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[Form 4] CarGurus, Inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Form 4 filing summary for L3Harris Technologies (LHX)

On 1 July 2025, non-employee director Joanna L. Geraghty acquired 168.81 phantom stock units of L3Harris through the company’s 2019 Non-Employee Director Compensation Plan. The units were credited in lieu of a portion of her quarterly cash retainer and are to be settled in L3Harris common stock when she leaves Board service. The reference share value used for the credit was $252.18 per unit.

Following the transaction, Geraghty’s total beneficial holding under the plan increased to 4,430.78 phantom stock units, which includes 13.03 units earned from dividend equivalents since her last report. All holdings are listed as direct and there were no derivative securities involved.

The filing reflects routine director compensation deferral rather than an open-market purchase; therefore, the transaction is unlikely to be materially significant to L3Harris’s share-count or governance profile.

Riepilogo della presentazione del Modulo 4 per L3Harris Technologies (LHX)

Il 1° luglio 2025, la consigliera non dipendente Joanna L. Geraghty ha acquisito 168,81 unità di azioni fantasma di L3Harris tramite il Piano di Compensazione per Consiglieri Non Dipendenti del 2019 dell’azienda. Le unità sono state accreditate in sostituzione di una parte del suo compenso trimestrale in contanti e saranno liquidate in azioni ordinarie L3Harris al termine del suo mandato nel Consiglio. Il valore di riferimento per l’accredito è stato di 252,18 $ per unità.

Dopo la transazione, la detenzione totale di Geraghty nel piano è salita a 4.430,78 unità di azioni fantasma, comprensive di 13,03 unità maturate come equivalenti di dividendi dalla sua ultima comunicazione. Tutte le partecipazioni sono indicate come dirette e non sono stati coinvolti strumenti derivati.

La presentazione riflette un differimento ordinario della compensazione del direttore piuttosto che un acquisto sul mercato aperto; pertanto, la transazione difficilmente avrà un impatto significativo sul numero di azioni o sul profilo di governance di L3Harris.

Resumen de la presentación del Formulario 4 para L3Harris Technologies (LHX)

El 1 de julio de 2025, la directora no empleada Joanna L. Geraghty adquirió 168,81 unidades de acciones fantasma de L3Harris a través del Plan de Compensación para Directores No Empleados de 2019 de la empresa. Las unidades fueron acreditadas en lugar de una parte de su retención trimestral en efectivo y se liquidarán en acciones comunes de L3Harris cuando deje el cargo en la Junta. El valor de referencia utilizado para el crédito fue de $252,18 por unidad.

Tras la transacción, la tenencia total beneficiosa de Geraghty bajo el plan aumentó a 4.430,78 unidades de acciones fantasma, que incluyen 13,03 unidades ganadas por equivalentes de dividendos desde su último informe. Todas las tenencias se listan como directas y no hubo valores derivados involucrados.

La presentación refleja un diferimiento rutinario de la compensación del director en lugar de una compra en el mercado abierto; por lo tanto, es poco probable que la transacción sea materialmente significativa para el recuento de acciones o el perfil de gobernanza de L3Harris.

L3Harris Technologies (LHX)에 대한 Form 4 제출 요약

2025년 7월 1일, 비임원 이사인 Joanna L. Geraghty가 회사의 2019년 비임원 이사 보상 계획을 통해 168.81 팬텀 스톡 유닛을 취득했습니다. 이 유닛들은 분기별 현금 보수의 일부 대신에 적립되었으며, 이사회에서 물러날 때 L3Harris 보통주로 정산됩니다. 적립에 사용된 기준 주식 가치는 유닛당 $252.18입니다.

거래 후 Geraghty의 계획 내 총 실질 보유량은 4,430.78 팬텀 스톡 유닛으로 증가했으며, 이는 지난 보고 이후 13.03 유닛의 배당금 등가액을 포함합니다. 모든 보유는 직접 보유로 표시되었으며 파생 증권은 포함되지 않았습니다.

이번 제출은 공개 시장에서의 매입이 아닌 이사 보상의 정기 이연을 반영하므로, 이 거래가 L3Harris의 주식 수나 거버넌스 프로필에 중대한 영향을 미칠 가능성은 낮습니다.

Résumé du dépôt du formulaire 4 pour L3Harris Technologies (LHX)

Le 1er juillet 2025, la directrice non salariée Joanna L. Geraghty a acquis 168,81 unités d'actions fantômes de L3Harris via le Plan de rémunération des administrateurs non salariés de 2019 de la société. Ces unités ont été créditées en lieu et place d'une partie de sa rémunération trimestrielle en espèces et seront réglées en actions ordinaires L3Harris lorsqu'elle quittera le conseil d'administration. La valeur de référence utilisée pour le crédit était de 252,18 $ par unité.

