CarGurus CEO sells 1,100 shares under 10b5-1 plan
CarGurus, Inc. Chief Executive Officer Jason Trevisan reported selling 1,100 shares of Class A common stock of CarGurus on August 7, 2026 at a weighted average price of $41.06 per share, under a Rule 10b5-1 trading plan.
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Form Type
4
Rhea-AI Filing Summary
CarGurus, Inc. Chief Executive Officer Jason Trevisan reported selling 1,100 shares of Class A common stock of CarGurus on August 7, 2026 at a weighted average price of $41.06 per share, under a Rule 10b5-1 trading plan. Following this open-market sale, Trevisan directly holds 674,762 shares of Class A common stock, with additional indirect holdings through family and grantor retained annuity trusts for which he serves as trustee.
Insider Trade Summary 10b5-1
Net Seller: 1,100 shares
Net Sell
1 txn
Insider
Trevisan Jason
Role
Chief Executive Officer
Sold
1,100 shs ($45K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 1,100 | $41.06 | $45K |
| Holding | Class A Common Stock F3 | -- | -- | -- |
| Holding | Class A Common Stock F4 | -- | -- | -- |
| Holding | Class A Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 674,762 shares (Direct);
Class A Common Stock — 409,672 shares (Indirect, See Footnote)
Footnotes (5)
- 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 $41.00 to $41.13 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. 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.
- F4. 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.
- F5. 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 sold: 1,100 shares
Weighted average sale price: $41.06 per share
Direct holdings after transaction: 674,762 shares
3 metrics
Shares sold
1,100 shares
Class A common stock sold by CEO on August 7, 2026
Weighted average sale price
$41.06 per share
Open-market sale in multiple transactions between $41.00 and $41.13
Direct holdings after transaction
674,762 shares
Class A common stock directly held by CEO following the sale
Key Terms
Rule 10b5-1 trading plan, weighted average price, Grantor Retained Annuity Trust, beneficiaries
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.
Grantor Retained Annuity Trust financial
"These shares are held directly by the 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.
beneficiaries financial
"The Reporting Person's children are the beneficiaries of the 2025 GRAT."
Beneficiaries are the people or organizations designated to receive benefits, such as money or assets, from a financial arrangement like a trust, insurance policy, or retirement plan. They matter to investors because choosing the right beneficiaries ensures that assets are passed on according to their wishes, providing financial security or support to loved ones when needed. Think of beneficiaries as the intended recipients of a gift or inheritance.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CarGurus (CARG) CEO Jason Trevisan report in this Form 4?
Jason Trevisan reported a sale of 1,100 shares of CarGurus Class A common stock on August 7, 2026 under a Rule 10b5-1 trading plan. He continues to hold a substantial direct position after this transaction.
What do the trusts mentioned in the CarGurus (CARG) Form 4 hold?
The Form 4 notes that additional shares are held by a 2019 Family Trust and 2025 and 2026 Grantor Retained Annuity Trusts. Jason Trevisan is trustee, with his immediate family or children as beneficiaries of these trusts.
AI-generated analysis. How Rhea-AI works. Not financial advice.
