Langley Steinert - May 1, 2025 Form 4 Insider Report for CarGurus, Inc. (CARG)

Role
Executive Chair, Director, 10%+ Owner
Signature
/s/ Suzanne Murray, as attorney-in-fact
Stock symbol
CARG
Transactions as of
May 1, 2025
Transactions value $
-$1,888,294
Form type
4
Date filed
5/5/2025, 05:14 PM
Previous filing
Apr 30, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Steinert Langley Executive Chair, Director, 10%+ Owner 1001 BOYLSTON STREET, 16TH FLOOR, BOSTON /s/ Suzanne Murray, as attorney-in-fact 2025-05-05 0001719138

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARG Class A Common Stock Sale -$536K -19.1K -2.23% $28.13 835K May 1, 2025 Direct F1, F2
transaction CARG Class A Common Stock Sale -$59.5K -2.12K -5.3% $28.13 37.8K May 1, 2025 See Footnote F1, F2, F3
transaction CARG Class A Common Stock Sale -$581K -20.6K -2.47% $28.13 815K May 2, 2025 Direct F1, F4
transaction CARG Class A Common Stock Sale -$64.4K -2.29K -6.06% $28.13 35.5K May 2, 2025 See Footnote F1, F3, F4
transaction CARG Class A Common Stock Sale -$583K -20.6K -2.53% $28.23 794K May 5, 2025 Direct F1, F5
transaction CARG Class A Common Stock Sale -$64.7K -2.29K -6.46% $28.23 33.2K May 5, 2025 See Footnote F1, F3, F5
* 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 $27.89 to $28.428 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 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.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.465 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.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.85 to $28.49 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.