CarGurus product chief sells 1,964 shares at $32.33

The sale was made under a Rule 10b5-1 plan, while separate shares were withheld for taxes when restricted stock units vested.

Available on EDGAR 11/03/2026 - 04:50 PM EST Accepted by SEC EDGAR 11/03/2026 - 04:49 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

CarGurus, Inc. Chief Product Officer Ismail Elshareef reported selling 1,964 shares of Class A Common Stock at $32.33 per share on November 2, 2026. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. On October 30, 2026, 2,299 shares were withheld at a reported $32.18 per share for tax liability upon vesting of restricted stock units.

Insider Trade Summary 10b5-1

Net Seller: 1,964 shares

Net Sell 2 txns

Insider Elshareef Ismail

Role Chief Product Officer

Sold 1,964 shs ($63K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F2	1,964	$32.33	$63K
Tax Withholding	Class A Common Stock F1	2,299	$32.18	$74K

Holdings After Transaction: Class A Common Stock — 123,670 shares (Direct)

Footnotes (2)

1. F1. Shares withheld for payment of tax liability upon vesting of restricted stock units.
2. F2. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

Key Figures

Shares sold: 1,964 shares Sale price: $32.33 per share Shares withheld for tax liability: 2,299 shares +1 more

4 metrics

Shares sold 1,964 shares November 2, 2026

Sale price $32.33 per share November 2, 2026

Shares withheld for tax liability 2,299 shares Upon restricted stock unit vesting on October 30, 2026

Reported price per share for tax withholding $32.18 per share October 30, 2026

Key Terms

Rule 10b5-1 trading plan, restricted stock units, vesting

3 terms

Rule 10b5-1 trading plan financial

"pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

restricted stock units financial

"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.

vesting financial

"tax liability upon vesting of restricted stock units"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many CARG shares did Chief Product Officer Ismail Elshareef sell?

Ismail Elshareef sold 1,964 shares of Class A Common Stock at $32.33 per share on November 2, 2026. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

How many CARG shares were withheld for taxes?

On October 30, 2026, 2,299 shares of Class A Common Stock were withheld at a reported $32.18 per share for tax liability upon vesting of restricted stock units.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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).

X

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^*

Elshareef Ismail

(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 Product Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/30/2026

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	10/30/2026		F(1)		2,299	D	$32.18	125,634	D
Class A Common Stock	11/02/2026		S(2)		1,964	D	$32.33	123,670	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.

2. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

	/s/ Suzanne Murray, as attorney-in-fact	11/03/2026
	** 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)