[Form 4] EverQuote, Inc. Insider Trading Activity
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.