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CarGurus (CARG) CPO has 2,106 shares withheld to cover RSU tax

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

Rhea-AI Filing Summary

CarGurus, Inc. Chief Product Officer Elshareef Ismail had 2,106 shares of Class A Common Stock withheld to cover tax liability when restricted stock units vested. After this tax-withholding disposition, he directly holds 144,994 shares, reflecting a routine compensation-related adjustment rather than an open-market trade.

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Insider Elshareef Ismail
Role Chief Product Officer
Type Security Shares Price Value
Tax Withholding Class A Common Stock 2,106 $35.14 $74K
Holdings After Transaction: Class A Common Stock — 144,994 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares withheld for taxes 2,106 shares Withheld for tax liability upon RSU vesting
Withholding price per share $35.14 per share Value used for 2,106 withheld shares
Shares held after transaction 144,994 shares Direct Class A Common Stock ownership after tax withholding
restricted stock units financial
"Shares withheld for payment of tax liability 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.
tax liability financial
"Shares withheld for payment of tax liability upon vesting of restricted stock units."
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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Elshareef Ismail
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Product Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock07/01/2026F(1)2,106D$35.14144,994D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Shares withheld for payment of tax liability upon vesting of restricted stock units.
/s/ Suzanne Murray, as attorney-in-fact07/02/2026
** Signature of Reporting PersonDate
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

FAQ

What insider transaction did CarGurus (CARG) report for Elshareef Ismail?

CarGurus reported that Chief Product Officer Elshareef Ismail had 2,106 shares of Class A Common Stock withheld to satisfy tax liability upon vesting of restricted stock units. This Form 4 event reflects compensation-related tax withholding, not an open-market purchase or sale of shares.

How many CarGurus (CARG) shares were withheld for Elshareef Ismail’s taxes?

A total of 2,106 shares of CarGurus Class A Common Stock were withheld for Elshareef Ismail’s tax liability. The shares were valued at $35.14 each in the transaction, according to the Form 4, and relate to the vesting of restricted stock units.

What is Elshareef Ismail’s CarGurus (CARG) shareholding after this Form 4 transaction?

Following the tax-withholding disposition, Elshareef Ismail directly holds 144,994 shares of CarGurus Class A Common Stock. This post-transaction figure comes from the Form 4 and shows his remaining direct ownership after 2,106 shares were withheld to cover tax obligations.

Was the CarGurus (CARG) Form 4 transaction an open-market sale?

No, the Form 4 describes a tax-withholding disposition rather than an open-market sale. Shares were withheld to pay Elshareef Ismail’s tax liability upon vesting of restricted stock units, as indicated by transaction code F and the accompanying explanatory footnote in the filing.

What does transaction code F mean in the CarGurus (CARG) Form 4?

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this CarGurus Form 4, it reflects 2,106 shares withheld from Elshareef Ismail to satisfy tax obligations arising from the vesting of restricted stock units, not a discretionary share sale.