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

Signature
/s/ Suzanne Murray, as attorney-in-fact
Issuer symbol
CARG
Transactions as of
01 Oct 2024
Net transactions value
-$441,409
Form type
4
Filing time
03 Oct 2024, 17:09:58 UTC
Previous filing
04 Sep 2024
Next filing
03 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARG Class A Common Stock Tax liability $162,927 -5,495 -4.3% $29.65 123,457 01 Oct 2024 Direct F1
transaction CARG Class A Common Stock Sale $123,562 -4,127 -3.3% $29.94 119,330 01 Oct 2024 Direct F2
transaction CARG Class A Common Stock Sale $154,920 -5,264 -4.4% $29.43 114,066 02 Oct 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.