Sanborn Joseph 4

What Happened
Joseph Sanborn, Chief Financial Officer and Chief Administrative Officer of EverQuote, sold 20,000 shares on May 7, 2026. The reported weighted-average sale price was $20.70, producing proceeds of approximately $414,000. The transaction is reported as a sale (code S) and was executed under a pre-established 10b5-1 trading plan.

Key Details

• Transaction date: 2026-05-07; Form 4 filed: 2026-05-08 (timely filing).
• Price: weighted average $20.70; reported price range $20.29 to $21.16 (multiple trades).
• Proceeds: about $414,000.
• Shares owned after the transaction: not disclosed in this Form 4.
• Footnotes: (F1) Sale effected pursuant to a Rule 10b5-1 plan adopted Dec 4, 2025. (F2) Weighted-average price; reporting person can provide breakdown of trades/prices on request.
• Transaction type: reported as open-market or private sale (S).

Context
Sales executed under a 10b5-1 plan are prearranged and typically follow a preset schedule, which can limit their usefulness as an indicator of the insider’s current view on the company. Insider purchases generally carry more bullish signal value than routine sales, which are often for liquidity or diversification.