC. Except to the extent that the reporting person has a direct or indirect pecuniary interest in securities owned by the limited liability company, the reporting person disclaims beneficial ownership with respect to securities held in this manner. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.
