Samuel Zales - 02 Jan 2025 Form 4 Insider Report for CarGurus, Inc. (CARG)

Signature
/s/ Suzanne Murray, as attorney-in-fact
Issuer symbol
CARG
Transactions as of
02 Jan 2025
Net transactions value
-$538,617
Form type
4
Filing time
06 Jan 2025, 16:19:28 UTC
Previous filing
18 Dec 2024
Next filing
04 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARG Class A Common Stock Options Exercise $351,008 +9,857 +2.3% $35.61 444,678 02 Jan 2025 Direct F1
transaction CARG Class A Common Stock Sale $360,963 -9,857 -2.2% $36.62 434,821 02 Jan 2025 Direct F2
transaction CARG Class A Common Stock Tax liability $528,661 -14,796 -3.4% $35.73 420,025 02 Jan 2025 Direct F3

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 -9,857 -100% $0.000000 0 02 Jan 2025 Class A Common Stock 9,857 $35.61 Direct F1, F4
* 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 Shares withheld for payment of tax liability upon vesting of restricted stock units.
F4 This option is fully vested and exercisable.