Everbridge $85 Million Securities Class Action Settlement, Who Qualifies, How Much You Could Get and How to File by November 25, 2026

If you bought Everbridge, Inc. common stock between February 18, 2020 and February 24, 2022, you may be able to claim money from an $85 million settlement. Payment is not automatic. You must file a claim with your trading records, and the deadline is November 25, 2026.

Official settlement website: EverbridgeSecuritiesSettlement.com File your claim online: Everbridge Claim Filing Portal

The case is Sylebra Capital Partners Master Fund Ltd, et al. v. Everbridge, Inc., et al., Case No. 2:22-cv-02249-FWS-RAO, in the U.S. District Court for the Central District of California. Judge Fred W. Slaughter is presiding.

The court granted preliminary approval on August 25, 2026, but the settlement is not yet final. Everbridge and the individual defendants deny any wrongdoing, and the court has not decided who is right.

Everbridge Securities Settlement Quick Facts

Detail	Information
Case name	Sylebra Capital Partners Master Fund Ltd, et al. v. Everbridge, Inc., et al.
Case number	2:22-cv-02249-FWS-RAO
Court	U.S. District Court, Central District of California
Judge	Hon. Fred W. Slaughter
Settlement amount	$85,000,000 plus earned interest
Class period	February 18, 2020 to February 24, 2022, inclusive
Who is covered	People and entities who bought or acquired Everbridge publicly traded common stock in that period and were allegedly damaged
Official settlement website	EverbridgeSecuritiesSettlement.com
Claim form	File online or download a paper form from the official website
Official notice	Long-Form Notice (PDF)
Claim required	Yes
Claim deadline	November 25, 2026 (online by that date, or mailed and postmarked by it)
Exclusion and objection deadline	November 25, 2026 (must be received)
Final approval hearing	December 17, 2026, 10:00 a.m. Pacific
Estimated average recovery	About $2.32 per allegedly damaged share before fees and expenses; about $1.65 after requested fees and expenses
Status	Preliminary approval granted; final approval pending
Claims administrator	Verita Global, LLC
Lead counsel	Labaton Keller Sucharow LLP
Phone	888-808-1850
Defendants admit wrongdoing	No

What the Everbridge Securities Class Action Alleges

Everbridge sells critical event management software, including mass notification tools that send alerts by phone, text, and email. The lawsuit centers on the company’s acquisitions during the class period, including its 2021 purchase of xMatters, an IT service management platform.

Lead plaintiffs, three Sylebra Capital funds (Sylebra Capital Partners Master Fund Ltd, Sylebra Capital Parc Master Fund, and Sylebra Capital Menlo Master Fund), allege that Everbridge, David Meredith, and Patrick Brickley made false or misleading statements about how the integration of those acquisitions was going and about how much revenue xMatters contributed in 2021. The claims arise under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5.

Plaintiffs say corrective information reached the market after the close of trading on December 9, 2021 and February 24, 2022, and that the stock dropped in a statistically significant way on December 10, 2021 and February 25, 2022. The defendants deny the allegations, and the settling parties disagree on liability, intent, how much the stock price was inflated, and how much of the decline came from general market conditions.

These remain allegations. No court has entered a judgment finding that Everbridge committed securities fraud, and the settlement is not an admission of wrongdoing.

How the Everbridge case reached an $85 million settlement

Date	Event
April 2022	Original class action complaint filed in the Central District of California
July 8, 2022	Court appoints the Sylebra funds as lead plaintiffs
May 9, 2023	Court dismisses the first amended complaint with leave to amend
March 18, 2024	Court dismisses the second amended complaint
July 15, 2025	Ninth Circuit reverses in part, finding scienter and falsity adequately alleged for certain statements, and effectively narrows the class period to February 18, 2020 through February 24, 2022
March 12, 2026	Plaintiffs file their class certification motion
June 1, 2026	Full-day mediation fails to produce a deal
June 13, 2026	Parties accept the mediator’s double-blind recommendation and settle for $85 million
August 10, 2026	Parties sign the Stipulation of Settlement
August 25, 2026	Court grants preliminary approval and appoints Verita Global as administrator
November 25, 2026	Claim, exclusion, and objection deadline
December 17, 2026	Final approval hearing

The case had been dismissed twice before the appeals court revived part of it. Class certification had not been decided when the parties settled. Discovery produced more than 1.1 million pages of documents.

