Sanborn Joseph 4
Research Summary
AI-generated summary
EverQuote CFO Joseph Sanborn Sells 3,174 Shares for Tax Withholding
What Happened
Joseph Sanborn, EverQuote's (EVER) Chief Financial Officer and Chief Administrative Officer, had 3,174 shares of Class A common stock withheld by the company on May 20, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The withheld shares were recorded as a disposition at $18.71 per share, totaling approximately $59,386.
Key Details
- Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (timely reporting).
- Transaction code: F — shares withheld to satisfy tax withholding on net issuance from RSU vesting.
- Shares withheld/disposed: 3,174 @ $18.71 = $59,386 (approx).
- Footnote: Company withheld shares based on the closing price on May 20, 2026 to cover tax obligations related to the net issuance of RSUs.
- Shares owned after transaction: Not reported in this Form 4.
Context
This was an administrative tax-withholding event tied to RSU vesting (a common practice), not an open-market sale that signals a deliberate cashing-out decision. For retail investors, such withholdings are routine and do not necessarily indicate the insider's view of the company.