Elisa Palazzo - Dec 4, 2023 Form 4 Insider Report for CarGurus, Inc. (CARG)

Role: CFO and Treasurer
Signature: /s/ Suzanne Murray, as attorney-in-fact
Stock symbol: CARG
Transactions as of: Dec 4, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/5/2023, 04:05 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CARG	Class A Common Stock	Award	$0	+91.6K		$0.00	91.6K	Dec 4, 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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, 25% of the RSUs will vest on December 4, 2024 and 6.25% of the RSUs will vest on the last day of each three-month period thereafter until December 4, 2027. 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")).

Content

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, 25% of the RSUs will vest on December 4, 2024 and 6.25% of the RSUs will vest on the last day of each three-month period thereafter until December 4, 2027. 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")).