[144] CarGurus, Inc. SEC Filing

Rhea-AI Filing Summary

CarGurus (CARG) insider sale notification: This Form 144 shows that Dafna Sarnoff intends to sell 1,346 Class A shares through Fidelity Brokerage Services, with an aggregate market value reported as $45,831.30 and an approximate sale date of 09/02/2025 on NASDAQ. The shares were acquired on 08/29/2025 through restricted stock vesting and were issued as compensation. The filer reported two prior Class A sales in the past three months: 1,346 shares sold 06/09/2025 for $43,596.94 and 4,168 shares sold 07/02/2025 for $137,919.12. The form includes the required certification about material nonpublic information and compliance with Rule 144.

Insights

Securities Analyst

TL;DR: Insider sale is routine, arising from vested compensation and reported under Rule 144; scale is immaterial versus total shares outstanding.

The filing documents a planned sale of 1,346 Class A shares by Dafna Sarnoff via Fidelity, sourced from restricted stock vesting on 08/29/2025 and designated as compensation. Prior sales in June and July 2025 total 5,514 shares with gross proceeds of $181,515.06. Against the reported 85,043,939 shares outstanding, these transactions represent a tiny fraction of the float, suggesting limited immediate dilution or market impact. The disclosure appears procedurally complete for a Rule 144 transaction.

Corporate Governance Expert

TL;DR: Disclosure meets Rule 144 form requirements; insider attests no material nonpublic information and indicates compensation-origin shares.

The notice identifies the nature of acquisition as "Restricted Stock Vesting" and lists the broker and sale timing, fulfilling standard governance transparency for insider dispositions. Repeated sales by the same individual in the past three months are disclosed, which is relevant for stakeholder scrutiny but are not, by themselves, indicative of governance breaches. The signed certification language is present, aligning with compliance norms for insider reporting.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	1346	45831.30	85043939	09/02/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A	08/29/2025	Restricted Stock Vesting	Issuer			1346	08/29/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Dafna Sarnoff 1001 Boylston Street 16th Floor Boston MA 02115	Class A	06/09/2025	1346	43596.94
Dafna Sarnoff 1001 Boylston Street 16th Floor Boston MA 02115	Class A	07/02/2025	4168	137919.12

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What is being sold according to the CARG Form 144?

The notice reports sale of 1,346 Class A shares through Fidelity Brokerage Services with an aggregate market value of $45,831.30.

Who is the seller named on the filing for CARG?

The seller is identified as Dafna Sarnoff with the address provided on the form.

When were the shares acquired that are to be sold?

The shares were acquired via restricted stock vesting on 08/29/2025 and the payment/nature is listed as compensation.

Were there any recent related sales by the same person?

Yes. The filer reported selling 1,346 shares on 06/09/2025 for $43,596.94 and 4,168 shares on 07/02/2025 for $137,919.12.

On which exchange is the planned sale expected to occur?

The filing lists NASDAQ as the securities exchange for the planned sale, with an approximate sale date of 09/02/2025.