CarGurus (NASDAQ: CARG) officer plans $365K stock sale
Rhea-AI Filing Summary
CarGurus, Inc. (CARG) has an officer, Samuel Zales, filing a Rule 144 notice covering a proposed sale of up to 10,000 Class A shares of CarGurus common stock. The shares, valued at approximately $365,000, are to be sold through Fidelity Brokerage Services LLC on NASDAQ and arise from restricted stock vesting dated January 2, 2026, with the planned sale by August 28, 2026.
Positive
- None.
Negative
- None.
Key Figures
Shares to be sold: 10,000 Class A shares
Aggregate market value: $365,000.00
Acquisition date of shares: 01/02/2026
+1 more
4 metrics
Shares to be sold
10,000 Class A shares
Maximum number of CarGurus, Inc. shares covered by the Rule 144 notice
Aggregate market value
$365,000.00
Listed value for the 10,000 Class A shares to be sold
Acquisition date of shares
01/02/2026
Date of restricted stock vesting for the shares to be sold
Planned sale date
08/28/2026
Expected date for the Rule 144 sale of the shares
Key Terms
Rule 144, Restricted Stock Vesting, attorney-in-fact
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Vesting financial
"Class A | 01/02/2026 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
attorney-in-fact regulatory
"as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
What does the Form 144 filing disclose for CarGurus, Inc. (CARG)?
It discloses that officer Samuel Zales has filed a Rule 144 notice to sell up to 10,000 Class A shares of CarGurus, Inc. common stock through Fidelity Brokerage Services LLC on NASDAQ, with an indicated aggregate value of about $365,000.
AI-generated analysis. How Rhea-AI works. Not financial advice.