Langley Steinert - 28 Mar 2025 Form 4 Insider Report for CarGurus, Inc. (CARG)

Signature
/s/ Suzanne Murray, as attorney-in-fact
Issuer symbol
CARG
Transactions as of
28 Mar 2025
Net transactions value
-$1,459,911
Form type
4
Filing time
01 Apr 2025, 16:53:16 UTC
Previous filing
28 Mar 2025
Next filing
03 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARG Class A Common Stock Sale $553,215 -19,163 -1.9% $28.87 995,404 28 Mar 2025 Direct F1, F2
transaction CARG Class A Common Stock Sale $43,818 -1,477 -0.15% $29.67 993,927 28 Mar 2025 Direct F1, F3
transaction CARG Class A Common Stock Sale $61,404 -2,127 -3.8% $28.87 54,306 28 Mar 2025 See Footnote F1, F2, F4
transaction CARG Class A Common Stock Sale $4,865 -164 -0.3% $29.67 54,142 28 Mar 2025 See Footnote F1, F3, F4
transaction CARG Class A Common Stock Sale $308,940 -10,785 -1.1% $28.65 983,142 31 Mar 2025 Direct F1, F5
transaction CARG Class A Common Stock Sale $287,945 -9,855 -1% $29.22 973,287 31 Mar 2025 Direct F1, F6
transaction CARG Class A Common Stock Sale $34,260 -1,196 -2.2% $28.65 52,946 31 Mar 2025 See Footnote F1, F4, F5
transaction CARG Class A Common Stock Sale $31,994 -1,095 -2.1% $29.22 51,851 31 Mar 2025 See Footnote F1, F4, F6
transaction CARG Class A Common Stock Sale $119,454 -4,108 -0.42% $29.08 969,179 01 Apr 2025 Direct F1, F7
transaction CARG Class A Common Stock Sale $14,016 -482 -0.93% $29.08 51,369 01 Apr 2025 See Footnote F1, F4, F7
* 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 $28.5569 to $29.5568 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 $29.5569 to $29.81 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 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.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.02 to $29.0199 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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.02 to $29.39 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.
F7 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.82 to $29.37 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.