Zachary Emerson Hallowell - Dec 1, 2023 Form 3 Insider Report for CarGurus, Inc. (CARG)

Signature
/s/ Suzanne Murray, as attorney-in-fact
Stock symbol
CARG
Transactions as of
Dec 1, 2023
Transactions value $
$0
Form type
3
Date filed
12/4/2023, 05:04 PM
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CARG Class A Common Stock 156K Dec 1, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The total reported in column 2 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. Subject to the Reporting Person's continuous service as an employee of the Issuer, such RSUs will vest as follows: (i) 25% of the 100,334 RSUs initially granted to the Reporting Person will vest on October 16, 2024 and 6.25% of the RSUs will vest on the last day of each three-month period thereafter until October 16, 2027; and (ii) 12.5% of the 55,741 RSUs initially granted to the Reporting Person will vest on January 1, 2024 and every quarter thereafter until October 1, 2025. Such vesting may be accelerated in connection with a Change of Control (as defined in the Issuer's Omnibus Incentive Compensation Plan (the "2017 Plan")).

Remarks:

Exhibit 24 - Power of Attorney