Sanborn Joseph 4
Research Summary
AI-generated summary
EverQuote CFO Joseph Sanborn Sells 8,603 Shares (Tax Withholding)
What Happened
Joseph Sanborn, EverQuote’s Chief Financial Officer and Chief Administrative Officer, had 8,603 shares of Class A common stock withheld by the company on July 1, 2026 to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). The withholding was executed at a per-share value of $24.73, a total of roughly $212,752. This was a tax-withholding disposition (not an open-market sale).
Key Details
- Transaction date and price: July 1, 2026 — 8,603 shares at $24.73 per share (total ≈ $212,752).
- Transaction code: F (shares withheld to satisfy tax withholding on net issuance from RSU vesting).
- Footnote: F1 — Shares were withheld by the company based on the closing price on July 1, 2026 to cover tax obligations from vested RSUs.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing: Form 4 filed July 2, 2026; appears to be filed timely (within SEC reporting window).
Context
This was a routine withholding to cover tax on vested RSUs rather than a discretionary market sale. Such withholdings are common after vesting and do not necessarily indicate the insider’s view of the company’s prospects. Transaction code F denotes a tax-withholding disposition rather than a purchase or voluntary sale.