Blundin Amends EverQuote Stake via Link Ventures

TL;DR

**Major EverQuote shareholder David Blundin just updated his stake, signaling continued influence.**

AI Summary

David B. Blundin, through various entities including Link Ventures LLLP and COGO Labs, LLC, filed an SC 13D/A Amendment No. 4 on February 20, 2024, regarding his beneficial ownership in EverQuote, Inc. The filing updates previous disclosures, indicating continued significant influence over the company's Class A Common Stock. The contact for notices is Dominic Lloyd at Link Ventures LLLP, located in Cambridge, MA.

Why It Matters

This filing indicates a significant shareholder's updated position, which can signal ongoing strategic interest or potential future actions regarding EverQuote, Inc.'s governance or operations.

Risk Assessment

Risk Level: low — This is an amendment to a Schedule 13D, indicating an update to existing beneficial ownership, not a new aggressive stake or divestment.

Key Players & Entities

• David B. Blundin (person) — Filing party and beneficial owner
• EverQuote, Inc. (company) — Subject company of the filing
• Link Ventures LLLP (company) — Group member and contact for notices
• COGO Labs, LLC (company) — Group member
• Dominic Lloyd (person) — Contact person for Link Ventures LLLP
• Nixon Peabody LLP (company) — Legal counsel
• February 9, 2024 (date) — Date of event requiring filing
• February 20, 2024 (date) — Filing date
• $0.001 (dollar_amount) — Par value per share of Class A Common Stock

FAQ

Key Financial Figures

• $0.001 — Name of Issuer) Class A Common Stock, $0.001 Par Value Per Share (Title of Class o
• $15.00 — ple transactions at prices ranging from $15.00 to $15.79 per share, inclusive. The rep
• $15.79 — ctions at prices ranging from $15.00 to $15.79 per share, inclusive. The reporting per
• $15.43 — 2 shares at a weighted average price of $15.43 per share; and Link Ventures LLLP 10,4

Filing Documents

• d793391dsc13da.htm (SC 13D/A) — 127KB
• d793391dex991.htm (EX-99.1) — 8KB
• 0001193125-24-040185.txt ( ) — 136KB

of the Schedule 13D is hereby amended and restated in its entirety as follows

Item 1 of the Schedule 13D is hereby amended and restated in its entirety as follows: The title and class of equity securities to which the Schedule 13D relates is the Class A Common Stock, $0.001 par value per share (the Class A Common Stock), of EverQuote, Inc., a Delaware corporation (the Issuer). The principal executive offices of the Issuer are located at 210 Broadway, Cambridge, MA 02139. Item2. Identity and Background.

of the Schedule 13D is hereby revised and supplemented with the following

Item 2 of the Schedule 13D is hereby revised and supplemented with the following: (d) (e) None of the Reporting Persons has, during the last five years, been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he, she or it is or was subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Item4. Purpose of Transaction.

of the Schedule 13D is hereby revised and supplemented with the following

Item 4 of the Schedule 13D is hereby revised and supplemented with the following: On February 9, 2024, the Reporting Persons set forth below sold the amount of shares of Class A Common Stock at the price set forth below by their name in open market transactions. All the shares were sold in multiple transactions at prices ranging from $15.00 to $15.79 per share, inclusive. The reporting persons 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 Schedule 13D. David Blundin 89,177 shares at a weighted average price of $15.00 per share; Recognition Capital, LLC 100,402 shares at a weighted average price of $15.43 per share; and Link Ventures LLLP 10,422 shares at a weighted average price of $15.43 per share. All of the shares that are held of record by the Reporting Persons as reported herein were acquired for investment purposes. The Reporting Persons retain the right to change their investment intent, from time to time to acquire additional shares of Class A Common Stock, Class B Common Stock or other securities of the Issuer, or to sell or otherwise dispose of all or part of such shares or other securities of the Issuer, if any, beneficially owned by them, in any manner permitted by law. The Reporting Persons may engage from time to time in ordinary course transactions with financial institutions with respect to the securities described herein. None of the Reporting Persons currently has any other plans or proposals which would be related to or would result in any of the matters described in Items 4(a)-(j) of the Instructions to Schedule 13D. However, as part of the ongoing evaluation of investment and investment alternatives, the Reporting Persons may consider such matters and, subject to applicable law, may formulate a plan with respect to such matters, and

of the Schedule 13D is hereby revised and supplemented with the following

Item 5 of the Schedule 13D is hereby revised and supplemented with the following: Please see Items 5, 6, 7, 8, 9 and 11 of each cover sheet for each Reporting Person. $0.001 par value per share, issued and outstanding (the Class A Common Stock) and 5,604,278 shares of Class B common stock, $0.001 par value per share, issued and outstanding (the Class B Common Stock), as disclosed by the Issuer in its Form 10-Q for the quarter ended September 30, 2023, filed with the SEC on November 7, 2023. The Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis at the option of the holder. As of February 20, 2024, (i) Mr. Blundin directly owned 802,589 shares of Class A Common Stock, and indirectly owned 100 shares of Class A Common Stock held by his son, and indirectly owned the shares held by Recognition Capital, Link Ventures and Cogo Fund; (ii) Recognition Capital directly owned 903,614 shares of Class A Common Stock; (iii) Link Ventures directly owned 1,858,407 shares of Class A Common Stock and 5,556,462 shares of Class B Common Stock; and (iv) Cogo Fund directly owned 420,794 shares of Class A Common Stock. (a) See the information contained on the cover pages of this Schedule 13D, which is incorporated herein by reference. (b) See the information contained on the cover pages of this Schedule 13D, which is incorporated herein by reference. (c) Other than as previously disclosed in this Amendment No. 4, there have been no reportable transactions with respect to the shares of the Issuer within the last 60 days by any of the Reporting Persons. (d) Not applicable. (e) Not applicable. Item7. Material to Be Filed as Exhibits. Exhibit Description 99.1 Joint Filing Agreement, dated February 20, 2024, by and among David B. Blundin, Recognition Capital, LLC, Link Ventures LLLP, Link Manageme

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View this SC 13D/A filing on SEC EDGAR