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

Role
Chief Executive Officer, Director
Signature
/s/ Suzanne Murray, as attorney-in-fact
Issuer symbol
CARG
Transactions as of
14 May 2025
Net transactions value
-$267,280
Form type
4
Filing time
15 May 2025, 16:01:43 UTC
Previous filing
03 Apr 2025
Next filing
03 Jul 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Trevisan Jason Chief Executive Officer, Director 1001 BOYLSTON STREET, 16TH FLOOR, BOSTON /s/ Suzanne Murray, as attorney-in-fact 15 May 2025 0001718636

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARG Class A Common Stock Sale $267,280 -8,000 -1.1% $33.41 728,047 14 May 2025 Direct F1
holding CARG Class A Common Stock 80,000 14 May 2025 See Footnote F2
holding CARG Class A Common Stock 200,000 14 May 2025 See Footnote F3
* 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 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.
F3 These shares are held directly by 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.