Samuel Zales - Feb 7, 2024 Form 4 Insider Report for CarGurus, Inc. (CARG)

Role: COO and President
Signature: /s/ Suzanne Murray, as attorney-in-fact
Stock symbol: CARG
Transactions as of: Feb 7, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/9/2024, 05:09 PM
Previous filing: Jan 4, 2024
Next filing: Mar 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CARG	Class A Common Stock	Award	$0	+165K	+41.32%	$0.00	565K	Feb 7, 2024	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, such RSUs will vest as follows: (i) 4.17% of the RSUs will vest on April 1, 2024 and on the first day of each three-month period thereafter until October 1, 2024; (ii) 9.37% of the RSUs will vest on January 1, 2025 and on the first day of each three-month period thereafter until July 1, 2025; (iii) 9.38% of the RSUs will vest on October 1, 2025; and (iv) 6.25% of the RSUs will vest on January 1, 2026 and on the first day of each three-month period thereafter until October 1, 2027. Such vesting may be accelerated in connection with a Change of Control (as defined in the Issuer's Omnibus Incentive Compensation 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, such RSUs will vest as follows: (i) 4.17% of the RSUs will vest on April 1, 2024 and on the first day of each three-month period thereafter until October 1, 2024; (ii) 9.37% of the RSUs will vest on January 1, 2025 and on the first day of each three-month period thereafter until July 1, 2025; (iii) 9.38% of the RSUs will vest on October 1, 2025; and (iv) 6.25% of the RSUs will vest on January 1, 2026 and on the first day of each three-month period thereafter until October 1, 2027. Such vesting may be accelerated in connection with a Change of Control (as defined in the Issuer's Omnibus Incentive Compensation Plan).