Matthew Todd Quinn - Jul 1, 2024 Form 4 Insider Report for CarGurus, Inc. (CARG)

Signature
/s/ Suzanne Murray, as attorney-in-fact
Stock symbol
CARG
Transactions as of
Jul 1, 2024
Transactions value $
-$273,253
Form type
4
Date filed
7/3/2024, 05:38 PM
Previous filing
Apr 3, 2024
Next filing
Oct 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARG Class A Common Stock Tax liability -$174K -6.97K -3.05% $24.98 221K Jul 1, 2024 Direct F1
transaction CARG Class A Common Stock Sale -$99.1K -3.98K -1.8% $24.91 217K Jul 2, 2024 Direct F2
* 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 Shares withheld for payment of tax liability upon vesting of restricted stock units.
F2 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.