Samuel Zales - Nov 18, 2024 Form 4 Insider Report for CarGurus, Inc. (CARG)

Role
COO and President
Signature
/s/ Suzanne Murray, as attorney-in-fact
Stock symbol
CARG
Transactions as of
Nov 18, 2024
Transactions value $
-$888,875
Form type
4
Date filed
11/20/2024, 04:25 PM
Previous filing
Nov 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARG Class A Common Stock Options Exercise $2.83K +17.7K +3.93% $0.16 467K Nov 18, 2024 Direct F1, F2
transaction CARG Class A Common Stock Sale -$892K -25.2K -5.38% $35.43 442K Nov 18, 2024 Direct F3, F4

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 -17.7K -50% $0.00 17.7K Nov 18, 2024 Class B Common Stock 17.7K $0.16 Direct F1, F5, 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 Represents the conversion of Class B common stock into Class A common stock at the Reporting Person's election.
F3 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.27 to $35.89 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 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.
F6 This option is fully vested and exercisable.