CarGurus CEO has shares withheld for RSU taxes
CarGurus, Inc. Chief Executive Officer Jason Trevisan reported a tax-related share withholding tied to equity compensation.
Rhea-AI Filing Summary
CarGurus, Inc. Chief Executive Officer Jason Trevisan reported a tax-related share withholding tied to equity compensation. On April 1, 2026, 21,509 shares of Class A Common Stock were withheld at $33.55 per share to cover tax liabilities upon vesting of restricted stock units.
After this tax-withholding disposition, Trevisan directly holds 827,043 shares of Class A Common Stock. In addition, 80,000 shares are held by the Jason Trevisan 2019 Family Trust, and 200,000 shares are held by the Trevisan 2025 Grantor Retained Annuity Trust, both of which list him as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 21,509 shares
Exercise Price or Tax Liability
3 txns
Insider
Trevisan Jason
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 21,509 | $33.55 | $722K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 827,043 shares (Direct);
Class A Common Stock — 280,000 shares (Indirect, See Footnote)
Footnotes (3)
- F1. Shares withheld for payment of tax liability upon vesting of restricted stock units.
- F2. 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.
- F3. These shares are held directly by the Trevisan 2025 Grantor Retained Annuity Trust dated March 13, 2025 (the "GRAT"), of which the Reporting Person is trustee. The Reporting Person's children are the beneficiaries of the GRAT.
Key Figures
Tax-withheld shares: 21,509 shares
Withholding price: $33.55 per share
Direct holdings after transaction: 827,043 shares
+2 more
5 metrics
Tax-withheld shares
21,509 shares
Withheld to satisfy tax liability on RSU vesting at $33.55
Withholding price
$33.55 per share
Price used for 21,509 withheld shares on April 1, 2026
Direct holdings after transaction
827,043 shares
Class A Common Stock directly held by CEO after withholding
Family Trust holdings
80,000 shares
Jason Trevisan 2019 Family Trust, CEO as trustee
GRAT holdings
200,000 shares
Trevisan 2025 Grantor Retained Annuity Trust, CEO as trustee
Key Terms
restricted stock units, Grantor Retained Annuity Trust, Family Trust, tax-withholding disposition
4 terms
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.
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.
Family Trust financial
"These shares are held directly by the Jason Trevisan 2019 Family Trust dated July 23, 2019"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
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 tax-withholding disposition of shares rather than an open-market trade. 21,509 shares of Class A Common Stock were withheld to cover taxes upon RSU vesting, while he continues to hold substantial direct and trust-related positions.
What indirect CarGurus (CARG) holdings are reported for Jason Trevisan?
The Form 4 lists 80,000 shares held by the Jason Trevisan 2019 Family Trust and 200,000 shares held by the Trevisan 2025 Grantor Retained Annuity Trust. Trevisan is trustee of both, with his immediate family and children identified as beneficiaries in the footnotes.
Was the CarGurus (CARG) CEO’s Form 4 transaction an open-market sale?
The reported transaction was not an open-market sale. It is coded as a tax-withholding disposition, meaning shares were delivered to satisfy tax obligations on vesting restricted stock units, rather than sold by Jason Trevisan on the open market for investment or liquidity purposes.
What does the tax-withholding code F mean in this CarGurus (CARG) Form 4?
Transaction code F indicates a payment of tax liability by delivering securities. In this case, 21,509 shares of Class A Common Stock were withheld to cover taxes on RSU vesting, which is a routine compensation-related event rather than a discretionary trading decision.
AI-generated analysis. How Rhea-AI works. Not financial advice.
