Langley Steinert - 18 Dec 2024 Form 4 Insider Report for CarGurus, Inc. (CARG)

Signature
/s/ Suzanne Murray, as attorney-in-fact
Issuer symbol
CARG
Transactions as of
18 Dec 2024
Net transactions value
-$5,538,940
Form type
4
Filing time
20 Dec 2024, 16:47:46 UTC
Previous filing
18 Dec 2024
Next filing
23 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARG Class A Common Stock Sale $664,547 -18,239 -1.7% $36.44 1,025,036 18 Dec 2024 Direct F1, F2
transaction CARG Class A Common Stock Sale $999,843 -26,451 -2.6% $37.80 998,585 18 Dec 2024 Direct F1, F3
transaction CARG Class A Common Stock Sale $27,272 -716 -0.07% $38.09 997,869 18 Dec 2024 Direct F1, F4
transaction CARG Class A Common Stock Sale $73,818 -2,026 -3% $36.44 65,696 18 Dec 2024 See Footnote F1, F5, F6
transaction CARG Class A Common Stock Sale $111,056 -2,938 -4.5% $37.80 62,758 18 Dec 2024 See Footnote F1, F6, F7
transaction CARG Class A Common Stock Sale $3,009 -79 -0.13% $38.09 62,679 18 Dec 2024 See Footnote F1, F6, F8
transaction CARG Class A Common Stock Sale $1,640,119 -45,203 -4.5% $36.28 952,666 19 Dec 2024 Direct F1, F9
transaction CARG Class A Common Stock Sale $7,507 -203 -0.02% $36.98 952,463 19 Dec 2024 Direct F1, F10
transaction CARG Class A Common Stock Sale $182,179 -5,021 -8% $36.28 57,658 19 Dec 2024 See Footnote F1, F6, F11
transaction CARG Class A Common Stock Sale $814 -22 -0.04% $36.98 57,636 19 Dec 2024 See Footnote F1, F6, F12
transaction CARG Class A Common Stock Sale $1,645,968 -45,406 -4.8% $36.25 907,057 20 Dec 2024 Direct F1, F13
transaction CARG Class A Common Stock Sale $182,809 -5,043 -8.7% $36.25 52,593 20 Dec 2024 See Footnote F1, F6, F14
* 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 sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.08 to $37.07 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.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.08 to $38.07 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 $38.08 to $38.105 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 $36.08 to $37.07 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 These shares are owned directly by The Langley Steinert Irrevocable Family Trust dated June 21, 2004, of which the Reporting Person's children are the beneficiaries. The Reporting Person may be deemed to have indirect ownership over such shares, but expressly disclaims beneficial ownership of such shares.
F7 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.08 to $38.07 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.
F8 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.08 to $38.105 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.
F9 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.96 to $36.95 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.
F10 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.96 to $36.98 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.
F11 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.96 to $36.95 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.
F12 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.96 to $36.98 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.
F13 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.848 to $36.574 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.
F14 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.848 to $36.574 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.