EverQuote Announces $21 Million Repurchase of Shares from Link Ventures and Affiliated Entities Controlled by Chairman and Co-Founder, David Blundin

Enables EverQuote to efficiently execute a portion of its $50 million Share Repurchase Program

Mr. Blundin remains EverQuote's Chairman and largest shareholder

CAMBRIDGE, Mass., Aug. 11, 2025 (GLOBE NEWSWIRE) -- EverQuote, Inc. (NASDAQ:EVER), a leading online insurance marketplace, today announced that it has agreed to repurchase an aggregate of 900,000 shares of its Class A common stock, resulting in an aggregate repurchase price of $21 million (the "Repurchase") from Link Ventures, which is an entity affiliated with funds advised by David Blundin, EverQuote's Chairman and Co-Founder, and other affiliated entities of Mr. Blundin. The transaction was executed on a price per share of $23.33, which represents a 1.75% discount to Friday's closing price and a 3.96% discount on the Company's 10-day volume-weight average price on August 8, 2025, and comes in part of the $50 million share repurchase program announced on August 4, 2025.

"We believe today's discounted repurchase is an accretive use of capital that enables us to efficiently execute a portion of our recently announced $50 million share buyback program in a manner that does not adversely impact liquidity in EverQuote's public float," said Joseph Sanborn, CFO of EverQuote. "This repurchase reiterates our confidence in EverQuote's ability to generate long-term sustainable growth and free cash flow, while maintaining a strong balance sheet."

"As an ...