Greg M. Schwartz - Jun 2, 2021 Form 4 Insider Report for CarGurus, Inc. (CARG)

Role: Director
Signature: /s/ Kathleen Patton, as attorney-in-fact
Stock symbol: CARG
Transactions as of: Jun 2, 2021
Transactions value $: -$106,587
Form type: 4
Date filed: 6/2/2021, 06:45 PM
Next filing: Jun 9, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CARG	Class A Common Stock	Sale	-$107K	-3.9K	-26.1%	$27.33	11K	Jun 2, 2021	Direct
transaction	CARG	Class A Common Stock	Award	$0	+5.5K	+58.32%	$0.00	14.9K	Jun 2, 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).