EverQuote (EVER) CFO has shares withheld to cover RSU tax bill
Rhea-AI Filing Summary
EverQuote, Inc. insider filing shows an administrative share withholding by a senior executive. CFO and Chief Admin Officer Joseph Sanborn had 3,189 shares of Class A Common Stock withheld on February 20, 2026 to satisfy tax obligations related to vesting restricted stock units, at a reference price of $15.49 per share.
These shares were withheld by the company as a tax-withholding disposition rather than an open-market sale. After this transaction, Sanborn directly held 324,988 shares. He also had indirect holdings of 1,365 shares in each of two UTMA accounts for his children.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,189 shares
Net Sell
3 txns
Insider
Sanborn Joseph
Role
CFO and Chief Admin Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 3,189 | $15.49 | $49K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 324,988 shares (Direct);
Class A Common Stock — 1,365 shares (Indirect, As custodian for UTMA account for first child);
Class A Common Stock — 1,365 shares (Indirect, As custodian for UTMA account for second child)
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 February 20, 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 20, 2026.
FAQ
What did EverQuote (EVER) CFO Joseph Sanborn report in this Form 4?
EverQuote CFO Joseph Sanborn reported shares withheld for taxes, not an open-market sale. On February 20, 2026, 3,189 Class A shares were withheld to cover tax obligations from vesting restricted stock units, based on that day’s closing share price.
Was the EverQuote (EVER) Form 4 transaction an open-market sale by the CFO?
The transaction was not an open-market sale by the CFO. It was coded as a tax-withholding disposition, where EverQuote retained 3,189 shares to cover tax obligations arising from restricted stock unit vesting on February 20, 2026.
What do the indirect EverQuote (EVER) holdings in UTMA accounts represent?
The filing shows indirect ownership of 1,365 EverQuote Class A shares in each of two UTMA accounts. Joseph Sanborn is listed as custodian for these accounts, one for his first child and one for his second child, reflecting custodial, not direct, ownership.
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