CarGurus (CARG) chair Steinert covers RSU taxes with 12,654-share withholding

Rhea-AI Filing Summary

CarGurus, Inc. Executive Chair Langley Steinert reported a routine tax-related share disposition. On shares of Class A Common Stock, 12,654 shares were withheld at $35.14 per share to cover tax obligations upon vesting of restricted stock units, rather than being sold on the open market. After this tax-withholding disposition, Steinert holds 897,136 shares directly and 75,000 shares are held indirectly by The Langley Steinert Irrevocable Family Trust, for which he disclaims beneficial ownership.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Steinert Langley

Role Executive Chair

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	12,654	$35.14	$445K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 897,136 shares (Direct, null); Class A Common Stock — 75,000 shares (Indirect, See Footnote)

Footnotes (1)

1. Shares withheld for payment of tax liability upon vesting of restricted stock units. 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.

Key Figures

Shares withheld for taxes: 12,654 shares Withholding price: $35.14 per share Direct holdings after transaction: 897,136 shares +1 more

4 metrics

Shares withheld for taxes 12,654 shares Tax-withholding disposition on Class A Common Stock

Withholding price $35.14 per share Price used for RSU tax-withholding shares

Direct holdings after transaction 897,136 shares Class A Common Stock held directly by Steinert

Indirect trust holdings 75,000 shares Held by Langley Steinert Irrevocable Family Trust; beneficial ownership disclaimed

Key Terms

restricted stock units, tax-withholding disposition, Irrevocable Family Trust, beneficial ownership

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.

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.

Irrevocable Family Trust financial

"The Langley Steinert Irrevocable Family Trust dated June 21, 2004"

beneficial ownership financial

"expressly disclaims beneficial ownership of such shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:15 PM Accepted by SEC EDGAR 07/02/2026 - 04:15 PM Learn about SEC filing dates

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 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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chair

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/01/2026		F(1)		12,654	D	$35.14	897,136	D
Class A Common Stock								75,000	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	07/02/2026
	** 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).
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)

FAQ

What insider transaction did CarGurus (CARG) report for Langley Steinert?

CarGurus reported a tax-related share disposition for Executive Chair Langley Steinert. 12,654 Class A Common shares were withheld to satisfy tax obligations from vesting restricted stock units, rather than sold in the market, reflecting a routine compensation-related event.

How many CarGurus (CARG) shares were withheld for taxes in this Form 4?

12,654 shares of CarGurus Class A Common Stock were withheld. The withholding occurred at a price of $35.14 per share to cover Steinert’s tax liability arising from vesting restricted stock units, a standard mechanism rather than an open-market sale.

What are Langley Steinert’s direct CarGurus (CARG) holdings after this filing?

After the tax-withholding transaction, Langley Steinert directly holds 897,136 shares of CarGurus Class A Common Stock. This figure reflects his direct ownership position following the share withholding for tax obligations tied to restricted stock unit vesting.

What indirect CarGurus (CARG) holdings are linked to Langley Steinert?

An additional 75,000 CarGurus shares are held by The Langley Steinert Irrevocable Family Trust. The trust’s beneficiaries are Steinert’s children, and he may be deemed to have indirect ownership but expressly disclaims beneficial ownership of these shares in the filing.

Was this CarGurus (CARG) insider transaction an open-market sale?

No, the filing describes a tax-withholding disposition, not an open-market sale. Shares were withheld by the issuer to pay Steinert’s tax liability on vesting restricted stock units, which is a common administrative step in equity compensation.