Brainard David 4
4 · EverQuote, Inc. · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
EverQuote (EVER) CTO David Brainard Exercises Options, Sells Shares
What Happened
David Brainard, Chief Technology Officer of EverQuote, exercised 3,172 stock options (paying $7.09 per share, total $22,505) and sold 9,942 shares in open-market transactions for a weighted average price of $19.42, generating about $193,074. The filing shows both the option exercise and the share sale were executed the same day, May 5, 2026.
Key Details
- Transaction dates: May 5, 2026 (exercise and sale); Form 4 filed May 7, 2026 (timely).
- Option exercise: 3,172 shares acquired at $7.09 each; total cash paid $22,505.
- Sales: 9,942 shares disposed in open market; weighted average price $19.42; proceeds ~$193,074. Reported sale prices ranged from $19.15 to $19.90.
- Derivative bookkeeping: filing also shows a 3,172-share derivative disposition at $0.00 (reflects conversion/settlement related to the exercise).
- Footnotes: Transactions were effected pursuant to a Rule 10b5‑1 trading plan adopted Sept 12, 2025. The underlying option was granted July 24, 2023 and vested quarterly beginning Aug 20, 2023.
- Shares owned after transaction: not specified in the provided filing.
- Filing status: appears timely (filed two days after the transactions).
Context
These moves were executed under a pre-established 10b5‑1 plan, which means the transactions were planned in advance and are often routine rather than a direct signal of the insider’s current view. The combination of exercising options and selling shares on the same day is commonly used to cover option costs or diversify holdings; the filing does not provide additional explanation of the insider’s intent.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-05-05$7.09/sh+3,172$22,505→ 190,435 total - Sale
Class A Common Stock
[F1][F3]2026-05-05$19.42/sh−9,942$193,074→ 180,493 total - Exercise/Conversion
Stock Option (right to buy)
[F1][F2]2026-05-05−3,172→ 0 totalExercise: $7.09Exp: 2033-07-23→ Class A Common Stock (3,172 underlying)
Footnotes (3)
- [F1]The option exercises and sale were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 12, 2025.
- [F2]This option was granted on July 24, 2023. The vesting start date for the shares underlying the option is August 20, 2023 and vesting occurs quarterly over a two-year period from the vesting start date.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.15 to $19.90, inclusive. The reporting person undertakes to provide EverQuote, Inc., any security holder of EverQuote, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.