Brainard David 4
Research Summary
AI-generated summary
EverQuote (EVER) CTO David Brainard Receives Award — 80,214 RSUs
What Happened
David Brainard, Chief Technology Officer of EverQuote, Inc. (EVER), was granted 80,214 restricted stock units (RSUs) on February 12, 2026. The Form 4 reports the acquisition price as $0.00 (a standard compensation grant); the units represent the right to receive one share of Class A common stock per RSU upon vesting. This was an award/compensation grant rather than a market purchase or sale.
Key Details
- Transaction date: 2026-02-12; Report filed: 2026-02-17 (filed late relative to the 2-business-day Form 4 deadline).
- Transaction type/code: A — Award/Grant; Price reported: $0.00.
- Shares/units granted: 80,214 RSUs (each converts to one share when vested).
- Shares owned after transaction: Not specified on the Form 4.
- Footnote: RSUs vest in equal quarterly installments over four years (80,214 total RSUs).
- No sale, purchase, option exercise, tax withholding, or 10b5-1 plan disclosed in this filing.
Context
RSUs are compensation that convert to actual shares only as they vest; they are not immediately tradable. The economic value of these units depends on EverQuote’s stock price at vesting. Because this is a routine equity award to an executive, it should be viewed as compensation rather than a direct buy/sell signal. The filing was submitted several days after the transaction date, which is a timeliness issue noted on the Form 4.