STOCK TITAN

[Form 4] CarGurus, Inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Matthew Todd Quinn, Chief Technology Officer of CarGurus, Inc. (CARG), reported two changes in his beneficial ownership of Class A common stock. On 10/01/2025 8,457 shares were withheld to satisfy tax withholding upon RSU vesting at a price of $37.55, leaving 208,420 shares beneficially owned. On 10/02/2025 he sold 3,789 shares at $37.70 under a pre-established Rule 10b5-1 trading plan, leaving 204,631 shares beneficially owned. The Form 4 was filed as an individual report by one reporting person and includes an attorney-in-fact signature.

Matthew Todd Quinn, Chief Technology Officer di CarGurus, Inc. (CARG), ha segnalato due cambiamenti nella titolarità beneficiaria di azioni ordinarie di Classe A. Il 01/10/2025 sono state trattenute 8.457 azioni per soddisfare la ritenuta fiscale al vesting degli RSU a un prezzo di $37,55, lasciando 208.420 azioni in titolarità beneficiaria. Il 02/10/2025 ha venduto 3.789 azioni a $37,70 nell’ambito di un piano di trading predefinito Rule 10b5-1, lasciando 204.631 azioni in titolarità beneficiaria. Il Modulo 4 è stato presentato come rapporto individuale da un solo soggetto dichiarante e include una firma di procuratore.

Matthew Todd Quinn, Director of Technology de CarGurus, Inc. (CARG), reportó dos cambios en su propiedad beneficiosa de acciones ordinarias de Clase A. El 01/10/2025 se retuvieron 8,457 acciones para satisfacer la retención de impuestos al vesting de RSU a un precio de $37.55, dejando 208,420 acciones en titularidad beneficiosa. El 02/10/2025 vendió 3,789 acciones a $37.70 bajo un plan de negociación Rule 10b5-1 preestablecido, quedando 204,631 acciones en titularidad beneficiosa. El Formulario 4 fue presentado como informe individual por una persona reportante e incluye una firma de apoderado.

Matthew Todd QuinnCarGurus, Inc. (CARG)의 최고기술책임자로서 클래스 A 보통주의 수혜 소유에 두 가지 변동이 있음을 보고했습니다. 2025/10/01에 RSU 취득 시 세금 원천징수를 충족하기 위해 8,457주가 예치되었고 주당 가격은 $37.55로 남아 있는 보유 주식은 208,420주입니다. 2025/10/02에 그는 사전에 정해진 Rule 10b5-1 거래 계획에 따라 3,789주$37.70에 매도하여 204,631주의 보유 주식을 남겼습니다. Form 4는 한 명의 보고자에 의한 개인 보고서로 제출되었으며 대리인 서명이 포함되어 있습니다.

Matthew Todd Quinn, Directeur Technique de CarGurus, Inc. (CARG), a signalé deux changements dans sa propriété bénéficiaire de actions ordinaires de Classe A. Le 01/10/2025, 8 457 actions ont été retenues pour satisfaire la retenue fiscale lors de la vesting des RSU à un prix de 37,55 $, laissant 208 420 actions en propriété bénéficiaire. Le 02/10/2025, il a vendu 3 789 actions à 37,70 $ dans le cadre d’un plan de négociation préétabli Rule 10b5-1, laissant 204 631 actions en propriété bénéficiaire. Le formulaire 4 a été déposé comme rapport individuel par une seule personne déclarant et comprend une signature d’avocat‑in‑fact.

Matthew Todd Quinn, Chief Technology Officer von CarGurus, Inc. (CARG), meldete zwei Änderungen in seinem nutzungsberechtigten Eigentum an Class A Stammaktien. Am 01.10.2025 wurden 8.457 Aktien einbehalten, um die Steuerabführung bei der RSU-Unverfallbarkeitsfalle zu erfüllen, zu einem Preis von $37,55, wodurch 208.420 Aktien im nutzungsberechtigten Eigentum verbleiben. Am 02.10.2025verkaufte er 3.789 Aktien zu $37,70 im Rahmen eines vorab festgelegten Rule 10b5-1 Handelsplans, wodurch 204.631 Aktien im nutzungsberechtigten Eigentum verbleiben. Das Form 4 wurde als Einzelbericht von einer meldenden Person eingereicht und enthält eine Anwaltsvollmacht-Signatur.

Matthew Todd Quinn، كبير مسؤولي التكنولوجيا في CarGurus, Inc. (CARG)، أبلغ عن تغيّرين في ملكيته المستفِدة لـ أسهم عادية من الفئة A. في 01/10/2025 تم حجز 8,457 سهمًا لتلبية الاقتطاع الضريبي عند نضوج RSU بسعر $37.55، مما ترك 208,420 سهمًا مستفيدًا من الملكية. في 02/10/2025 باع 3,789 أسهم بسعر $37.70 وفق خطة تداول مُسبقة الإعداد Rule 10b5-1، مما ترك 204,631 سهمًا مستفيدًا من الملكية. تم تقديم النموذج 4 كتقرير فردي من قبل شخص واحد بلّغ، ويتضمن توقيع وكيل attorney-in-fact.

Matthew Todd Quinn,CarGurus, Inc. (CARG) 的首席技术官,报告了其甲类普通股所有权 Beneficial ownership 的两次变动。在2025/10/01,为满足 RSU 授予的税收代扣,扣留了8,457股,价格为$37.55,使得其拥有的股数为208,420股。于2025/10/02,他按事先设定的Rule 10b5-1交易计划出售了3,789股,价格为$37.70,剩余204,631股为 Beneficial ownership。该 Form 4 作为单独申报人的个人报告提交,且包含一名代理律师的签名。

Positive
  • Sale executed under a Rule 10b5-1 plan, indicating pre-planned trading rather than ad-hoc insider timing
  • 8,457 shares withheld for tax liability on RSU vesting, a routine compensation settlement
Negative
  • Beneficial ownership decreased from 208,420 to 204,631 shares following the reported transactions
  • Insider sale of 3,789 shares at $37.70, which reduces insider-held equity

Insights

Insider tax-withholding and a planned sale reduced CTO holdings modestly.

