CarGurus CEO has 21,509 shares withheld for taxes

The chief executive officer reported 653,253 directly held shares after the tax-withholding transaction.

Rhea-AI Filing Summary

CarGurus, Inc. (CARG) Chief Executive Officer Jason Trevisan reported that 21,509 Class A common shares were withheld for payment of tax liability upon vesting of restricted stock units on October 1, 2026, at $29.73 per share. His reported direct holdings after the transaction were 653,253 shares. Separate Class A holdings are identified for the Jason Trevisan 2019 Family Trust and Trevisan’s 2025 and 2026 Grantor Retained Annuity Trusts; Trevisan is trustee of each.

Insider Trade Summary

Tax Withholding: 21,509 shares

Tax Withholding 4 txns

Insider Trevisan Jason

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock F1	21,509	$29.73	$639K
holding	Class A Common Stock F2	--	--	--
holding	Class A Common Stock F3	--	--	--
holding	Class A Common Stock F4	--	--	--

Holdings After Transaction: Class A Common Stock — 653,253 shares (Direct); Class A Common Stock — 409,672 shares (Indirect, See Footnote)

Footnotes (4)

1. F1. Shares withheld for payment of tax liability upon vesting of restricted stock units.
2. F2. 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.
3. F3. These shares are held directly by the Trevisan 2025 Grantor Retained Annuity Trust dated March 13, 2025 (the "2025 GRAT"), of which the Reporting Person is trustee. The Reporting Person's children are the beneficiaries of the 2025 GRAT.
4. F4. These shares are held directly by the Trevisan 2026 Grantor Retained Annuity Trust dated June 8, 2026 (the "2026 GRAT"), of which the Reporting Person is trustee. The Reporting Person's children are the beneficiaries of the 2026 GRAT.

Key Figures

Shares withheld: 21,509 shares Price per share: $29.73 per share Direct holdings after transaction: 653,253 shares

3 metrics

Shares withheld 21,509 shares Withheld for tax liability upon vesting of restricted stock units on October 1, 2026

Price per share $29.73 per share Shares withheld on October 1, 2026

Direct holdings after transaction 653,253 shares Reported following the October 1, 2026, transaction

Key Terms

restricted stock units, Grantor Retained Annuity Trust, trustee

3 terms

restricted stock units financial

"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

"Trevisan 2025 Grantor Retained Annuity Trust dated March 13, 2025"

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.

trustee technical

"of which the Reporting Person is trustee"

A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many CARG shares were withheld for Jason Trevisan’s tax liability?

Jason Trevisan had 21,509 Class A common shares withheld for tax liability upon vesting of restricted stock units on October 1, 2026, at $29.73 per share.

How many CARG shares did Jason Trevisan report directly after the transaction?

Jason Trevisan reported 653,253 directly held shares after the October 1, 2026, transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/05/2026 - 05:44 PM Accepted by SEC EDGAR 10/05/2026 - 05:44 PM Learn about SEC filing dates

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).

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^*

Trevisan Jason

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2026

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	10/01/2026		F(1)		21,509	D	$29.73	653,253	D
Class A Common Stock								80,000	I	See Footnote(2)
Class A Common Stock								79,672	I	See Footnote(3)
Class A Common Stock								250,000	I	See Footnote(4)

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.

2. 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.

3. These shares are held directly by the Trevisan 2025 Grantor Retained Annuity Trust dated March 13, 2025 (the "2025 GRAT"), of which the Reporting Person is trustee. The Reporting Person's children are the beneficiaries of the 2025 GRAT.

4. These shares are held directly by the Trevisan 2026 Grantor Retained Annuity Trust dated June 8, 2026 (the "2026 GRAT"), of which the Reporting Person is trustee. The Reporting Person's children are the beneficiaries of the 2026 GRAT.

	/s/ Suzanne Murray, as attorney-in-fact	10/05/2026
	** 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)