Jason Trevisan - Jun 30, 2023 Form 4 Insider Report for CarGurus, Inc. (CARG)

Role
Chief Executive Officer, Director
Signature
Javier Zamora, as attorney-in-fact
Stock symbol
CARG
Transactions as of
Jun 30, 2023
Transactions value $
-$522,142
Form type
4
Date filed
7/3/2023, 04:23 PM
Previous filing
Apr 3, 2023
Next filing
Oct 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARG Class A Common Stock Tax liability -$522K -23.1K -3.52% $22.63 632K Jun 30, 2023 Direct F1
holding CARG Class A Common Stock 62.6K Jun 30, 2023 See Footnote F2, F3
holding CARG Class A Common Stock 17.4K Jun 30, 2023 See Footnote F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld for payment of tax liability upon vesting of restricted stock units.
F2 On June 26, 2023, the Trevisan 2021 Grantor Retained Annuity Trust dated March 12, 2021 (the "GRAT") distributed 33,352 shares of the Issuer's Class A Common Stock as an annuity payment to the Jason Trevisan 2019 Family Trust dated July 23, 2019 (the "Family Trust").
F3 These shares are held directly by the Family Trust, of which the Reporting Person is trustee. The Reporting Person and members of his immediate family are the beneficiaries of the Family Trust.
F4 These shares are held directly by the GRAT, of which the Reporting Person is trustee. The Reporting Person's children are the beneficiaries of the GRAT.