CarGurus (CARG) CTO sells shares in pre-set 10b5-1 stock trade

Rhea-AI Filing Summary

CarGurus, Inc. Chief Technology Officer Matthew Todd Quinn reported an open-market sale of 4,341 shares of Class A Common Stock at $33.04 per share. The transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

After this sale, Quinn directly holds 246,098 shares of CarGurus Class A Common Stock, indicating the sale represents a relatively small portion of his overall disclosed holdings.

Insider Trade Summary 10b5-1

Net Seller: 4,341 shares ($143,427)

Net Sell 1 txn

Insider Quinn Matthew Todd

Role Chief Technology Officer

Sold 4,341 shs ($143K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	4,341	$33.04	$143K

Holdings After Transaction: Class A Common Stock — 246,098 shares (Direct)

Footnotes (1)

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Key Figures

Shares sold: 4,341 shares Sale price per share: $33.04 per share Shares held after sale: 246,098 shares +1 more

4 metrics

Shares sold 4,341 shares Open-market sale of Class A Common Stock

Sale price per share $33.04 per share Price for the 4,341 shares sold

Shares held after sale 246,098 shares Direct Class A Common Stock holdings after transaction

Net shares sold 4,341 shares Net sell direction in transaction summary

Key Terms

Rule 10b5-1 trading plan, open-market sale, Class A Common Stock

3 terms

Rule 10b5-1 trading plan financial

"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.

open-market sale financial

"transaction_action: "open-market sale""

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""

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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Quinn Matthew Todd

(Last) (First) (Middle)

1001 BOYLSTON STREET

16TH FLOOR

(Street)

BOSTON MASSACHUSETTS 02115

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CarGurus, Inc. [ CARG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Technology Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	04/02/2026		S(1)		4,341	D	$33.04	246,098	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

	/s/ Suzanne Murray, as attorney-in-fact	04/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did CarGurus (CARG) disclose for Matthew Todd Quinn?

CarGurus reported that Chief Technology Officer Matthew Todd Quinn sold 4,341 shares of Class A Common Stock at $33.04 per share. This open-market sale was disclosed on a Form 4 and reflects a routine insider transaction recorded for regulatory transparency.

How many CarGurus (CARG) shares does the CTO hold after this Form 4 sale?

Following the reported sale, Chief Technology Officer Matthew Todd Quinn holds 246,098 shares of CarGurus Class A Common Stock directly. This shows that the 4,341 shares sold represent a small fraction of his overall reported equity position in the company.

Was the CarGurus (CARG) CTO’s share sale under a Rule 10b5-1 plan?

Yes. The filing states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. Such plans pre-schedule trades, helping separate routine portfolio management from discretionary timing decisions based on short-term market movements.

What price did the CarGurus (CARG) CTO receive per share in the reported sale?

The Form 4 shows that Matthew Todd Quinn’s 4,341 shares of CarGurus Class A Common Stock were sold at an average price of $33.04 per share. This price reflects the transaction terms reported for that specific trading date in the insider filing.

Does this CarGurus (CARG) Form 4 involve derivative securities or only common stock?

The reported transaction involves only Class A Common Stock, classified as a non-derivative security. The derivative summary section is empty, indicating no option exercises, warrant conversions, or other derivative transactions were disclosed in connection with this particular Form 4 filing.