Link Ventures LLLP Amends EverQuote Stake

TL;DR

Link Ventures LLLP filed an amendment to their EverQuote stake. Watch for details.

AI Summary

Link Ventures LLLP, along with affiliated entities, has filed an amendment (Amendment No. 7) to their Schedule 13D concerning EverQuote, Inc. as of September 5, 2024. The filing indicates a change in beneficial ownership, though specific new holdings or percentage changes are not detailed in this excerpt. The filing is made under the Securities Exchange Act of 1934.

Why It Matters

This amendment signals a potential shift in control or investment strategy by a significant shareholder in EverQuote, which could influence the company's stock performance.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in beneficial ownership, which can lead to increased volatility.

Key Players & Entities

• Link Ventures LLLP (company) — Filing entity
• EverQuote, Inc. (company) — Subject company
• Dominic Lloyd (person) — Authorized to receive notices
• John C. Partigan (person) — Attorney for filing entity
• Lloyd H. Spencer (person) — Attorney for filing entity
• Nixon Peabody LLP (company) — Legal counsel for filing entity
• COGO FUND 2020, LLC (company) — Group member
• COGO LABS, LLC (company) — Group member
• LINK EQUITY PARTNERS, LLC (company) — Group member
• LINK MANAGEMENT LLC (company) — Group member

FAQ

Key Financial Figures

• $0.001 — Name of Issuer) Class A Common Stock, $0.001 Par Value Per Share (Title of Class o
• $26.80 — July 29, 2024 David Blundin 3,255* $26.80 to $26.85 inclusive $26.81 July 29,
• $26.85 — 024 David Blundin 3,255* $26.80 to $26.85 inclusive $26.81 July 29, 2024 Rec
• $26.81 — 3,255* $26.80 to $26.85 inclusive $26.81 July 29, 2024 Recognition Capital, L
• $27 — 024 David Blundin 6,250* $26.80 to $27.40, inclusive $27.02 August 1, 2024
• $27.02 — 6,250* $26.80 to $27.40, inclusive $27.02 August 1, 2024 Recognition Capital,
• $27.08 — 65,540* $26.80 to $27.79, inclusive $27.08 August 6, 2024 David Blundin 178*
• $27.82 — August 6, 2024 David Blundin 178* $27.82 to $28.04, inclusive $27.89 August
• $28 — 2024 David Blundin 178* $27.82 to $28.04, inclusive $27.89 August 6, 2024
• $27.89 — 178* $27.82 to $28.04, inclusive $27.89 August 6, 2024 Recognition Capital,
• $26.95 — August 7, 2024 David Blundin 178* $26.95 to $27.23, inclusive $27.03 August
• $27.03 — 178* $26.95 to $27.23, inclusive $27.03 August 7, 2024 Recognition Capital,

Filing Documents

• d865116dsc13da.htm (SC 13D/A) — 143KB
• d865116dex991.htm (EX-99.1) — 132KB
• d865116dex992.htm (EX-99.2) — 9KB
• 0001193125-24-214360.txt ( ) — 285KB

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 141 Portland Street, 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 June 14, 2024, the Reporting Persons adopted a Rule 10b5-1 trading arrangement (the 2024 Rule 10b5-1 Plan) with Merrill Lynch, Pierce, Fenner & Smith Incorporated (Broker) intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) promulgated under the Securities Exchange Act of 1934, as amended, for the sale of up to 2,031,264 shares of the Class A Common Stock. No trading is permitted to occur under the 2024 Rule 10b5-1 Plan until after the later of (i) 90 days following plan adoption or modification, (ii) two business days following the disclosure in certain periodic reports of the Issuers financial results for the fiscal quarter in which the plan was adopted or modified (but not to exceed 120 days following plan adoption or modification), or (iii) the trading day after the completion of all sales under the Reporting Persons Rule 10b5-1 plan adopted on September 5, 2023. The 2024 Rule 10b5-1 Plan will terminate at the earlier of the execution of all trading orders pursuant to the plan or December 5, 2025. The sales are being done primarily for diversification purposes. The 2024 Rule 10b5-1 Plan will not require the Reporting Persons to sell any specific number of shares of Class A Common Stock or at all, and may be modified, suspended or terminated at any time without notice. The foregoing summary is qualified in its entirety by reference to the actual language in the 2024 Rule 10b5-1 Plan, which is filed as Exhibit 99.1 to this Amendment No. 7, and which is incorporated herein by reference. 9 The Reporting Persons sold the amount of shares of Class A Common Stock on the date and at the price set forth in the table below in open market transactions. All daily sales of the shares were sold in multiple transactions at varying prices. The Reporting Persons undertakes to provide EverQuote, Inc., any security holder of EverQuote, Inc., or the staff of the Securit

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 3,604,278 shares of Class B common stock, $0.001 par value per share, issued and outstanding (the Class B Common Stock) as of June 30, 2024, as disclosed by the Issuer in its Form 10-Q for the period ended June 30, 2024, filed with the SEC on August 6, 2024. 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 September 4, 2024, (i) Mr. Blundin directly owned 192,127 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 216,307 shares of Class A Common Stock; (iii) Link Ventures directly owned 3,510,700 shares of Class A Common Stock and 3,556,462 shares of Class B Common Stock; and (iv) Cogo Fund directly owned 393,268 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. 7, there have been no reportable transactions with respect to the shares of the Issuer in the last 60 days, by any of the Reporting Persons. (d) Not applicable. (e) Not applicable. Item6. Contracts, Arrangements, Understandings or Relationships with respect to Securities of the Issuer.

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

Item 6 of the Schedule 13D is hereby revised and supplemented with the following: The information set forth in Item 4 of this Schedule 13D is hereby incorporated by reference into this Item 6. Item7. Material to Be Filed as Exhibits. Exhibit Description 99.1 Rule 10b5-1 Sales Plan, Client Representations, and Sales Instructions, dated June 14, 2024 99.2 Joint Filing Agreement, dated September 5, 2024, by and among David B. Blundin, Recognition Capital, LLC, Link Ventures LLLP, Link Management LLC, Cogo Fund 2020, LLC, Cogo Labs, LLC, and Link Equity Partners, LLC. 11 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this Dated: September 5, 2024 /s/ David B. Blundin David B. Blundin RECOGNITION CAPITAL, LLC By: /s/ David B. Blundin Name: David B. Blundin Title: Manager LINK VENTURES LLLP By: Link Management LLC, its general partner By: /s/ David B. Blundin Name: David B. Blundin Title: Managing Member LINK MANAGEMENT LLC By: /s/ David B. Blundin Name: David B. Blundin Title: Managing Member LINK EQUITY PARTNERS, LLC By: /s/ David B. Blundin Name: David B. Blundin Title: Managing Member COGO FUND 2020, LLC By: COGO LABS, LLC, its sole manager By: /s/ David B. Blundin Name: David B. Blundin Title: Chairman COGO LABS, LLC By: /s/ David B. Blundin Name: David B. Blundin Title: Chairman

View Full Filing

View this SC 13D/A filing on SEC EDGAR