Alex Vetter - Nov 8, 2023 Form 4 Insider Report for Cars.com Inc. (CARS)

Signature
/s/Angelique Strong Marks, as Attorney-in-Fact for T. Alex Vetter
Stock symbol
CARS
Transactions as of
Nov 8, 2023
Transactions value $
-$267,254
Form type
4
Date filed
11/13/2023, 05:01 PM
Previous filing
Aug 28, 2023
Next filing
Nov 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARS Common Stock Sale -$267K -14.1K -2.14% $19.00 643K Nov 8, 2023 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CARS Stock Options (right to buy) 513K Nov 8, 2023 Common Stock 513K $5.40 Direct
holding CARS Stock Options (right to buy) 291K Nov 8, 2023 Common Stock 291K $15.17 Direct
holding CARS Stock Options (right to buy) 263K Nov 8, 2023 Common Stock 263K $15.07 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales price is a weighted average price. Shares were sold in multiple transactions at prices ranging from $19.00 to $19.05, inclusive. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within such range upon request to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission.
F2 Includes RSUs.