Suite à cette opération, la détention bénéficiaire totale de Geraghty dans le cadre du plan a augmenté à 4 430,78 unités d'actions fantômes, incluant 13,03 unités acquises au titre d'équivalents de dividendes depuis son dernier rapport. Toutes les détentions sont indiquées comme directes et aucun titre dérivé n'était impliqué.

Le dépôt reflète un report de rémunération habituel pour un administrateur plutôt qu'un achat sur le marché ouvert ; par conséquent, cette opération est peu susceptible d'avoir une incidence significative sur le nombre d'actions ou le profil de gouvernance de L3Harris.

Zusammenfassung der Form 4-Meldung für L3Harris Technologies (LHX)

Am 1. Juli 2025 erwarb die nicht angestellte Direktorin Joanna L. Geraghty 168,81 Phantom-Aktieneinheiten von L3Harris im Rahmen des Non-Employee Director Compensation Plan von 2019 des Unternehmens. Die Einheiten wurden anstelle eines Teils ihrer vierteljährlichen Barvergütung gutgeschrieben und werden bei ihrem Ausscheiden aus dem Vorstand in L3Harris-Stammaktien umgewandelt. Der für die Gutschrift verwendete Referenzaktienwert betrug 252,18 $ pro Einheit.

Nach der Transaktion erhöhte sich Geraghtys gesamtes wirtschaftliches Interesse im Plan auf 4.430,78 Phantom-Aktieneinheiten, darunter 13,03 Einheiten, die seit ihrem letzten Bericht durch Dividendenäquivalente erworben wurden. Alle Bestände sind als direkt angegeben, und es waren keine Derivate beteiligt.

Die Meldung spiegelt eine routinemäßige Aufschiebung der Direktorenvergütung wider und keinen Kauf am offenen Markt; daher ist es unwahrscheinlich, dass die Transaktion für die Aktienanzahl oder das Governance-Profil von L3Harris von wesentlicher Bedeutung ist.

Positive
  • None.
Negative
  • None.

Insights

TL;DR — Routine compensation deferral; immaterial impact on ownership structure.

The acquisition is classified under code “A,” indicating an automatic, non-market issuance tied to the director’s decision to defer cash fees. Phantom stock carries no voting rights until conversion and does not affect outstanding share count, so dilution is zero. Geraghty’s aggregate 4,430.78 units represent an inconsequential fraction of LHX’s ~190 million shares outstanding. While director equity alignment is generally viewed positively, the size and nature of this credit mean the event is neutral for valuation, liquidity, and governance risk assessments.

Riepilogo della presentazione del Modulo 4 per L3Harris Technologies (LHX)

Il 1° luglio 2025, la consigliera non dipendente Joanna L. Geraghty ha acquisito 168,81 unità di azioni fantasma di L3Harris tramite il Piano di Compensazione per Consiglieri Non Dipendenti del 2019 dell’azienda. Le unità sono state accreditate in sostituzione di una parte del suo compenso trimestrale in contanti e saranno liquidate in azioni ordinarie L3Harris al termine del suo mandato nel Consiglio. Il valore di riferimento per l’accredito è stato di 252,18 $ per unità.

Dopo la transazione, la detenzione totale di Geraghty nel piano è salita a 4.430,78 unità di azioni fantasma, comprensive di 13,03 unità maturate come equivalenti di dividendi dalla sua ultima comunicazione. Tutte le partecipazioni sono indicate come dirette e non sono stati coinvolti strumenti derivati.

La presentazione riflette un differimento ordinario della compensazione del direttore piuttosto che un acquisto sul mercato aperto; pertanto, la transazione difficilmente avrà un impatto significativo sul numero di azioni o sul profilo di governance di L3Harris.

Resumen de la presentación del Formulario 4 para L3Harris Technologies (LHX)

El 1 de julio de 2025, la directora no empleada Joanna L. Geraghty adquirió 168,81 unidades de acciones fantasma de L3Harris a través del Plan de Compensación para Directores No Empleados de 2019 de la empresa. Las unidades fueron acreditadas en lugar de una parte de su retención trimestral en efectivo y se liquidarán en acciones comunes de L3Harris cuando deje el cargo en la Junta. El valor de referencia utilizado para el crédito fue de $252,18 por unidad.

Tras la transacción, la tenencia total beneficiosa de Geraghty bajo el plan aumentó a 4.430,78 unidades de acciones fantasma, que incluyen 13,03 unidades ganadas por equivalentes de dividendos desde su último informe. Todas las tenencias se listan como directas y no hubo valores derivados involucrados.

La presentación refleja un diferimiento rutinario de la compensación del director en lugar de una compra en el mercado abierto; por lo tanto, es poco probable que la transacción sea materialmente significativa para el recuento de acciones o el perfil de gobernanza de L3Harris.

