CarGurus officer sells 2,499 shares under 10b5-1 plan
CarGurus, Inc. Chief People Officer Jennifer Ladd Hanson reported routine share activity involving restricted stock units and a small open-market sale.
Rhea-AI Filing Summary
CarGurus, Inc. Chief People Officer Jennifer Ladd Hanson reported routine share activity involving restricted stock units and a small open-market sale. On June 30 and July 1, a total of 2,231 shares of Class A Common Stock were withheld to cover tax liabilities upon RSU vesting at prices around $34–$35 per share. She also completed an open-market sale of 2,499 shares on July 1 at $34.56 per share under a pre-arranged Rule 10b5-1 trading plan. Following these transactions, she directly holds 91,702 shares of CarGurus Class A Common Stock.
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Insider Trade Summary 10b5-1
Net Seller: 2,499 shares
Net Sell
3 txns
Insider
Hanson Jennifer Ladd
Role
Chief People Officer
Sold
2,499 shs ($86K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 2,499 | $34.56 | $86K |
| Exercise Price or Tax Liability | Class A Common Stock | 1,192 | $35.14 | $42K |
| Exercise Price or Tax Liability | Class A Common Stock | 1,039 | $34.09 | $35K |
Holdings After Transaction:
Class A Common Stock — 91,702 shares (Direct)
Footnotes (2)
- F1. Shares withheld for payment of tax liability upon vesting of restricted stock units.
- F2. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
Key Figures
Open-market shares sold: 2,499 shares
Sale price: $34.56/share
RSU tax-withholding shares: 2,231 shares
+3 more
6 metrics
Open-market shares sold
2,499 shares
Class A Common Stock sale at $34.56 per share on July 1, 2026
Sale price
$34.56/share
Open-market sale of 2,499 Class A shares
RSU tax-withholding shares
2,231 shares
Shares withheld for tax liabilities on June 30 and July 1, 2026
Tax-withholding prices
$34.09–$35.14/share
F-coded dispositions tied to RSU vesting
Shares held after transactions
91,702 shares
Direct holdings of Class A Common Stock following latest reported transaction
Net open-market direction
2,499 shares sold
Net buy/sell shares in transaction summary marked net-sell
Key Terms
restricted stock units, Rule 10b5-1 trading plan, tax-withholding disposition, open-market sale, +1 more
5 terms
restricted stock units financial
"Shares withheld for payment of tax liability upon vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 10b5-1 trading plan regulatory
"This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for F-coded transactions"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
open-market sale financial
"transaction_action: open-market sale for the S-coded transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Class A Common Stock financial
"security_title: Class A Common Stock for all reported transactions"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CarGurus (CARG) report for Jennifer Ladd Hanson?
CarGurus Chief People Officer Jennifer Ladd Hanson reported tax-related share withholdings and a small open-market sale. Two transactions withheld 2,231 shares for RSU tax liabilities, and one sale disposed of 2,499 Class A shares on the open market at $34.56 per share.
Does the CarGurus (CARG) Form 4 indicate use of a Rule 10b5-1 trading plan?
Yes. The Form 4 footnotes state that the 2,499-share open-market sale was effected pursuant to a Rule 10b5-1 trading plan. Such plans pre-schedule trades, making the timing more routine and less indicative of discretionary market timing by the insider.
AI-generated analysis. How Rhea-AI works. Not financial advice.
