Greg M. Schwartz - 02 Jun 2021 Form 4 Insider Report for CarGurus, Inc. (CARG)

Role: Director
Signature: /s/ Kathleen Patton, as attorney-in-fact
Issuer symbol: CARG
Transactions as of: 02 Jun 2021
Net transactions value: -$106,587
Form type: 4
Filing time: 02 Jun 2021, 18:45:51 UTC
Next filing: 09 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CARG	Class A Common Stock	Sale	$106,587	-3,900	-26%	$27.33	11,042	02 Jun 2021	Direct
transaction	CARG	Class A Common Stock	Award	$0	+5,504	+58%	$0.000000	14,942	02 Jun 2021	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares issuable upon settlement of restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock. Subject to the Reporting Person's continuous service as a director of the Issuer, 100% of the RSUs will vest on the first anniversary of the grant date. Such vesting may be accelerated in connection with a Change in Control (as defined in the Issuer's Omnibus Incentive Compensation Plan).

Content

Represents shares issuable upon settlement of restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock. Subject to the Reporting Person's continuous service as a director of the Issuer, 100% of the RSUs will vest on the first anniversary of the grant date. Such vesting may be accelerated in connection with a Change in Control (as defined in the Issuer's Omnibus Incentive Compensation Plan).