L3Harris Technologies (LHX)에 대한 Form 4 제출 요약

2025년 7월 1일, 비임원 이사인 Joanna L. Geraghty가 회사의 2019년 비임원 이사 보상 계획을 통해 168.81 팬텀 스톡 유닛을 취득했습니다. 이 유닛들은 분기별 현금 보수의 일부 대신에 적립되었으며, 이사회에서 물러날 때 L3Harris 보통주로 정산됩니다. 적립에 사용된 기준 주식 가치는 유닛당 $252.18입니다.

거래 후 Geraghty의 계획 내 총 실질 보유량은 4,430.78 팬텀 스톡 유닛으로 증가했으며, 이는 지난 보고 이후 13.03 유닛의 배당금 등가액을 포함합니다. 모든 보유는 직접 보유로 표시되었으며 파생 증권은 포함되지 않았습니다.

이번 제출은 공개 시장에서의 매입이 아닌 이사 보상의 정기 이연을 반영하므로, 이 거래가 L3Harris의 주식 수나 거버넌스 프로필에 중대한 영향을 미칠 가능성은 낮습니다.

Résumé du dépôt du formulaire 4 pour L3Harris Technologies (LHX)

Le 1er juillet 2025, la directrice non salariée Joanna L. Geraghty a acquis 168,81 unités d'actions fantômes de L3Harris via le Plan de rémunération des administrateurs non salariés de 2019 de la société. Ces unités ont été créditées en lieu et place d'une partie de sa rémunération trimestrielle en espèces et seront réglées en actions ordinaires L3Harris lorsqu'elle quittera le conseil d'administration. La valeur de référence utilisée pour le crédit était de 252,18 $ par unité.

Suite à cette opération, la détention bénéficiaire totale de Geraghty dans le cadre du plan a augmenté à 4 430,78 unités d'actions fantômes, incluant 13,03 unités acquises au titre d'équivalents de dividendes depuis son dernier rapport. Toutes les détentions sont indiquées comme directes et aucun titre dérivé n'était impliqué.

Le dépôt reflète un report de rémunération habituel pour un administrateur plutôt qu'un achat sur le marché ouvert ; par conséquent, cette opération est peu susceptible d'avoir une incidence significative sur le nombre d'actions ou le profil de gouvernance de L3Harris.

Zusammenfassung der Form 4-Meldung für L3Harris Technologies (LHX)

Am 1. Juli 2025 erwarb die nicht angestellte Direktorin Joanna L. Geraghty 168,81 Phantom-Aktieneinheiten von L3Harris im Rahmen des Non-Employee Director Compensation Plan von 2019 des Unternehmens. Die Einheiten wurden anstelle eines Teils ihrer vierteljährlichen Barvergütung gutgeschrieben und werden bei ihrem Ausscheiden aus dem Vorstand in L3Harris-Stammaktien umgewandelt. Der für die Gutschrift verwendete Referenzaktienwert betrug 252,18 $ pro Einheit.

Nach der Transaktion erhöhte sich Geraghtys gesamtes wirtschaftliches Interesse im Plan auf 4.430,78 Phantom-Aktieneinheiten, darunter 13,03 Einheiten, die seit ihrem letzten Bericht durch Dividendenäquivalente erworben wurden. Alle Bestände sind als direkt angegeben, und es waren keine Derivate beteiligt.

Die Meldung spiegelt eine routinemäßige Aufschiebung der Direktorenvergütung wider und keinen Kauf am offenen Markt; daher ist es unwahrscheinlich, dass die Transaktion für die Aktienanzahl oder das Governance-Profil von L3Harris von wesentlicher Bedeutung ist.

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*
Steinert Langley

(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)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Executive Chair
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
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 07/01/2025 F(1) 12,361 D $33.74 483,235 D
Class A Common Stock 2 I See Footnote(2)
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. Shares withheld for payment of tax liability upon vesting of restricted stock units.
2. These shares are owned directly by The Langley Steinert Irrevocable Family Trust dated June 21, 2004, of which the Reporting Person's children are the beneficiaries. The Reporting Person may be deemed to have indirect ownership over such shares, but expressly disclaims beneficial ownership of such shares.
/s/ Suzanne Murray, as attorney-in-fact 07/03/2025
** 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.

FAQ

What did LHX director Joanna Geraghty report in the latest Form 4?

She acquired 168.81 phantom stock units on 01-Jul-2025 under the director compensation plan.

How many LHX phantom stock units does Geraghty now hold?

Her beneficial ownership rose to 4,430.78 phantom stock units after the reported credit.

Was the transaction an open-market purchase of L3Harris shares?

No. It was an automatic credit (code A) tied to deferred cash compensation, not an open-market buy.

What price per unit was used for the phantom stock credit?

The reference price listed in the filing is $252.18 per unit.

Do phantom stock units dilute existing LHX shareholders?

No. Phantom units are settled later in shares and do not increase outstanding shares until conversion.
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