Samuel Zales - Nov 15, 2021 Form 4 Insider Report for CarGurus, Inc. (CARG)

Role
COO and President
Signature
/s/ Josh Goldstein, as attorney-in-fact
Stock symbol
CARG
Transactions as of
Nov 15, 2021
Transactions value $
-$383,109
Form type
4
Date filed
11/16/2021, 03:31 PM
Previous filing
Oct 18, 2021
Next filing
Dec 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARG Class A Common Stock Options Exercise $1.6K +10K +2.83% $0.16* 364K Nov 15, 2021 Direct F1, F2
transaction CARG Class A Common Stock Sale -$264K -6.92K -1.9% $38.12 357K Nov 15, 2021 Direct F3, F4
transaction CARG Class A Common Stock Sale -$121K -3.08K -0.86% $39.26 354K Nov 15, 2021 Direct F3, F5

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
transaction CARG Employee Stock Option (Right to Buy) Options Exercise $0 -10K -4.51% $0.00 212K Nov 15, 2021 Class B Common Stock 10K $0.16 Direct F1, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This stock option exercise was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 Represents the conversion of Class B common stock into Class A common stock at the Reporting Person's election.
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 $37.82 to $38.68 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 $38.86 to $39.49 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 Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.
F7 This option is fully vested and exercisable.