CarGurus (NASDAQ: CARG) CEO reports RSU tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CarGurus, Inc. Chief Executive Officer Jason Trevisan reported a routine tax-withholding share disposition related to equity compensation. On the vesting of restricted stock units, 21,509 shares of Class A Common Stock were withheld to cover tax liabilities at a price of $35.14 per share. After this withholding, he holds 675,862 Class A shares directly, along with additional indirect holdings of 250,000, 79,672 and 80,000 shares through family and grantor retained annuity trusts.
Positive
- None.
Negative
- None.
Insights
Filing shows routine tax withholding on RSU vesting, not an open-market sale.
The report details an F-code transaction, meaning 21,509 shares of CarGurus, Inc. Class A Common Stock were withheld to satisfy tax obligations upon vesting of restricted stock units. Footnotes confirm the purpose as payment of tax liability, not discretionary selling.
Following the transaction, Jason Trevisan directly owns 675,862 Class A shares and also has sizable indirect positions through a family trust and 2025/2026 grantor retained annuity trusts. Given the tax-driven nature and the modest size relative to his total holdings, this appears to be a routine compensation-related adjustment with limited informational value.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Trevisan Jason
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 21,509 | $35.14 | $756K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 675,862 shares (Direct, null);
Class A Common Stock — 80,000 shares (Indirect, See Footnote)
Footnotes (1)
- Shares withheld for payment of tax liability upon vesting of restricted stock units. On June 11, 2026, the Trevisan 2025 Grantor Retained Annuity Trust dated March 13, 2025 (the "2025 GRAT") distributed 120,328 shares of the Issuer's Class A Common Stock as an annuity payment to the Reporting Person. On June 12, 2026, the Reporting Person transferred 250,000 shares of the Issuer's Class A Common Stock to the Trevisan 2026 Grantor Retained Annuity Trust dated June 8, 2026 (the "2026 GRAT"). 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. These shares are held directly by the 2025 GRAT, of which the Reporting Person is trustee. The Reporting Person's children are the beneficiaries of the 2025 GRAT. These shares are held directly by the 2026 GRAT, of which the Reporting Person is trustee. The Reporting Person's children are the beneficiaries of the 2026 GRAT.
Key Figures
Tax-withheld shares: 21,509 shares
Tax-withholding price: $35.14 per share
Direct holdings after transaction: 675,862 shares
+3 more
6 metrics
Tax-withheld shares
21,509 shares
Withheld for RSU tax liability at vesting
Tax-withholding price
$35.14 per share
Value used for RSU tax-withheld shares
Direct holdings after transaction
675,862 shares
Class A Common Stock directly owned post-withholding
Indirect trust holding 1
250,000 shares
Class A Common Stock held indirectly through a trust
Indirect trust holding 2
79,672 shares
Additional indirect Class A holdings via trust
Indirect trust holding 3
80,000 shares
Additional indirect Class A holdings via trust
Key Terms
restricted stock units, Grantor Retained Annuity Trust, tax-withholding disposition, Class A Common Stock, +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.
Grantor Retained Annuity Trust financial
"the Trevisan 2025 Grantor Retained Annuity Trust dated March 13, 2025 (the "2025 GRAT")"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
Class A Common Stock financial
"distributed 120,328 shares of the Issuer's Class A Common Stock as an annuity payment"
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.
Family Trust financial
"Jason Trevisan 2019 Family Trust dated July 23, 2019 (the "Family Trust")"
FAQ
What insider transaction did CarGurus (CARG) CEO Jason Trevisan report?
Jason Trevisan reported a tax-withholding disposition of 21,509 Class A shares. These shares were withheld to cover taxes due on restricted stock unit vesting, rather than sold in the open market, which makes the event largely administrative and compensation-related.
What do the indirect CarGurus (CARG) holdings in trusts represent for Jason Trevisan?
The indirect holdings represent shares held in a 2019 family trust and 2025 and 2026 grantor retained annuity trusts. Footnotes state Trevisan is trustee, with his immediate family or children as beneficiaries, so these positions reflect estate and family wealth planning structures.