Ian G. Smith - 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 $: $0
Form type: 4
Date filed: 6/2/2021, 06:49 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	Award	$0	+5.5K	+4.26%	$0.00	135K	Jun 2, 2021	Direct	F1, F2

* 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 (the "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).
F2	The Reporting Person is a managing director of Allen & Company LLC ("Allen"). On March 1, 2021, for no consideration, Allen distributed shares of the Issuer's Common Stock to all of its members on a pro-rata basis, including 47,890 shares of the Issuer's Common Stock to the Reporting Person. The aforementioned distribution was made in accordance with the exemption afforded by Rule 16a-9 of the Securities Exchange Act of 1934, as amended.

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 (the "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).

The Reporting Person is a managing director of Allen & Company LLC ("Allen"). On March 1, 2021, for no consideration, Allen distributed shares of the Issuer's Common Stock to all of its members on a pro-rata basis, including 47,890 shares of the Issuer's Common Stock to the Reporting Person. The aforementioned distribution was made in accordance with the exemption afforded by Rule 16a-9 of the Securities Exchange Act of 1934, as amended.