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

Signature
/s/ Suzanne Murray, as attorney-in-fact
Issuer symbol
CARG
Transactions as of
16 May 2024
Net transactions value
-$434,103
Form type
4
Filing time
17 May 2024, 17:19:23 UTC
Previous filing
17 Apr 2024
Next filing
07 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARG Class A Common Stock Options Exercise $1,564 +9,778 +1.8% $0.1600* 558,623 16 May 2024 Direct F1
transaction CARG Class A Common Stock Sale $241,810 -9,778 -1.8% $24.73 548,845 16 May 2024 Direct F2
transaction CARG Class A Common Stock Options Exercise $1,262 +7,890 +1.4% $0.1600* 556,735 16 May 2024 Direct F1, F3
transaction CARG Class A Common Stock Sale $195,120 -7,890 -1.4% $24.73 548,845 16 May 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 -9,778 -100% $0.000000* 0 16 May 2024 Class A Common Stock 9,778 $0.1600 Direct F1, F4
transaction CARG Employee Stock Option (Right to Buy) Options Exercise $0 -7,890 -6% $0.000000 123,674 16 May 2024 Class B Common Stock 7,890 $0.1600 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.