David Brainard, the Chief Technology Officer of EverQuote , Inc. (NASDAQ:), has sold a portion of his company shares, according to a recent regulatory filing. The transaction, which took place on August 16, 2024, involved the sale of 914 shares of Class A Common Stock at a price of $22.62 per share, resulting in a total sale value of $20,674.
The sale was conducted under a Rule 10b5-1 trading plan, a mechanism that allows company insiders to set up a predetermined schedule for selling shares at a time when they are not in possession of material non-public information. This plan was adopted by Brainard on May 18, 2022. It’s worth noting that the shares sold were specifically to cover tax withholding obligations associated with the vesting of restricted stock units on August 15, 2024. This indicates that the sale was not a discretionary decision by Brainard but rather a planned…
