Jason Trevisan - Mar 14, 2025 Form 4 Insider Report for CarGurus, Inc. (CARG)

Signature
/s/ Suzanne Murray, as attorney-in-fact
Stock symbol
CARG
Transactions as of
Mar 14, 2025
Transactions value $
$0
Form type
4
Date filed
3/18/2025, 05:48 PM
Previous filing
Feb 28, 2025
Next filing
Apr 3, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARG Class A Common Stock Gift $0 -200K -26.81% $0.00 546K Mar 14, 2025 Direct F1
transaction CARG Class A Common Stock Gift $0 +200K $0.00 200K Mar 14, 2025 See Footnote F1, F2
transaction CARG Class A Common Stock Award $0 +209K +38.24% $0.00 755K Mar 17, 2025 Direct F3
holding CARG Class A Common Stock 80K Mar 14, 2025 See Footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 14, 2025, the Reporting Person transferred 200,000 shares of the Issuer's Class A Common Stock to the Trevisan 2025 Grantor Retained Annuity Trust dated March 13, 2025 (the "GRAT"), of which the Reporting Person is trustee. The Reporting Person's children are the beneficiaries of the GRAT.
F2 These shares are held directly by the Trevisan 2025 GRAT, of which the Reporting Person is trustee. The Reporting Person's children are the beneficiaries of the GRAT.
F3 Represents shares issuable upon settlement of restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. Subject to the Reporting Person's continuous service as an employee of the Issuer, 6.25% of the RSUs will vest on April 1, 2025 and 6.25% of the RSUs will vest on the first day of each three-month period thereafter until January 1, 2029. Such vesting may be accelerated in connection with a Change of Control (as defined in the Issuer's Omnibus Incentive Compensation Plan).
F4 These shares are held directly by the Jason Trevisan 2019 Family Trust dated July 23, 2019 (the "Family Trust"), of which the Reporting Person is trustee. The Reporting Person and members of his immediate family are the beneficiaries of the Family Trust.