EverQuote: chief financial officer Sanborn Joseph sold 9,242 shares

What happened

• Sanborn Joseph, chief financial officer and chief administrative officer, disposed of a total of 9,242 shares. The filing shows 8,603 shares were withheld by the company to satisfy tax withholding upon vesting at $19.98 for $171,888 on Oct 1, 2026, and 639 shares were sold in the open market at $19.87 for $12,697 on Oct 2, 2026.

Key details

• Transaction dates and prices:
  • Oct 1, 2026: 8,603 shares withheld @ $19.98 = $171,888 (payment of tax withholding) (F1).
  • Oct 2, 2026: 639 shares sold @ $19.87 = $12,697 (open market sale under 10b5-1) (F2).
• Shares owned after the transaction: not reported in this Form 4.
• Footnotes:
  • F1: Shares withheld by the company to satisfy tax withholding on net issuance of vested restricted stock units and performance-based RSUs; withholding based on closing price on Oct 1, 2026.
  • F2: Sale pursuant to automatic sale instructions (10b5-1 plan adopted Mar 17, 2023) to satisfy tax withholding from vesting of RSUs; sale was not a discretionary trade by the reporting person.
• Filing timeliness: Form 4 filed Oct 5, 2026; the filing does not indicate it was late.

Why it may matter

• The 8,603-share transaction was a net issuance/withholding to cover tax obligations upon vesting of restricted stock units, not a market purchase or voluntary sale.
• The 639-share transaction was executed under an automatic sale instruction intended to satisfy tax withholding and is reported as a Rule 10b5-1 plan sale.
• A filing does not show why the insider traded or why the company acted.