Brainard David 4

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.