Samuel Zales - Mar 18, 2022 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
Mar 18, 2022
Transactions value $
-$15,653
Form type
4
Date filed
3/21/2022, 04:05 PM
Previous filing
Mar 18, 2022
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARG Class A Common Stock Options Exercise $59.4K +1.67K +0.4% $35.61 416K Mar 18, 2022 Direct F1
transaction CARG Class A Common Stock Sale -$75K -1.67K -0.4% $45.00 414K Mar 18, 2022 Direct F2

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 Stock Option Options Exercise $0 -1.67K -1.14% $0.00 144K Mar 18, 2022 Class A Common Stock 1.67K $35.61 Direct F1, F3
* 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 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F3 Subject to the Reporting Person's continuous service as an employee of the Issuer, 6.25% of the shares underlying the stock option vested and became exercisable on April 1, 2021 and 6.25% of the shares underlying the stock option will vest and become exercisable (or have vested and became exercisable, as applicable) on the last day of each three-month period thereafter until January 1, 2025. Such vesting may be accelerated in connection with a Change of Control (as defined in the Issuer's Omnibus Incentive Compensation Plan).