EverQuote authorizes $50M share buyback; credit agreement amended to permit up to $75M of repurchases

EverQuote, Inc.

Board approved repurchase of up to $50.0 million of Class A common stock (Nasdaq: EVER); program has no expiration date and may be suspended or discontinued at any time.
Second Amendment to Credit Agreement dated October 21, 2026 with Western Alliance Bank allows buybacks up to $75 million and investments up to $15 million absent a default.
CFO Joseph Sanborn said cash generation funds growth, AI innovation and leadership expansion while returning capital to shareholders.
Prior First Amendment (August 3, 2026) added wholly-owned subsidiary Batnac, LLC as an additional borrower and loan party under the August 1, 2025 credit agreement.
Repurchases may be made via open market, private transactions or Rule 10b5-1 plans, subject to Rule 10b-18 and Amended Credit Agreement terms.

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