Zachary Emerson Hallowell - Jan 2, 2025 Form 4 Insider Report for CarGurus, Inc. (CARG)

Signature
/s/ Suzanne Murray, as attorney-in-fact
Stock symbol
CARG
Transactions as of
Jan 2, 2025
Transactions value $
-$247,052
Form type
4
Date filed
1/6/2025, 04:13 PM
Previous filing
Nov 20, 2024
Next filing
Jan 21, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARG Class A Common Stock Tax liability -$83.2K -2.33K -1.83% $35.73 125K Jan 2, 2025 Direct F1
transaction CARG Class A Common Stock Sale -$164K -4.58K -3.67% $35.78 120K Jan 3, 2025 Direct F2
* 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 Shares withheld for payment of tax liability upon vesting of restricted stock units.
F2 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.