Published
October 3, 2026
Investors who bought or otherwise acquired Everbridge, Inc. common stock between February 18, 2020 and February 24, 2022 may qualify to claim a pro rata share of the $85 million Everbridge securities class action settlement, estimated at about $2.32 a share before fees. Claims close November 25, 2026, and the final approval hearing is set for December 17, 2026.
Current Status
Claims are open. A Claim Form must be submitted online or postmarked by November 25, 2026. The U.S. District Court for the Central District of California preliminarily approved the $85 million settlement on August 25, 2026, and the final approval hearing is scheduled for December 17, 2026, at 10:00 a.m. Pacific time. The settlement has not received final approval, and no payment date had been announced as of October 3, 2026.Free settlement alerts
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Status
Claims Open
Claim Deadline
November 25, 2026
Submitted online or postmarked · opt-outs and objections due the same day
Estimated Payout
About $2.32 a Share
Average estimate before fees · about $1.65 after · pro rata · no payment under $10
Proof Required
Yes — Brokerage Records
Broker confirmations or statements for each Everbridge purchase, sale and holding listed
What Changed Recently?
Everbridge, Inc. and two executives named as defendants agreed to pay $85 million to resolve Sylebra Capital Partners Master Fund Ltd v. Everbridge, Inc., a securities class action brought by investment funds that bought Everbridge stock. The parties accepted a mediator’s recommendation on June 13, 2026, signed the settlement stipulation on August 10, 2026, and the court preliminarily approved the deal on August 25, 2026, which opened the claim process. The court-ordered summary notice was published on September 29, 2026.Everbridge sells critical event management software, including mass-notification tools that send emergency alerts by phone, text and email. The lawsuit alleges that the company and its executives made false or misleading statements about how well Everbridge was integrating its acquisitions, especially the IT alerting platform xMatters, and about how much xMatters contributed to 2021 revenue. Plaintiffs allege the stock fell when corrective information came out after the market closed on December 9, 2021 and February 24, 2022. The defendants deny all of these allegations, deny any liability or wrongdoing, and agreed to settle to end the cost and risk of further litigation. No court has found that Everbridge did anything wrong.
The case had a long path to settlement. The district court dismissed two versions of the complaint, in May 2023 and March 2024. On July 15, 2025, the Ninth Circuit partly reversed, holding that certain statements about the acquisitions were adequately alleged, and the case went into discovery. The parties were briefing class certification when they settled.
Who Qualifies?
The settlement class includes all persons and entities that purchased or otherwise acquired Everbridge publicly traded common stock from February 18, 2020 through February 24, 2022, inclusive, and were allegedly damaged. Everbridge traded on the Nasdaq under the ticker EVBG during that period.Excluded are the defendants and their immediate families, anyone who was an Everbridge officer, director or control person during the class period, entities a defendant controlled, Everbridge’s employee retirement and benefit plans to the extent of purchases made through those plans, and anyone who opts out. Owning a mutual fund that held Everbridge does not make the fund’s investor a class member.
Being in the class does not guarantee a payment. Under the plan of allocation, shares bought during the class period generally have to have been held through at least one of the alleged corrective disclosures, at the close of December 9, 2021 or February 24, 2022, to have a recognized loss.
How Much Can You Get?
Payments are pro rata. The notice estimates the average recovery at about $2.32 per allegedly damaged share before attorneys’ fees and expenses, and about $1.65 per share if the fee and expense request is approved in full. These are averages across the class, assuming every eligible investor files; individual recoveries can be higher or lower depending on when shares were bought and sold and how many valid claims come in.Each claimant’s recognized loss is based on the alleged artificial inflation in the share price on the purchase date, $70.76 a share for purchases from February 18, 2020 through December 9, 2021 and $16.29 a share for purchases from December 10, 2021 through February 24, 2022, compared with the inflation on the sale date. Shares sold or held after February 24, 2022 are also subject to a cap tied to the stock’s average closing price of $42.16 during the 90-day look-back period ending May 25, 2022. Purchases and sales are matched on a first-in, first-out basis.
