Sanborn Joseph 4
4 · EverQuote, Inc. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
EverQuote (EVER) CFO Joseph Sanborn Receives RSU Award
What Happened
Joseph Sanborn, Chief Financial Officer and Chief Administrative Officer of EverQuote, was credited with a grant/award of 47,690 shares (reported as acquisition A) on February 24, 2026. Those shares were reported at $0.00 because they were issued as restricted/performance-based stock units rather than bought. To satisfy tax withholding related to the net issuance from RSU vesting, 5,765 shares were disposed of (reported as F) at $15.50 per share, for a withholding value of $89,358.
Key Details
- Transaction date: February 24, 2026; Form 4 filed February 26, 2026 (appears timely).
- Award: 47,690 shares reported as granted/issued at $0.00 (RSUs/performance shares).
- Tax withholding: 5,765 shares withheld/disposed at $15.50 each = $89,358.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes:
- F1: 47,690 consist of RSUs scheduled to vest in equal quarterly installments over 4 years with a one‑year cliff.
- F2: Some shares were received for no consideration upon satisfaction of performance criteria (performance share units).
- F3: The 5,765 shares were withheld by the company to cover tax withholding, calculated using the closing price on February 24, 2026.
- Transaction codes: A = Award/Grant, F = Tax withholding.
Context
This is primarily an equity award/vesting event (not an open‑market purchase or a voluntary sale). RSU and performance‑share vesting is a common form of executive compensation; the withholding of shares to cover taxes is routine and should not be read as a directional market trade. The filing shows issuance of shares earned under time- and performance-based grants rather than a cash purchase.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-02-24+47,690→ 372,678 total - Tax Payment
Class A Common Stock
[F3]2026-02-24$15.50/sh−5,765$89,358→ 366,913 total
- 1,365(indirect: By Children)
Class A Common Stock
- 1,365(indirect: By Children)
Class A Common Stock
Footnotes (3)
- [F1]Consists of shares of Class A Common Stock issuable under 47,690 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.
- [F2]The shares were received for no consideration upon the satisfaction of performance criteria underlying an award of performance share units.
- [F3]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.