---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-272437"
form_type: "8-K/A"
ticker: "EVER"
cik: "0001640428"
company_name: "EverQuote, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T15:39:17.685642+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# EverQuote completes health insurance exit; records $19.4M loss on asset sale

## Summary
- Sold Eversurance LLC membership interests to MyPlanAdvocate for $13.2M cash; recognized $19.4M loss on sale.
- Previous restructuring charges totaled $2.7M severance and $1.1M non-cash equity modification.
- Assets sold included $30.8M commissions receivable (collected over 7 years), $1.0M intangible, $0.4M other net assets.
- Exit of health vertical and workforce reduction completed as of Sept 30, 2023; no further charges expected.

## SEC filing metadata
- accession: 0001193125-23-272437
- form_type: 8-K/A
- ticker: EVER
- cik: 0001640428
- company_name: EverQuote, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1640428/000119312523272437/0001193125-23-272437-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1640428/000119312523272437/d535483d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-272437
- JSON: https://secwatch.observer/filing/0001193125-23-272437.json
- Plain text: https://secwatch.observer/filing/0001193125-23-272437.txt

## Key facts
- Restructurings & Charges
  EverQuote, Inc. announced a restructuring with charges of approximately $2.0 million to $3.0 million affecting health insurance vertical.
  - Type: restructuring
  - Charge: approximately $2.0 million to $3.0 million
  - Affected area: health insurance vertical
  source text: The Company previously estimated that it would 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_url: https://www.sec.gov/Archives/edgar/data/1640428/000119312523272437/0001193125-23-272437-index.htm
- Restructurings & Charges
  EverQuote, Inc. announced a impairment with charges of loss on sale of assets of $19.4 million affecting health insurance vertical.
  - Type: impairment
  - Charge: loss on sale of assets of $19.4 million
  - Affected area: health insurance vertical
  source text: Accordingly, the Company has now recognized a loss on sale of assets of $19.4 million, which amount is included in restructuring and other charges, for the three and nine months ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1640428/000119312523272437/0001193125-23-272437-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.