[Form 4] CarGurus, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 highlights for ZimVie Inc. (ZIMV): Senior Vice President and Chief Commercial Officer Indraneel Kanaglekar reported an automatic share disposition on 07/01/2025 related to RSU tax withholding (transaction code F). Exactly 145 common shares were withheld at $9.61 per share to cover taxes upon vesting. Following the transaction, the insider still beneficially owns 62,851 shares, which now include 837 shares purchased through the company’s ESPP on 05/30/2025. No derivative securities were involved, and there was no open-market sale; the movement is strictly administrative. The filing indicates continued sizeable ownership by the executive, suggesting alignment with shareholders, while the 145-share reduction represents less than 0.25% of the reported holdings and is unlikely to exert market impact.

Insights

Financial Analyst

TL;DR: Minor administrative share withholding; insider retains 62.8k shares—neutral signal for investors.

The code F designation confirms the shares were surrendered solely to satisfy statutory tax on vested RSUs, not an elective sale. At a market value of roughly $1,394, the 145-share reduction is immaterial relative to both the executive’s stake and ZimVie’s average daily volume. Retention of >62 k shares, plus recent ESPP participation, indicates the officer maintains meaningful exposure to future upside. From a market-sentiment perspective, the filing neither strengthens nor weakens the investment thesis; it is best viewed as routine compliance.

Corporate Governance Specialist

TL;DR: Routine RSU tax settlement; ownership and alignment with shareholders remain intact.

Rule 16b-3 transactions marked with code F are largely procedural. The executive’s continued holding of ≈63 k shares demonstrates ongoing alignment, mitigating concerns over insider confidence. No red flags on timing or pattern emerge, and the filing adheres to Section 16 disclosure requirements. Overall governance impact: neutral.

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
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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).

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^*

Zales Samuel

(Last) (First) (Middle)

1001 BOYLSTON STREET

16TH FLOOR

(Street)

BOSTON MA 02115

(City) (State) (Zip)

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)
	COO and President

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

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

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

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

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	07/01/2025		F(1)		11,561	D	$33.74	471,821	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. Shares withheld for payment of tax liability upon vesting of restricted stock units.

	/s/ Suzanne Murray, as attorney-in-fact	07/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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