Who Qualifies for the Everbridge Settlement

You are in the Settlement Class if you purchased or otherwise acquired Everbridge publicly traded common stock from February 18, 2020 through February 24, 2022, both dates inclusive, and were allegedly damaged by it. Individuals and entities both count.

Buying stock during the class period does not guarantee a payment. The Plan of Allocation decides whether you have a recognized loss and how much of the Net Settlement Fund you may receive.

Mutual funds: if a mutual fund you own bought Everbridge stock, that does not make you a class member. You qualify only if you bought the shares yourself, although the fund itself may be a class member.

Who is excluded from the Everbridge settlement

Excluded are the defendants, immediate family of any individual defendant, anyone who was an officer, director, or control person of Everbridge during the class period, entities in which a defendant has or had a controlling or beneficial interest, and Everbridge’s employee retirement and benefit plans and their participants, to the extent purchases were made through those plans. Legal representatives, affiliates, heirs, successors, and assigns of excluded persons are also out, as is anyone who validly requests exclusion.

You need a loss that the plan recognizes

To have a compensable loss, you must have bought during the class period and held through at least one of the two alleged corrective disclosure dates, December 9, 2021 or February 24, 2022. Shares sold before December 10, 2021 get a recognized loss of zero.

How Much Money Could You Get From the Everbridge Settlement?

The notice estimates an average recovery of about $2.32 per allegedly damaged share before fees and expenses, and about $1.65 per share after the requested fees and expenses are deducted. These are averages that assume every eligible investor files a claim. They are not guaranteed payments, and your actual amount can be higher or lower depending on your transactions, the total value of valid claims, and the court-approved allocation formula.

What comes out of the $85 million first

The Net Settlement Fund is the $85 million plus interest, minus court-approved attorneys’ fees and litigation expenses, notice and administration costs, taxes, and any other approved costs.

• Attorneys’ fees: Lead Counsel will ask for no more than 28% of the fund, or $23.8 million, plus interest
• Litigation expenses: no more than $675,000, plus interest, which may include reimbursement to the plaintiffs for costs and lost wages under the Private Securities Litigation Reform Act
• Estimated impact: about $0.67 per share if the court approves both requests in full

Using only the capped fees and expenses, at most about $60.5 million remains before notice, administration, and tax costs, and before interest. That figure is our own arithmetic from the notice’s numbers, not an amount the administrator has published.

How your payment is calculated

Each claimant gets a pro rata share of the Net Settlement Fund based on a “Recognized Claim,” the total of Recognized Loss Amounts across your eligible purchases. The notice stresses that the plan is not a formal damages analysis and that the numbers only weigh claims against each other. Purchases and sales are matched first in, first out (FIFO). The formulas use two alleged inflation figures per share:

Purchase date	Alleged artificial inflation per share
February 18, 2020 through December 9, 2021	$70.76
December 10, 2021 through February 24, 2022	$16.29

These figures are used only for allocation. They are not a judicial finding that the stock was actually inflated by those amounts.

How the Recognized Loss Amount works for each share you bought during the class period:

• Sold before December 10, 2021: zero
• Sold December 10, 2021 through February 24, 2022: the lesser of the inflation difference between purchase and sale dates or your out-of-pocket loss
• Sold February 25, 2022 through May 25, 2022: the least of the inflation on your purchase date, your purchase price minus the average closing price from February 25, 2022 to your sale date, or your out-of-pocket loss
• Still held at the close of trading on May 25, 2022: the lesser of the inflation on your purchase date or your purchase price minus $42.16

The $42.16 figure is the average closing price during the 90-day lookback period from February 25, 2022 through May 25, 2022, which federal law requires the calculation to account for. Gains are treated as zero. Purchases and sales count on the trade date, not the settlement date. Shares bought outside the class period are not eligible, and short sales get no recovery.

