CarGurus chair covers taxes with share withholding
CarGurus Executive Chair Langley Steinert reported a tax-withholding disposition of 12,315 shares of Class A Common Stock at $33.55 per share.
Rhea-AI Filing Summary
CarGurus Executive Chair Langley Steinert reported a tax-withholding disposition of 12,315 shares of Class A Common Stock at $33.55 per share. The shares were withheld to cover tax liability triggered by the vesting of restricted stock units, rather than sold in an open‑market transaction.
After this routine withholding event, Steinert holds 532,151 shares directly. An additional 2 shares are held indirectly by The Langley Steinert Irrevocable Family Trust dated June 21, 2004, for which his children are beneficiaries and over which he disclaims beneficial ownership.
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Insider Trade Summary
Exercise Price or Tax Liability: 12,315 shares
Exercise Price or Tax Liability
2 txns
Insider
Steinert Langley
Role
Executive Chair
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 12,315 | $33.55 | $413K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 532,151 shares (Direct);
Class A Common Stock — 2 shares (Indirect, See Footnote)
Footnotes (2)
- F1. Shares withheld for payment of tax liability upon vesting of restricted stock units.
- F2. 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
Tax-withheld shares: 12,315 shares
Withholding price: $33.55 per share
Direct holdings after transaction: 532,151 shares
+1 more
4 metrics
Tax-withheld shares
12,315 shares
Withheld to pay tax liability on RSU vesting
Withholding price
$33.55 per share
Value applied to 12,315 withheld shares
Direct holdings after transaction
532,151 shares
Class A Common Stock held directly after April 1, 2026
Indirect trust holdings
2 shares
Held by family trust over which Steinert disclaims beneficial ownership
Key Terms
restricted stock units, tax liability, irrevocable family trust, beneficial ownership, +1 more
5 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 liability financial
"Shares withheld for payment of tax liability upon vesting of restricted stock units."
irrevocable family trust financial
"owned directly by The Langley Steinert Irrevocable Family Trust dated June 21, 2004"
beneficial ownership financial
"Reporting Person may be deemed to have indirect ownership over such shares, but expressly disclaims beneficial ownership"
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.
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) Executive Chair Langley Steinert report in this Form 4?
He reported 12,315 Class A shares being withheld at $33.55 per share to cover tax obligations from restricted stock unit vesting. This is a non‑market, tax‑related disposition rather than a traditional open‑market stock sale.
Was Langley Steinert’s CarGurus (CARG) transaction an open‑market stock sale?
No. The 12,315 shares were withheld to satisfy tax liability upon RSU vesting, coded as a tax‑withholding disposition. This means the shares were not sold on the open market but used to pay taxes owed on equity compensation.
What is the role of the family trust mentioned in the CarGurus (CARG) Form 4 filing?
The filing notes 2 shares owned by The Langley Steinert Irrevocable Family Trust dated June 21, 2004. Steinert’s children are beneficiaries, and he may be deemed to have indirect ownership but expressly disclaims beneficial ownership of those shares.
What does the F transaction code mean in Langley Steinert’s CarGurus (CARG) Form 4?
Code F indicates shares used to pay an exercise price or tax liability. Here, 12,315 shares were withheld at $33.55 per share to satisfy taxes due upon vesting of restricted stock units rather than being sold for cash on the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
