Brainard David 4
Research Summary
AI-generated summary
EverQuote CTO David Brainard: 1,209 Shares Withheld for Taxes
What Happened
- David Brainard, Chief Technology Officer of EverQuote, had 1,209 shares of Class A common stock withheld by the company to satisfy tax withholding tied to the vesting of restricted stock units. The shares were valued at $18.71 each, for a total withholding of approximately $22,620. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-05-20; Filing date: 2026-05-22 (filed within the typical two-business-day Form 4 window).
- Price used: $18.71 per share; Total value of shares withheld: ~$22,620.
- Shares owned after transaction: not specified in the information provided in this summary.
- Footnote: The company withheld the shares to satisfy tax obligations on the net issuance from RSU vesting; the number withheld (and net issuance) was based on the closing price of EVER on 2026-05-20 (Footnote F1).
- Transaction code: F = shares withheld for tax withholding (routine).
Context
- This was a routine tax-withholding action tied to RSU vesting (a "net issuance" / share-withholding), not a discretionary sale by the insider; such withholdings are common and do not by themselves signal insider sentiment.