EverQuote (EVER) Form 4: CFO Withheld 3,173 Shares at $22.93
EverQuote, Inc. (EVER) reporting person Joseph Sanborn, the company's Chief Financial Officer, reported a non‑derivative transaction on 08/20/2025.
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Rhea-AI Filing Summary
EverQuote, Inc. (EVER) reporting person Joseph Sanborn, the company's Chief Financial Officer, reported a non‑derivative transaction on 08/20/2025. The filing discloses that 3,173 shares of Class A common stock were disposed (withheld) at a price of $22.93 per share to satisfy tax withholding related to the net issuance of shares from the vesting of restricted stock units. After the withholding, the reporting person beneficially owned 257,473 shares of Class A common stock. The Form 4 was signed via attorney‑in‑fact on 08/22/2025 and the withholding amount was based on the closing price on 08/20/2025.
Insights
TL;DR: A routine tax withholding from RSU vesting by the CFO, small relative to total outstanding shares and unlikely to affect market valuation.
The reported disposal of 3,173 shares reflects shares withheld to cover tax obligations arising from RSU vesting, executed at $22.93 per share on 08/20/2025. This transaction is a common administrative action following equity vesting and does not indicate open‑market selling intent. The residual beneficial ownership of 257,473 shares is a disclosure of ongoing insider holdings but the filing contains no information suggesting a change in executive control or material shift in ownership concentration.
TL;DR: Compliance filing documents standard withholding for tax on vested RSUs; procedural and governance implications are minimal.
The Form 4 documents a withholding event tied to the net issuance of vested restricted stock units rather than an active sale. Filing is correctly executed by an attorney‑in‑fact and includes an explanation that the number withheld was based on the closing price on the transaction date. This satisfies Section 16 reporting obligations and reflects routine equity compensation administration; no governance issues or unusual timing are disclosed in the form.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 3,173 | $22.93 | $73K |
Footnotes (1)
- F1. 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 August 20, 2025, 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 August 20, 2025.
FAQ
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What transaction did EverQuote CFO Joseph Sanborn report on Form 4?
When was the Form 4 signed and by whom?
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