EverQuote (NASDAQ: EVER) CAO reports RSU grant, tax withholding and sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EverQuote, Inc.’s Chief Accounting Officer Jon Ayotte reported multiple Class A Common Stock transactions. He received 4,393 restricted stock units for no cash consideration, tied to satisfaction of performance criteria, with vesting in equal quarterly installments over four years with a one year cliff.
To cover taxes on vested RSUs, 488 shares were withheld by the company at a price of $15.50 per share. Ayotte also executed an open-market sale of 1,730 shares at $15.56 per share under a pre-established Rule 10b5-1 trading plan, leaving him with 86,202 shares held directly afterward.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,730 shares ($26,919)
Net Sell
3 txns
Insider
Ayotte Jon
Role
Chief Accounting Officer
Sold
1,730 shs ($27K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,730 | $15.56 | $27K |
| Grant/Award | Class A Common Stock | 4,393 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 488 | $15.50 | $8K |
Holdings After Transaction:
Class A Common Stock — 86,202 shares (Direct)
Footnotes (1)
- Consists of shares of Class A Common Stock issuable under 4,393 restricted stock units ("RSUs"). Each RSU represents the right to receive one share of Class A Common Stock upon vesting. These RSUs are scheduled to vest in equal quarterly installments over four years with a one year cliff. The shares were received for no consideration upon the satisfaction of performance criteria underlying an award of performance share units. 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 February 24, 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 February 24, 2026. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 11, 2025.
FAQ
What insider transactions did EverQuote (EVER) Chief Accounting Officer Jon Ayotte report?
Jon Ayotte reported a grant of 4,393 restricted stock units, a tax-withholding disposition of 488 shares, and an open-market sale of 1,730 EverQuote Class A shares under a Rule 10b5-1 trading plan, leaving him with 86,202 shares directly held.
How many EverQuote (EVER) restricted stock units did Jon Ayotte receive and how do they vest?
Jon Ayotte received 4,393 restricted stock units, each convertible into one EverQuote Class A share upon vesting. These RSUs are scheduled to vest in equal quarterly installments over four years with a one year cliff, aligning compensation with longer-term company performance.
What is the significance of the performance criteria mentioned in Jon Ayotte’s EverQuote (EVER) equity award?
Some shares were received for no cash consideration upon satisfaction of performance criteria tied to performance share units. This means issuance depended on meeting specified company or individual performance goals, making the award contingent on pre-defined achievement rather than time-based vesting alone.