CarGurus (CARG) CTO has 9,128 shares withheld for RSU tax payment

Rhea-AI Filing Summary

CarGurus, Inc. Chief Technology Officer Matthew Todd Quinn had 9,128 shares of Class A Common Stock withheld on a recent vesting event. The shares were retained by the company at $35.14 per share to cover tax liabilities arising from vesting restricted stock units, rather than through an open-market sale. After this tax-withholding disposition, Quinn continues to hold 236,970 Class A shares directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Quinn Matthew Todd

Role Chief Technology Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	9,128	$35.14	$321K

Holdings After Transaction: Class A Common Stock — 236,970 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares withheld for taxes: 9,128 shares Valuation price per share: $35.14 per share Shares held after transaction: 236,970 shares +1 more

4 metrics

Shares withheld for taxes 9,128 shares Withheld to cover tax liability on RSU vesting

Valuation price per share $35.14 per share Price used for tax-withholding disposition

Shares held after transaction 236,970 shares Direct Class A Common Stock holdings after withholding

Tax-withholding transactions 1 transaction, 9,128 shares Summary of tax-withholding dispositions in this filing

Key Terms

restricted stock units, tax-withholding disposition, Class A Common Stock

3 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 for payment of tax liability."

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.

Class A Common Stock financial

"security_title: Class A Common Stock reported in the transaction."

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 →

Available on EDGAR 07/02/2026 - 04:13 PM Accepted by SEC EDGAR 07/02/2026 - 04:12 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^*

Quinn Matthew Todd

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Technology 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)

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)		9,128	D	$35.14	236,970	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. Shares withheld for payment of tax liability upon vesting of restricted stock units.

	/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 CTO Matthew Quinn?

CarGurus reported that CTO Matthew Todd Quinn had 9,128 Class A shares withheld to cover taxes on vested restricted stock units. This was a tax-withholding disposition, not an open-market stock sale.

Was the CarGurus (CARG) CTO’s recent share disposition an open-market sale?

No, the transaction was not an open-market sale. 9,128 shares were withheld by CarGurus to pay Quinn’s tax liability upon vesting of restricted stock units, a common non-market, administrative event.

How many CarGurus (CARG) shares does CTO Matthew Quinn hold after the transaction?

After the tax-withholding transaction, CTO Matthew Todd Quinn directly holds 236,970 shares of CarGurus Class A Common Stock. This post-transaction balance reflects his ongoing equity stake in the company following the RSU vesting.

At what price were the withheld CarGurus (CARG) shares valued for taxes?

The 9,128 withheld shares were valued at $35.14 per share for tax purposes. This figure reflects the share price used in determining the value of stock retained to satisfy Quinn’s tax liability on vested restricted stock units.

What does a tax-withholding disposition mean for CarGurus (CARG) insiders?

A tax-withholding disposition means the company withholds shares, like the 9,128 shares here, to pay income taxes on vesting awards. It is a mechanical compensation-related event, not a discretionary decision to buy or sell stock in the market.