{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-182779","form_type":"8-K","ticker":"EVER","cik":"0001640428","company_name":"EverQuote, Inc.","filed_at":"2023-07-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.651575+00:00","generated_at":"2026-06-13T11:57:07.420244+00:00","sec_items":["2.05","2.06"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"EverQuote exits health insurance vertical, cuts workforce; estimates $2-3M in costs","bullets":["Committed on June 30, 2023, to exiting its health insurance vertical and implementing a workforce reduction plan.","Estimated one-time costs of $2.0-$3.0 million for severance, benefits, and related cash expenditures, primarily in Q2 2023.","Exit of health insurance vertical expected to be completed by December 31, 2023.","Company evaluating potential asset write-downs and additional charges from the exit.","Reduction plan part of structural non-marketing opex cut of over 15% announced on June 16, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-182779","json":"https://secwatch.observer/filing/0001193125-23-182779.json","markdown":"https://secwatch.observer/filing/0001193125-23-182779.md","text":"https://secwatch.observer/filing/0001193125-23-182779.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1640428/000119312523182779/0001193125-23-182779-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1640428/000119312523182779/d878480d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T11:57:07.420244+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"74c56a0243b143edf452b28b45f4770361bf8bfa","claim":"EverQuote, Inc. announced a restructuring with charges of approximately $2.0 million to $3.0 million affecting health insurance vertical.","evidence_excerpt":"On June 30, 2023, EverQuote, Inc. (the “Company”) committed to exiting its health insurance vertical and implemented a workforce reduction plan (the “Reduction Plan”) as part of the structural reduction in non-marketing operating expenses (excluding non-cash items) of over 15% that the Company announced on June 16, 2023. The Company estimates that it will incur one-time termination benefits and other associated costs of approximately $2.0 million to $3.0 million in connection with the Reduction Plan.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1640428/000119312523182779/0001193125-23-182779-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $2.0 million to $3.0 million"},{"label":"Affected area","value":"health insurance vertical"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}