The report shows a tax-withholding event of 8,457 shares on 10/01/2025 tied to RSU vesting, which is a routine compensation-related reduction in holdings.

The subsequent 10/02/2025 sale of 3,789 shares at $37.70 was executed under a Rule 10b5-1 plan, indicating the sale was pre-planned rather than opportunistic.

This sequence reduced beneficial ownership from 208,420 to 204,631, a change that is material at the individual level but not necessarily company‑moving given no larger ownership or voting control figures are disclosed.

Matthew Todd Quinn, Chief Technology Officer di CarGurus, Inc. (CARG), ha segnalato due cambiamenti nella titolarità beneficiaria di azioni ordinarie di Classe A. Il 01/10/2025 sono state trattenute 8.457 azioni per soddisfare la ritenuta fiscale al vesting degli RSU a un prezzo di $37,55, lasciando 208.420 azioni in titolarità beneficiaria. Il 02/10/2025 ha venduto 3.789 azioni a $37,70 nell’ambito di un piano di trading predefinito Rule 10b5-1, lasciando 204.631 azioni in titolarità beneficiaria. Il Modulo 4 è stato presentato come rapporto individuale da un solo soggetto dichiarante e include una firma di procuratore.

Matthew Todd Quinn, Director of Technology de CarGurus, Inc. (CARG), reportó dos cambios en su propiedad beneficiosa de acciones ordinarias de Clase A. El 01/10/2025 se retuvieron 8,457 acciones para satisfacer la retención de impuestos al vesting de RSU a un precio de $37.55, dejando 208,420 acciones en titularidad beneficiosa. El 02/10/2025 vendió 3,789 acciones a $37.70 bajo un plan de negociación Rule 10b5-1 preestablecido, quedando 204,631 acciones en titularidad beneficiosa. El Formulario 4 fue presentado como informe individual por una persona reportante e incluye una firma de apoderado.

Matthew Todd QuinnCarGurus, Inc. (CARG)의 최고기술책임자로서 클래스 A 보통주의 수혜 소유에 두 가지 변동이 있음을 보고했습니다. 2025/10/01에 RSU 취득 시 세금 원천징수를 충족하기 위해 8,457주가 예치되었고 주당 가격은 $37.55로 남아 있는 보유 주식은 208,420주입니다. 2025/10/02에 그는 사전에 정해진 Rule 10b5-1 거래 계획에 따라 3,789주$37.70에 매도하여 204,631주의 보유 주식을 남겼습니다. Form 4는 한 명의 보고자에 의한 개인 보고서로 제출되었으며 대리인 서명이 포함되어 있습니다.

Matthew Todd Quinn, Directeur Technique de CarGurus, Inc. (CARG), a signalé deux changements dans sa propriété bénéficiaire de actions ordinaires de Classe A. Le 01/10/2025, 8 457 actions ont été retenues pour satisfaire la retenue fiscale lors de la vesting des RSU à un prix de 37,55 $, laissant 208 420 actions en propriété bénéficiaire. Le 02/10/2025, il a vendu 3 789 actions à 37,70 $ dans le cadre d’un plan de négociation préétabli Rule 10b5-1, laissant 204 631 actions en propriété bénéficiaire. Le formulaire 4 a été déposé comme rapport individuel par une seule personne déclarant et comprend une signature d’avocat‑in‑fact.

Matthew Todd Quinn, Chief Technology Officer von CarGurus, Inc. (CARG), meldete zwei Änderungen in seinem nutzungsberechtigten Eigentum an Class A Stammaktien. Am 01.10.2025 wurden 8.457 Aktien einbehalten, um die Steuerabführung bei der RSU-Unverfallbarkeitsfalle zu erfüllen, zu einem Preis von $37,55, wodurch 208.420 Aktien im nutzungsberechtigten Eigentum verbleiben. Am 02.10.2025verkaufte er 3.789 Aktien zu $37,70 im Rahmen eines vorab festgelegten Rule 10b5-1 Handelsplans, wodurch 204.631 Aktien im nutzungsberechtigten Eigentum verbleiben. Das Form 4 wurde als Einzelbericht von einer meldenden Person eingereicht und enthält eine Anwaltsvollmacht-Signatur.

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).
1. Name and Address of Reporting Person*
Quinn Matthew Todd

(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)
Chief Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025
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 10/01/2025 F(1) 8,457 D $37.55 208,420 D
Class A Common Stock 10/02/2025 S(2) 3,789 D $37.7 204,631 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.
2. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
/s/ Suzanne Murray, as attorney-in-fact 10/03/2025
** 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.

FAQ

What transactions did the CarGurus (CARG) insider report?

The CTO reported 8,457 shares withheld for taxes on 10/01/2025 at $37.55 and a sale of 3,789 shares on 10/02/2025 at $37.70.

Why were shares withheld on the Form 4 for CARG?

The Form 4 explains the 8,457 shares were withheld to satisfy tax liability upon vesting of restricted stock units.

Was the sale by the reporting person at CarGurus (CARG) discretionary?

No. The Form 4 states the 3,789-share sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

How many CarGurus shares does the reporting person own after these transactions?

Following the withholding and sale, the reporting person beneficially owned 204,631 shares of Class A common stock.

Who filed the Form 4 for the reporting person?

The Form 4 shows the filing was signed by Suzanne Murray as attorney-in-fact for the reporting person.
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