Samuel Zales - 29 Feb 2024 Form 4 Insider Report for CarGurus, Inc. (CARG)

Signature
/s/ Suzanne Murray, as attorney-in-fact
Issuer symbol
CARG
Transactions as of
29 Feb 2024
Net transactions value
-$389,756
Form type
4
Filing time
04 Mar 2024, 17:27:43 UTC
Previous filing
09 Feb 2024
Next filing
19 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARG Class A Common Stock Options Exercise $2,827 +17,668 +3.1% $0.1600* 582,277 29 Feb 2024 Direct F1
transaction CARG Class A Common Stock Sale $392,583 -17,668 -3% $22.22 564,609 29 Feb 2024 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 Employee Stock Option (Right to Buy) Options Exercise $0 -17,668 -28% $0.000000 45,114 29 Feb 2024 Class A Common Stock 17,668 $0.1600 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 This option is fully vested and exercisable.