Everbridge Stock Settlement: $85 Million Distribution

What documents do I need for a claim?

• You must submit a timely, valid Claim Form to be considered for payment.
• Complete the form, include every document it requests, sign it, and submit it online or mail it so it is postmarked or received by November 25, 2026.
• The notice does not list every document required. The Claim Form itself provides that detail.

Does owning a mutual fund that held Everbridge stock make me eligible?

• Buying through a mutual fund does not by itself make you a Settlement Class Member.
• You may be included only if you personally purchased Everbridge publicly traded common stock during the Class Period. The mutual fund itself may qualify if it made eligible purchases.

Do I need to have held my shares past a particular date?

• For a compensable loss under the proposed plan, eligible stock must have been bought or acquired during the Class Period and held through at least one of the two alleged corrective disclosure dates.
• The notice identifies the affected trading dates as December 10, 2021 and February 25, 2022.

Which transactions do not qualify for a recovery under the proposed allocation plan?

• Shares sold before December 10, 2021 have a recognized loss amount of zero under the proposed plan.
• Short-sale positions do not qualify for a recognized loss under the plan, including purchases used to cover a short sale.
• Only Everbridge publicly traded common stock is eligible. If stock was bought or sold by exercising an option, the option exercise date and exercise price are used.

How will the amount of my payment be determined?

• Your claim is first matched using a first-in, first-out method. The proposed plan then calculates recognized losses using the purchase and sale timing, alleged artificial inflation, out-of-pocket loss, and, for certain later sales or shares still held, the 90-day average-price limits.
• Your actual payment is not a fixed amount. It is your recognized claim’s proportional share of the Net Settlement Fund, based on all approved claims.
• No distribution will be made if your calculated proportional payment is less than $10.

What do I need to do to exclude myself from the settlement?

• You must mail a signed exclusion request; you cannot opt out by phone or email.
• The request must identify you and provide your contact information, your Class Period Everbridge stock purchases and sales, and the shares you held at the opening of trading on February 18, 2020 and the close of trading on May 25, 2022.
• It must be received by November 25, 2026. If you opt out, you cannot receive a payment or object to the settlement.

What is required if I want to object?

• You may object only if you remain in the Settlement Class.
• A written, signed objection must explain each objection and its reasons, include supporting legal or factual material and documents showing your Settlement Class membership and trading details. Additional disclosures are required if you have a lawyer.
• The objection must be filed with the Court and sent to Lead Counsel and Defendants’ Counsel by November 25, 2026.

What legal claims do I give up if I stay in the settlement?

• If you stay in the Settlement Class and do not validly opt out, the settlement release takes effect when the settlement becomes effective.
• The release covers claims against the defendants and related released parties that were asserted, or could have been asserted, based on the allegations in this case and the purchase or acquisition of Everbridge publicly traded common stock during the Class Period.
• The release includes claims you do not yet know about that fall within that definition.

How could attorneys’ fees and expenses affect the fund?

• Lead Counsel plans to ask the Court for attorneys’ fees of up to 28% of the Settlement Fund, including accrued interest, and litigation expenses of up to $675,000 plus interest.
• Any amount awarded by the Court will come from the Settlement Fund before payments to eligible claimants.

When will payments be sent?

• A payment cannot be made until claims have been processed, the Court has finally approved the settlement, and the settlement has become effective.
• The notice does not provide a specific payment date.
• After an initial distribution, any remaining money may be redistributed to eligible claimants who cashed their checks if doing so is practical and economical.

What happens if I do nothing?

• You will not receive money from this settlement.
• If you are a Settlement Class Member and do not opt out, you will still be bound by the settlement release and cannot start, continue, or join another lawsuit concerning the released claims.