SEC Form 4 · accession 0000899243-18-031710
EverQuote, Inc. · EVER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David W Mason
Officer — General Counsel and Secretary
Period of report
Dec 21, 2018
Accepted (ET)
Dec 26, 2018 · 4:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001640428
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF2 | Dec 21, 2018 | A | 96,000 | $0.00 | A | 174,788 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF3 | — | Dec 21, 2018 | D | 96,000 | D | — | — | Class A Common Stock | 96,000 | 0 | D |
Explanation of responses
- F1The two reported transactions involved an amendment of an outstanding restricted stock unit ("RSU") award, resulting in the deemed cancellation of the "old" RSU award and the grant of a replacement RSU award. The original RSU award was granted on October 4, 2016, and represented the right to receive 96,000 shares of Class B Common Stock. The replacement RSU award represents the right to receive 96,000 shares of Class A Common Stock. No other changes were made to the award as a result of the amendment.
- F2Consists of shares of Class A Common Stock issuable under 96,000 RSUs. Each RSU represents the right to receive one share of Class A Common Stock upon vesting. These RSUs will begin to vest 180 days after June 27, 2018 as to an amount equal to 96,000 multiplied by a fraction, the numerator of which is the number of full months since February 3, 2018 that the reporting person has provided services to the issuer and the denominator of which is 48, and the balance of the RSUs will vest in equal monthly installments thereafter upon the reporting person's completion of each month of service until the fourth anniversary of February 3, 2018.
- F3The Class B Common Stock is convertible into the issuer's Class A Common Stock on a one-for-one basis upon certain transfers of such shares and at the holder's election. The Class B Common Stock has no expiration date.