David Brainard, Chief Technology Officer of EverQuote, Inc., filed a Form 4 on November 9, 2026, disclosing the exercise of three stock options on November 6, 2026, resulting in the acquisition of 15,025 shares of Class A Common Stock.

Key Highlights

  • Three options exercised: Brainard exercised options covering 6,250 shares at $9.41, 2,525 shares at $7.10, and 6,250 shares at $5.54, all on November 6, 2026.
  • Total shares acquired: 15,025 shares of Class A Common Stock were acquired across the three transactions, each coded as an "M" (option exercise).
  • All exercises outside a 10b5-1 plan: According to the filing, each exercise was made outside of a Rule 10b5-1 trading plan, with the exercise price paid in cash.
  • No shares sold or withheld: The filing states that "no shares were sold or withheld in connection with this exercise" and Brainard continues to hold all acquired shares.
  • Resulting ownership: Following all three transactions, Brainard directly held 165,203 shares of Class A Common Stock, according to the filing.
  • Remaining derivative securities: After the exercises, the filing reports 0 shares remaining under the $9.41 option, 2,500 under the $7.10 option, and 1,250 under the $5.54 option.

Brainard's Option Exercises: Transaction Details and Ownership Changes

According to the Form 4 filed with the SEC, David Brainard, identified as Chief Technology Officer of EverQuote, Inc. (NASDAQ:EVER), exercised three separate stock options on November 6, 2026. The first exercise covered 6,250 shares at an exercise price of $9.41, drawn from an option granted June 28, 2022, with shares that vested quarterly over four years beginning August 20, 2022. The second exercise covered 2,525 shares at $7.10, from an option granted July 24, 2023, vesting quarterly over four years beginning August 20, 2023. The third exercise covered 6,250 shares at $5.54, from an option granted October 24, 2022, vesting quarterly over two years beginning November 20, 2024.

The filing reports that all three exercises carried a derivative security price of $0 and were coded "M," indicating the acquisition of shares through option exercise. The filing states that Brainard "exercised this option outside of a Rule 10b5-1 trading plan and paid the exercise price in cash." All acquired shares were retained, with the filing confirming that no shares were sold or withheld. Prior to the first transaction, Brainard's directly held Class A Common Stock position stood at a level that increased sequentially to 156,428, then 158,953, and finally 165,203 shares following each successive exercise.

The Form 4 was signed by Jon Ayotte as attorney-in-fact for David Brainard and filed November 9, 2026. The filing covers only non-derivative and derivative securities held directly by the reporting person, with no indirect ownership reported.

What Was Disclosed

The filing disclosed three stock option exercises by EverQuote's CTO on November 6, 2026, adding 15,025 shares of Class A Common Stock to his direct holdings, bringing his total direct position to 165,203 shares, with all shares retained after exercise.