Authorized claimants whose prorated payment comes out below $10.00 will not receive a distribution.

Do You Have to File a Claim?

Yes. Submitting a timely and valid claim form is the only way to receive a payment. If you qualify but do nothing, you get no money, and you are still bound by the settlement and its release if it becomes effective. Doing nothing is not the same as opting out.

How to File an Everbridge Securities Settlement Claim

File online through the Verita claim portal or mail a signed paper claim form from the official website. Either way, the deadline is November 25, 2026. Use the official website rather than a third-party site.

Step 1: Gather your trading records

The parties do not have your transaction history. You need broker statements or trade confirmations showing:

• Your Everbridge share holdings on February 17, 2020 (beginning holdings)
• Every purchase or acquisition from February 18, 2020 through February 24, 2022, with dates, share counts, and prices excluding fees, commissions, and taxes
• Every sale from February 18, 2020 through the close of trading on May 25, 2022
• Purchases or acquisitions from February 25, 2022 through May 25, 2022 (needed for verification only, not eligible for recovery)
• Your holdings at the close of trading on May 25, 2022

If you no longer have your records, ask your broker for historical statements before filing. Do not guess transaction information.

Step 2: Complete the claim form

Report all transactions, whether they were profitable or not. Leaving out transactions can get a claim rejected. If you hold shares in more than one account, file a separate claim form for each account. The form asks for the last four digits of your Social Security number or a taxpayer identification number, which may be used to verify the claim.

Claims must be filed by the actual beneficial owners or their legal representatives. Executors, trustees, and similar representatives must state their capacity and attach proof of their authority. All joint owners must sign.

Step 3: Attach documentation and sign

Copies of broker trade confirmations or other proof of transactions must go with the claim. Do not highlight the form or the documents, and attach copies only, because documents are not returned. You sign under penalty of perjury, and forged or fraudulent documents lead to rejection and possible liability. Keep a copy for your records.

Step 4: Wait for the acknowledgment

The administrator mails an acknowledgment postcard within 60 days. Your claim is not considered submitted until you receive it. If nothing arrives in 60 days, call 888-808-1850 or email [email protected].

Investors with a large number of transactions may need to submit data in electronic files. They must still send a manually signed paper form, and electronic files only count once the administrator confirms in writing that it accepted them. Call 888-808-1850 for the file layout.

Your Options and Deadlines in the Everbridge Settlement

Option	What happens	Deadline
File a claim	The only way to get paid	November 25, 2026
Exclude yourself	No payment; you keep any right to sue on your own, though a late suit may be time-barred	November 25, 2026
Object	Tell the court what you dislike; you stay in the class and can still file a claim	November 25, 2026
Do nothing	No payment, and you give up the released claims	n/a

How to exclude yourself from the Everbridge settlement

Mail a signed letter saying you want to be “excluded from the Settlement Class in Sylebra Capital Partners Master Fund LTD, et al. v. Everbridge, Inc., et al., No. 2:22-cv-02249-FWS-RAO (C.D. Cal.).” You cannot opt out by phone or email. The letter must include your name, address, telephone number, and email address, the dates, prices, and share counts of all your purchases and sales during the class period, your holdings at the opening of trading on February 18, 2020 and the close of trading on May 25, 2022, and your signature. It must be received by November 25, 2026 at:

Everbridge Securities Settlement c/o Verita Global, LLC EXCLUSIONS P.O. Box 301170 Los Angeles, CA 90030-1170

If you opt out, do not file a claim, and you cannot object. The defendants have the right to terminate the settlement if enough class members opt out. Investors who think they have a substantial individual claim may want to consult their own attorney first.

How to object to the Everbridge settlement

You can object to the settlement, the plan of allocation, or the fee and expense request. Send a signed letter that identifies the case, gives your name, address, telephone number, and email, states each objection and the reasons for it, and includes documents showing you are a class member, with the shares you bought and sold and the dates and prices. If a lawyer represents you, they must also disclose how many class settlement objections they and you have filed in the past five years. File it with the court and deliver copies to Lead Counsel and defense counsel so everything is received by November 25, 2026.

