[Form 4] EverQuote, Inc. Insider Trading Activity
Rhea-AI Filing Summary
David Brainard, Chief Technology Officer at EverQuote, Inc. (EVER), reported a routine withholding of 1,209 shares of Class A common stock to satisfy tax obligations related to the net issuance of restricted stock units that vested on 08/20/2025. The shares were withheld at a price of $22.93 per share, and the reporting person beneficially owns 127,511 shares of Class A common stock following the transaction. The filing indicates the withholding was calculated based on the closing market price on the transaction date and was executed by an attorney-in-fact on behalf of the reporting person.
Positive
- None.
Negative
- None.
Insights
Routine insider tax-withholding from RSU vesting; minimal market impact.
The Form 4 discloses an internal withholding of 1,209 Class A shares to satisfy tax-withholding obligations tied to vested restricted stock units delivered to the CTO. The transaction is recorded as a disposition by withholding rather than an open-market sale, so it does not represent active monetization by the insider. The size of the withholding relative to the reported post-transaction holdings (127,511 shares) is small, indicating limited dilution or selling pressure from this action. This is a standard administrative step following equity compensation vesting and carries no disclosed derivative activity or change in beneficial ownership structure beyond the net issuance.
Disclosure reflects standard compliance with Section 16 reporting and tax withholding on vested RSUs.
The filing correctly reports the withholding of shares to cover tax obligations from RSU vesting and identifies the reporting person as an officer (CTO). The use of an attorney-in-fact to sign the form is documented. There is no indication of a Rule 10b5-1 plan or contractual sale in this filing. From a governance perspective, the transaction follows expected procedures for equity compensation settlements and provides transparency on post-transaction holdings.