Lead counsel will ask for attorneys’ fees of up to 28% of the fund, or $23.8 million plus interest, and up to $675,000 in litigation expenses. Notice and administration costs also come out of the fund. No payment is made to a claimant whose share would be less than $10.00, and money left after the first distribution may be redistributed to claimants who cashed their checks.
What Proof or Notice ID Is Required?
No notice ID is needed, but the claim requires documentation. The Claim Form asks for every purchase, acquisition and sale of Everbridge common stock during the class period, including dates, prices and share counts, plus holdings at the start of the class period and later dates the form specifies. Copies of broker trade confirmations or other records of each transaction must be attached, and the form warns that missing documentation can delay or defeat a claim. The postcard notice is not needed to file.Institutions and other claimants with large numbers of transactions may be asked to submit their trades in an electronic file, which counts only after the administrator acknowledges it in writing.
What Is the Deadline?
Claim Forms must be submitted online or postmarked by November 25, 2026. The official sources give a date only, with no time of day.November 25, 2026 is also the deadline for requests to be excluded from the class, which must be received by then, and for objections to the settlement, the plan of allocation or the fee request, which must be filed with the court and received by counsel by then.
How Do You Take Action?
Claims are filed through the official Everbridge Securities Settlement website, run by claims administrator Verita Global, LLC, where the Claim Form can be completed online or downloaded to mail in. Lead counsel Labaton Keller Sucharow also posts the notice and Claim Form on its Everbridge case page. A claim requires the transaction details and supporting brokerage records described above and a signed release.Other open stock-drop settlements are listed on OCA’s securities class actions hub.
What Happens Next?
Judge Fred W. Slaughter will hold the settlement hearing on December 17, 2026, at 10:00 a.m. Pacific time at the federal courthouse in Santa Ana, California, to decide whether to approve the settlement, the plan of allocation and the fee request. The court can move the hearing or hold it remotely without further notice. Payments will be made only after the court approves the settlement, any appeals are resolved and all claims are processed. No payment date had been announced as of October 3, 2026.Sources and Verification
- Everbridge Securities Settlement — official settlement website
- Notice of Pendency of Class Action, Proposed Settlement, and Motion for Attorneys’ Fees and Expenses
- Proof of Claim and Release Form
- Preliminary Approval Order, Sylebra Capital Partners Master Fund Ltd v. Everbridge, Inc., No. 2:22-cv-02249-FWS-RAO (C.D. Cal.)
- Court-ordered summary notice, PR Newswire, September 29, 2026
Questions
Do shares bought through a mutual fund count?
The notice says a mutual fund’s purchases of Everbridge stock do not make the fund’s investors class members, although the fund itself may be one. Only shares an investor bought or acquired individually during the class period count.
Why does the class period start in February 2020 when the original complaint went back to 2019?
The first amended complaint covered November 4, 2019 through February 24, 2022. When the Ninth Circuit partly revived the case in July 2025, its ruling effectively shortened the class period to February 18, 2020 through February 24, 2022, and the settlement uses that shorter window.
Is there a minimum payment?
Under the proposed plan of allocation, no payment is made to an authorized claimant whose pro rata share works out to less than $10.00. That amount is left out of the calculation.
Who is paying the settlement?
The settling defendants are Everbridge and the two individual executives named in the operative complaint. They agreed to pay, or cause to be paid, $85 million in cash, and they deny all wrongdoing and liability.
For more class actions keep scrolling below.
Settlement Amount
$85,000,000
Case Title
Sylebra Capital Partners Master Fund Ltd v. Everbridge, Inc.
Case Number
2:22-cv-02249-FWS-RAO
Court
U.S. District Court, Central District of California
Final Approval Hearing
December 17, 2026 at 10:00 AM PT
Santa Ana federal courthouse, Courtroom 10D, or remotely
Administrator
Verita Global, LLC
Official Website
Everbridge Securities Settlement
