EverQuote, Inc. (EVER) Form 8-K — Oct 21, 2026
EverQuote's Board authorized a share repurchase program of up to $50 million of its Class A common stock on October 21, 2026. The program has no expiration date and may be executed via open market purchases, privately negotiated transactions, or Rule 10b5-1 plans. To enable the buyback, EverQuote and its subsidiary Batnac, LLC entered into a Second Amendment to its Credit Agreement with Western Alliance Bank, permitting up to $75 million of cumulative repurchases and $15 million of annual investments. Monthly repurchases and investments combined are capped at trailing three-month Consolidated Adjusted EBITDA.
Key figures
- Permitted Investments Usd
- 15000000
- Share Repurchase Authorization Usd
- 50000000
- Permitted Repurchases Under Credit Agreement Usd
- 75000000
- Monthly limit constraint
- Repurchases plus investments in any calendar month may not exceed trailing three-month Consolidated Adjusted EBITDA
- Ramp credit card debt cap
- 2000000
- First amendment investment cap
- 2500000
AI analysis
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