Samuel Zales - 08 Nov 2024 Form 4 Insider Report for CarGurus, Inc. (CARG)

Role
COO and President
Signature
/s/ Suzanne Murray, as attorney-in-fact
Issuer symbol
CARG
Transactions as of
08 Nov 2024
Net transactions value
-$131,004
Form type
4
Filing time
12 Nov 2024, 16:12:03 UTC
Previous filing
18 Oct 2024
Next filing
20 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARG Class A Common Stock Options Exercise $562,887 +15,807 +3.5% $35.61 465,628 08 Nov 2024 Direct F1
transaction CARG Class A Common Stock Sale $178,878 -4,950 -1.1% $36.14 460,678 08 Nov 2024 Direct F2, F3
transaction CARG Class A Common Stock Sale $409,635 -10,857 -2.4% $37.73 449,821 08 Nov 2024 Direct F2, F4
transaction CARG Class A Common Stock Options Exercise $4,227,263 +118,710 +26% $35.61 568,531 11 Nov 2024 Direct F1
transaction CARG Class A Common Stock Sale $4,332,642 -118,710 -21% $36.50 449,821 11 Nov 2024 Direct F2, F5

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 Stock Option Options Exercise $0 -15,807 -11% $0.000000 128,567 08 Nov 2024 Class A Common Stock 15,807 $35.61 Direct F1, F6
transaction CARG Stock Option Options Exercise $0 -118,710 -92% $0.000000 9,857 11 Nov 2024 Class A Common Stock 118,710 $35.61 Direct F1, F6
* 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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.00 to $36.36 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the U.S. Securities and Exchange Commission, the Issuer or any security holder of the Issuer.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.31 to $37.88 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the U.S. Securities and Exchange Commission, the Issuer or any security holder of the Issuer.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.00 to $36.745 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the U.S. Securities and Exchange Commission, the Issuer or any security holder of the Issuer.
F6 Subject to the Reporting Person's continuous service as an employee of the Issuer, 6.25% of the shares underlying the stock option vested and became exercisable on April 1, 2021 and 6.25% of the shares underlying the stock option will vest and become exercisable (or have vested and became exercisable, as applicable) on the last day of each three-month period thereafter until January 1, 2025. Such vesting may be accelerated in connection with a Change of Control (as defined in the Issuer's Omnibus Incentive Compensation Plan).