CarGurus (CARG) Chief People Officer receives 52,066-share RSU award

Rhea-AI Filing Summary

CarGurus, Inc. reported that Chief People Officer Jennifer Ladd Hanson acquired 52,066 shares of Class A common stock in the form of restricted stock units (RSUs). Each RSU represents a right to receive one share, bringing her direct holdings to 101,729 shares after the award.

These RSUs vest over time, with 6.25% vesting on April 1, 2026 and 6.25% vesting on the first day of each three-month period thereafter until January 1, 2030, subject to her continued employment. Vesting may be accelerated in connection with a Change of Control under the company’s omnibus incentive compensation plan.

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

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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^*

Hanson Jennifer Ladd

(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 People Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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	03/02/2026		A(1)		52,066	A	$0	101,729	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. Represents shares issuable upon settlement of restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. Subject to the Reporting Person's continuous service as an employee of the Issuer, 6.25% of the RSUs will vest on April 1, 2026 and 6.25% of the RSUs will vest on the first day of each three-month period thereafter until January 1, 2030. Such vesting may be accelerated in connection with a Change of Control (as defined in the Issuer's Omnibus Incentive Compensation Plan).

	/s/ Suzanne Murray, as attorney-in-fact	03/04/2026
	** 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).
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FAQ

What insider transaction did CarGurus (CARG) report for Jennifer Ladd Hanson?

CarGurus reported that Chief People Officer Jennifer Ladd Hanson received an award of 52,066 restricted stock units. Each RSU equals one share of Class A common stock, increasing her direct holdings to 101,729 shares after the grant, according to the Form 4 filing details.

How many CarGurus (CARG) RSUs were granted in this Form 4 filing?

The filing shows a grant of 52,066 restricted stock units to Jennifer Ladd Hanson. Each RSU represents a contingent right to receive one share of CarGurus Class A common stock, subject to vesting conditions tied to ongoing employment and potential Change of Control provisions.

What is the vesting schedule for Jennifer Ladd Hanson’s CarGurus (CARG) RSUs?

The RSUs vest 6.25% on April 1, 2026, then 6.25% on the first day of each three-month period until January 1, 2030. Vesting depends on her continuous service as an employee and may accelerate if there is a qualifying Change of Control under the company’s incentive plan.

Does the CarGurus (CARG) Form 4 indicate these shares were purchased on the market?

No, the Form 4 indicates a grant or award acquisition of 52,066 RSUs, not an open-market purchase. The transaction code is “A,” meaning it reflects an award of stock-based compensation that vests over time rather than a cash purchase of shares.

How many CarGurus (CARG) shares does Jennifer Ladd Hanson hold after this RSU grant?

After the RSU award, Jennifer Ladd Hanson is reported to beneficially own 101,729 shares of CarGurus Class A common stock directly. This total includes the newly granted RSUs that will settle into shares as they vest over the specified vesting schedule.

Can the CarGurus (CARG) RSU vesting for Jennifer Ladd Hanson be accelerated?

Yes, vesting may be accelerated in connection with a Change of Control as defined in CarGurus’ Omnibus Incentive Compensation Plan. Otherwise, the RSUs follow the regular schedule, vesting 6.25% initially on April 1, 2026, and quarterly thereafter through January 1, 2030.