The court’s address is Clerk of the Court, U.S. District Court, Central District of California, Ronald Reagan Federal Building and United States Courthouse, 411 W. 4th Street, Courtroom 10D, 10th Floor, Santa Ana, CA 92701. Lead Counsel is Michael H. Rogers at Labaton Keller Sucharow LLP, 140 Broadway, New York, NY 10005. Defense counsel is Jules H. Cantor at Kirkland & Ellis LLP, 333 W. Wolf Point Plaza, Chicago, IL 60654.

To speak at the hearing, you must also file a statement of intent to appear by November 25, 2026, and list any witnesses and exhibits in your objection. You do not need a lawyer, and you do not need to attend for the court to consider a written objection. Objecting is different from opting out: if you object, you stay in the class and can still receive a payment if you file a valid claim.

What You Give Up in the Everbridge Settlement

If you stay in the class, you release the defendants and a broad group of related parties, which includes former defendant Jaime Ellertson, from claims that were or could have been brought based on the allegations in the complaints and your purchase of Everbridge stock during the class period. The release covers unknown claims and waives protections similar to California Civil Code § 1542. Claims to enforce the settlement are not released.

You are bound by the release whether or not you file a claim. If you have your own lawsuit pending against the released parties, talk to your lawyer right away.

Key Dates in the Everbridge Securities Settlement

Date	Event
February 18, 2020	Class period begins
December 9, 2021	First alleged corrective disclosure, after market close
February 24, 2022	Class period ends; second alleged corrective disclosure after market close
May 25, 2022	End of the 90-day lookback period used in loss calculations
August 25, 2026	Preliminary approval granted
November 25, 2026	Claim, exclusion, objection, and notice-of-appearance deadline
December 17, 2026, 10:00 a.m. Pacific	Final approval hearing, Courtroom 10D, 10th Floor, Ronald Reagan Federal Building and U.S. Courthouse, 411 W. 4th Street, Santa Ana, CA 92701

The court may move the hearing or hold it remotely without sending individual notice, and deadlines are subject to change, so check the official website.

When Will Everbridge Settlement Payments Go Out?

There is no payment date yet. Payments will not go out until the court grants final approval, any appeals are resolved, and all claims have been processed. Submitting a claim does not mean an immediate payment.

If money is left after the first distribution, because of uncashed checks or tax refunds, Lead Counsel will redistribute it to claimants who cashed their checks, if that is feasible and economical, after at least six months. Anything that cannot be redistributed economically goes to the Consumer Federation of America or another nonprofit approved by the court.

Who Represents the Everbridge Settlement Class

The court appointed the three Sylebra Capital funds as lead plaintiffs and Labaton Keller Sucharow LLP as Lead Counsel. Robbins Geller Rudman & Dowd LLP serves as liaison counsel, and David M. Goldstein is also listed as Plaintiffs’ Counsel. They worked on contingency and have not been paid. Fees come out of the settlement fund if the judge approves them. You may hire your own lawyer at your own expense.

Common Mix-Ups to Avoid

• Buying Everbridge stock in the class period does not guarantee a payment. You must have a recognized loss under the plan.
• Shares sold before December 10, 2021 have a recognized loss of zero.
• The $2.32 and $1.65 figures are average estimates, not guaranteed per-share payments.
• The $85 million is not split equally. Fees, expenses, costs, and taxes come out first.
• Owning a mutual fund that held Everbridge does not make you a class member.
• Doing nothing is not the same as opting out.

Everbridge Securities Settlement FAQ

Do I have to file a claim to get money?

 Yes. Filing a valid, timely claim form is the only way to receive a payment.

What is the claim deadline?

 November 25, 2026.

Who qualifies?

 People and entities that purchased or acquired Everbridge publicly traded common stock from February 18, 2020 through February 24, 2022, inclusive, and were allegedly damaged, subject to the exclusions and the plan of allocation.

I bought Everbridge stock but sold it before December 10, 2021. Will I get anything?

