Samuel Zales - 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 $
-$538,617
Form type
4
Date filed
1/6/2025, 04:19 PM
Previous filing
Dec 18, 2024
Next filing
Feb 4, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARG Class A Common Stock Options Exercise $351K +9.86K +2.27% $35.61 445K Jan 2, 2025 Direct F1
transaction CARG Class A Common Stock Sale -$361K -9.86K -2.22% $36.62 435K Jan 2, 2025 Direct F2
transaction CARG Class A Common Stock Tax liability -$529K -14.8K -3.4% $35.73 420K Jan 2, 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 -9.86K -100% $0.00 0 Jan 2, 2025 Class A Common Stock 9.86K $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.