CarGurus counsel sells 8,072 shares in planned trades

CarGurus, Inc. General Counsel and Secretary Javier Zamora reported open-market sales of Class A Common Stock under a pre-arranged Rule 10b5-1 trading plan.

Accepted by SEC EDGAR 06/03/2026 - 05:17 PM EDT

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Rhea-AI Filing Summary

CarGurus, Inc. General Counsel and Secretary Javier Zamora reported open-market sales of Class A Common Stock under a pre-arranged Rule 10b5-1 trading plan. He sold a total of 8,072 shares at weighted average prices around $29.52 and $30.10 per share. After these trades, he continued to hold more than 103,000 shares directly, indicating the transactions represent a relatively small portion of his overall position.

Insider Trade Summary 10b5-1

Net Seller: 8,072 shares

Net Sell 2 txns

Insider Zamora Javier

Role General Counsel and Secretary

Sold 8,072 shs ($238K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	7,881	$29.52	$233K
Sale	Class A Common Stock	191	$30.10	$6K

Holdings After Transaction: Class A Common Stock — 103,061 shares (Direct)

Footnotes (3)

F1. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.0594 to $30.0545 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the U.S. Securities and Exchange Commission, the Issuer or any security holder of the Issuer.
F3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.0725 to $30.1241 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the U.S. Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

Key Figures

Total shares sold: 8,072 shares Shares sold in larger trade: 7,881 shares Shares sold in smaller trade: 191 shares +4 more

7 metrics

Total shares sold 8,072 shares Net shares sold across two open-market transactions

Shares sold in larger trade 7,881 shares Open-market sale of Class A Common Stock

Shares sold in smaller trade 191 shares Additional open-market sale of Class A Common Stock

Weighted avg price (7,881 shares) $29.52 per share Weighted average sale price for larger transaction

Weighted avg price (191 shares) $30.10 per share Weighted average sale price for smaller transaction

Shares held after one trade 103,252 shares Total direct holdings following the 7,881-share sale

Shares held after other trade 103,061 shares Total direct holdings following the 191-share sale

Key Terms

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

4 terms

Rule 10b5-1 trading plan regulatory

"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.

weighted average price financial

"The reported price in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

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.

FAQ

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

What insider transactions did CarGurus (CARG) report for Javier Zamora?

CarGurus General Counsel Javier Zamora reported selling 8,072 shares of Class A Common Stock. The trades were open-market sales executed at weighted average prices near $29.52 and $30.10 per share, according to the Form 4 filing.

Were Javier Zamora’s CarGurus (CARG) stock sales pre-planned under a Rule 10b5-1 plan?

Yes. The Form 4 notes that at least one sale was effected under a Rule 10b5-1 trading plan. Such plans pre-arrange trades in advance, making the timing of these sales more routine and less reflective of short-term market views.

How many CarGurus (CARG) shares did Javier Zamora sell and at what prices?

Javier Zamora sold 8,072 shares of CarGurus Class A Common Stock. One transaction covered 7,881 shares at a weighted average price of $29.52, and another covered 191 shares at a weighted average price of $30.10 per share.

How many CarGurus (CARG) shares does Javier Zamora hold after the reported sales?

After the reported transactions, Javier Zamora continued to hold just over 103,000 shares of CarGurus Class A Common Stock directly. This suggests the 8,072 shares sold represent a relatively small fraction of his overall equity position.

What does “weighted average price” mean in the CarGurus (CARG) Form 4 filing?

Weighted average price means the reported per-share figure blends multiple executions at different prices into one average. The filing explains shares were sold in numerous trades within specified price ranges, and detailed breakdowns are available upon request to the reporting person.

Is Javier Zamora’s CarGurus (CARG) Form 4 filing mainly shares or derivatives?

The Form 4 shows only transactions in non-derivative securities, specifically CarGurus Class A Common Stock. The derivative section is empty, indicating no option exercises, warrant conversions, or other derivative transactions were reported in this particular filing.

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Form 4 Insider Transactions: What Each Field Means →

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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^*

Zamora Javier

(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)
	General Counsel and Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	06/01/2026		S⁽¹⁾		7,881	D	$29.52⁽²⁾	103,252	D
Class A Common Stock	06/01/2026		S⁽¹⁾		191	D	$30.1⁽³⁾	103,061	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.0594 to $30.0545 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the U.S. Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.0725 to $30.1241 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the U.S. Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

	/s/ Suzanne Murray, as attorney-in-fact	06/03/2026
	** 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)

Source: View Original Filing on SEC EDGAR