Langley Steinert - 22 Sep 2021 Form 4 Insider Report for CarGurus, Inc. (CARG)

Signature
/s/ Kathleen Patton, as attorney-in-fact
Issuer symbol
CARG
Transactions as of
22 Sep 2021
Net transactions value
-$2,182,779
Form type
4
Filing time
05 Oct 2021, 17:55:27 UTC
Previous filing
22 Sep 2021
Next filing
06 Oct 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARG Class A Common Stock Gift $0 -369,963 -28% $0.000000 955,831 22 Sep 2021 Direct F1
transaction CARG Class A Common Stock Tax liability $202,363 -6,217 -0.66% $32.55 930,132 01 Oct 2021 Direct F2
transaction CARG Class A Common Stock Sale $398,293 -12,354 -1.3% $32.24 917,778 01 Oct 2021 Direct F3, F4
transaction CARG Class A Common Stock Sale $511,857 -15,634 -1.7% $32.74 902,144 01 Oct 2021 Direct F3, F5
transaction CARG Class A Common Stock Sale $44,266 -1,373 -1.6% $32.24 82,065 01 Oct 2021 See Footnote F4, F6, F7
transaction CARG Class A Common Stock Sale $56,869 -1,737 -2.1% $32.74 80,328 01 Oct 2021 See Footnote F5, F6, F7
transaction CARG Class A Common Stock Sale $860,612 -27,628 -3.1% $31.15 874,516 04 Oct 2021 Direct F3, F8
transaction CARG Class A Common Stock Sale $11,599 -360 -0.04% $32.22 874,156 04 Oct 2021 Direct F3, F9
transaction CARG Class A Common Stock Sale $95,630 -3,070 -3.8% $31.15 77,258 04 Oct 2021 See Footnote F6, F7, F8
transaction CARG Class A Common Stock Sale $1,289 -40 -0.05% $32.22 77,218 04 Oct 2021 See Footnote F6, F7, F9
holding CARG Class A Common Stock 0 22 Sep 2021 See footnote F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 22, 2021, the Reporting Person transferred 369,963 shares of the Issuer's Class A common stock as a bona fide gift to a charitable family foundation.
F2 Shares withheld for payment of tax liability upon vesting of restricted stock units.
F3 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.60 to $32.59 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.60 to $33.06 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.
F6 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by The Langley Steinert Irrevocable Family Trust dated June 21, 2004.
F7 These shares are owned directly by The Langley Steinert Irrevocable Family Trust dated June 21, 2004, of which the Reporting Person's children are the beneficiaries. The Reporting Person may be deemed to have indirect ownership over such shares, but expressly disclaims beneficial ownership of such shares.
F8 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.95 to $31.94 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.
F9 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.95 to $32.37 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.
F10 The shares are owned directly by The Steinert Family Foundation, a family foundation, of which the Reporting Person is trustee. The Reporting Person is an indirect beneficial owner of the reported securities.