David B. Blundin - Feb 9, 2024 Form 4 Insider Report for EverQuote, Inc. (EVER)

Signature
/s/ David Blundin
Stock symbol
EVER
Transactions as of
Feb 9, 2024
Transactions value $
-$3,047,669
Form type
4
Date filed
2/13/2024, 04:50 PM
Previous filing
Feb 24, 2022
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVER Class A Common Stock Sale -$1.34M -89.2K -10% $15.00 803K Feb 9, 2024 Direct F1, F2
transaction EVER Class A Common Stock Sale -$1.55M -100K -10% $15.43 904K Feb 9, 2024 By Recognition Capital, LLC F1, F3, F4
transaction EVER Class A Common Stock Sale -$161K -10.4K -0.56% $15.43 1.86M Feb 9, 2024 Link Ventures LLLP F1, F5, F6
holding EVER Class A Common Stock 100 Feb 9, 2024 By son
holding EVER Class A Common Stock 455K Feb 9, 2024 By Cogo Fund 2020, LLC F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 5, 2023.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $15.00 to $15.79, inclusive. The reporting person undertakes to provide EverQuote, Inc., any security holder of EverQuote, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this Form 4.
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $15.00 to $15.79, inclusive. The reporting person undertakes to provide EverQuote, Inc., any security holder of EverQuote, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this Form 4.
F4 Recognition Capital, LLC directly owns the reported securities. The reporting person is the sole manager of Recognition Capital, LLC. Except to the extent that the reporting person has a direct or indirect pecuniary interest in securities owned by the limited liability company, the reporting person disclaims beneficial ownership with respect to securities held in this manner. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.
F5 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $15.00 to $15.79, inclusive. The reporting person undertakes to provide EverQuote, Inc., any security holder of EverQuote, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this Form 4.
F6 Link Ventures, LLLP directly owns the reported securities. The reporting person is the managing member of Link Management, LLC, which is the general partner of Link Ventures, LLLP. Except to the extent that the reporting person has a direct or indirect pecuniary interest in securities owned by the partnership, the reporting person disclaims beneficial ownership with respect to securities held in this manner. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other person.
F7 Cogo Fund 2020, LLC directly owns the reported securities. The reporting person is the controlling stockholder of Cogo Labs, Inc., which is the sole manager of Cogo Fund 2020, LLC. Except to the extent that the reporting person has a direct or indirect pecuniary interest in securities owned by the limited liability company, the reporting person disclaims beneficial ownership with respect to securities held in this manner. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.