Sanborn Joseph 4
Research Summary
AI-generated summary
EverQuote CFO Joseph Sanborn Sells 642 Shares
What Happened
Joseph Sanborn, Chief Financial Officer and Chief Administrative Officer of EverQuote, disposed of 642 shares on July 6, 2026, in an open‑market sale at $24.50 per share, generating approximately $15,729. The filing indicates the sale was made to satisfy tax withholding obligations tied to restricted stock unit (RSU) vesting and was executed under a pre-established plan.
Key Details
- Transaction date and price: 2026-07-06 — 642 shares sold at $24.50 each.
- Total value: Approximately $15,729.
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnote: Sales were effected pursuant to a Rule 10b5‑1 trading plan adopted March 17, 2023, and represent sale of shares necessary to meet tax withholding from RSUs that vested July 1, 2026; sales were not discretionary (footnote F1).
- Filing timeliness: Form filed 2026-07-08; this appears timely (within the standard two business‑day reporting window).
Context
The sale was to cover tax obligations from RSU vesting and was conducted under a 10b5‑1 plan; such automatic or withholding sales are routine and do not necessarily indicate a view on company prospects. This was a disposal (sale), not a purchase or option exercise.