Dafna Sarnoff - 01 Apr 2024 Form 4 Insider Report for CarGurus, Inc. (CARG)

Signature
/s/ Suzanne Murray, as attorney-in-fact
Issuer symbol
CARG
Transactions as of
01 Apr 2024
Net transactions value
-$284,936
Form type
4
Filing time
03 Apr 2024, 17:15:55 UTC
Previous filing
19 Mar 2024
Next filing
04 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARG Class A Common Stock Sale $99,095 -4,301 -2.6% $23.04 163,798 01 Apr 2024 Direct F1
transaction CARG Class A Common Stock Tax liability $89,240 -3,880 -2.4% $23.00 159,918 01 Apr 2024 Direct F2
transaction CARG Class A Common Stock Sale $96,600 -4,301 -2.7% $22.46 155,617 02 Apr 2024 Direct F1
* 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 sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 Shares withheld for payment of tax liability upon vesting of restricted stock units.