Samuel Zales - May 16, 2024 Form 4 Insider Report for CarGurus, Inc. (CARG)

Signature
/s/ Suzanne Murray, as attorney-in-fact
Stock symbol
CARG
Transactions as of
May 16, 2024
Transactions value $
-$434,103
Form type
4
Date filed
5/17/2024, 05:19 PM
Previous filing
Apr 17, 2024
Next filing
Jun 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARG Class A Common Stock Options Exercise $1.56K +9.78K +1.78% $0.16* 559K May 16, 2024 Direct F1
transaction CARG Class A Common Stock Sale -$242K -9.78K -1.75% $24.73 549K May 16, 2024 Direct F2
transaction CARG Class A Common Stock Options Exercise $1.26K +7.89K +1.44% $0.16* 557K May 16, 2024 Direct F1, F3
transaction CARG Class A Common Stock Sale -$195K -7.89K -1.42% $24.73 549K May 16, 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 -9.78K -100% $0.00* 0 May 16, 2024 Class A Common Stock 9.78K $0.16 Direct F1, F4
transaction CARG Employee Stock Option (Right to Buy) Options Exercise $0 -7.89K -6% $0.00 124K May 16, 2024 Class B Common Stock 7.89K $0.16 Direct F1, F4, F5
* 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 Represents the conversion of Class B common stock into Class A common stock at the Reporting Person's election.
F4 This option is fully vested and exercisable.
F5 Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.