CarGurus (CARG) General Counsel sells 8,072 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 8,072 shares ($238,396)
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 — 103,252 shares (Direct, null)
Footnotes (1)
- This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. 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. 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
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.
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.