EverQuote (EVER) CEO Mendal Jayme Sells Shares, Exercises Options

What Happened
Mendal Jayme, CEO, President and Director of EverQuote, exercised stock derivatives and sold company shares on September 15, 2026. He acquired 11,406 shares via exercise/conversion (reported at $0.00), sold 20,981 shares in the open market at a weighted average price of $24.27 for proceeds of $509,209, and disposed 11,406 shares from a derivative exercise at $6.96 for proceeds of $79,386. Combined reported proceeds from the disposals are about $588,595. These transactions were effected pursuant to a Rule 10b5‑1 trading plan.

Key Details

• Transactions date: 2026-09-15; Form filed: 2026-09-17 (filed within standard Form 4 timing).
• Open-market sale: 20,981 shares at weighted avg $24.27; proceeds $509,209. Sales executed at prices ranging $23.90–$24.68 (per footnote).
• Derivative transactions (code M): 11,406 shares acquired at $0.00; 11,406 derivative shares disposed at $6.96 for $79,386.
• Total reported proceeds from disposals: ~$588,595.
• Footnotes: F1 — trades done under a Rule 10b5‑1 plan adopted June 16, 2026; F2 — sale price is a weighted average across multiple transactions; F3 — the option was originally granted Oct 18, 2017 with standard vesting (25% on 9/30/2018 then monthly over 3 years).
• Shares owned after the transactions are not listed in the information provided here.

Context

• The filing shows both an option exercise and immediate sales of some shares — a common pattern (often used to cover exercise costs or taxes), and here was implemented under a pre-established 10b5‑1 plan.
• These are insider sales (not purchases); sales under a 10b5‑1 plan are generally considered routine and preplanned rather than an immediate signal of changed sentiment.