 Probably not. Shares sold before that date have a recognized loss of zero under the plan of allocation, because they were not held through either alleged corrective disclosure.

I bought shares in March 2022. Am I covered? 

No. Only purchases and acquisitions from February 18, 2020 through February 24, 2022 are eligible.

I don’t have my old brokerage statements. What can I do?

 The parties have no record of your trades, and the claim form requires supporting documents. Ask your broker for historical statements or trade confirmations covering the class period and the lookback period.

Does owning a mutual fund that held Everbridge make me a class member?

 No. You qualify only if you personally bought the stock.

Is the settlement $2.32 or $1.65 per share? 

Those are estimated averages from the notice, assuming all eligible investors file claims. Individual payments can be higher or lower.

Is there a minimum payment?

 Yes. Claimants whose prorated payment would be less than $10.00 will not receive a distribution.

Is the whole $85 million split among investors? 

No. Court-approved fees (up to 28%), expenses (up to $675,000), notice and administration costs, and taxes come out first.

Has the settlement received final approval? 

No. The court granted preliminary approval on August 25, 2026. The final approval hearing is December 17, 2026.

Can I still sue on my own?

 Only if you exclude yourself by November 25, 2026. The notice warns that a later lawsuit may be dismissed as untimely.

When will checks be mailed? 

No date has been announced. Payments follow final approval, resolution of any appeals, and processing of valid claims.

Does Everbridge admit wrongdoing? 

No. Everbridge and the individual defendants deny the allegations and deny liability.

Who do I contact with questions?

 The claims administrator at 888-808-1850, [email protected], or Everbridge Securities Settlement, c/o Verita Global, LLC, P.O. Box 301170, Los Angeles, CA 90030-1170. Lead Counsel is reachable at 888-219-6877 or [email protected]. Do not call the court, Everbridge, or its lawyers.

What if I held shares for someone else? 

Brokers and nominees must, within ten calendar days of receiving the notice, either send the administrator a list of beneficial owners or forward the notice to them. They can seek reimbursement of reasonable expenses.

What to Do Before November 25, 2026

1. Check your brokerage records for Everbridge purchases, sales, and holdings during the class and lookback periods.
2. Collect statements or trade confirmations showing dates, share counts, and prices.
3. Review the official claim form to see what information it needs.
4. Complete the claim carefully, with every transaction, and attach copies of your documents.
5. Submit it through the official website or by mail before the deadline.
6. Keep a copy of the claim and your records, and watch for the acknowledgment postcard.

Bottom Line

The $85 million Everbridge securities settlement is open for claims, but it has not received final court approval. Investors who personally bought or acquired Everbridge common stock between February 18, 2020 and February 24, 2022, and held through at least one alleged corrective disclosure, may qualify. Unlike settlements that pay automatically, you must submit a valid claim with documentation to get paid. The estimated average recovery is about $2.32 per allegedly damaged share before fees and expenses, or about $1.65 after requested fees and expenses, and neither is guaranteed.

The claim, exclusion, and objection deadline is November 25, 2026, and the final approval hearing is December 17, 2026.

Official settlement website: EverbridgeSecuritiesSettlement.com File your claim online: Everbridge Claim Filing Portal

Sources

1. Official settlement website, EverbridgeSecuritiesSettlement.com, and the online claim portal at veritaconnect.com/EverbridgeSecuritiesSettlement, run by the claims administrator, Verita Global, LLC.
2. Notice of Pendency of Class Action, Proposed Settlement, and Motion for Attorneys’ Fees and Expenses (Long Form Notice), dated September 15, 2026.
3. Proof of Claim and Release Form.
4. Stipulation and Agreement of Settlement dated August 10, 2026.
5. Order granting preliminary approval, August 25, 2026.

Written by Israr Ahmad, legal content researcher at AllAboutLawyer.com. AllAboutLawyer.com is not a law firm. This article is general information, not legal or investment advice, and the author is not an attorney. Figures and dates come from the court-authorized notice, the claim form, and the official settlement website as of October 7, 2026. The settlement remains subject to final court approval. Confirm deadlines with the claims administrator before filing.