CarGurus CMO has 5,702 shares withheld
CarGurus, Inc. Chief Marketing Officer Dafna Sarnoff reported a routine share disposition related to taxes.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
CarGurus, Inc. Chief Marketing Officer Dafna Sarnoff reported a routine share disposition related to taxes. On April 1, 2026, 5,702 shares of Class A Common Stock were withheld at $33.55 per share to pay tax liabilities upon vesting of restricted stock units. After this tax-withholding event, Sarnoff directly held 139,814 shares of CarGurus Class A Common Stock, indicating she retained a substantial equity position and did not execute an open-market sale.
Insider Trade Summary
Exercise Price or Tax Liability: 5,702 shares
Exercise Price or Tax Liability
1 txn
Insider
Sarnoff Dafna
Role
Chief Marketing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 5,702 | $33.55 | $191K |
Holdings After Transaction:
Class A Common Stock — 139,814 shares (Direct)
Footnotes (1)
- F1. Shares withheld for payment of tax liability upon vesting of restricted stock units.
Key Figures
Shares withheld for taxes: 5,702 shares
Withholding price per share: $33.55 per share
Shares held after transaction: 139,814 shares
+1 more
4 metrics
Shares withheld for taxes
5,702 shares
Withheld on April 1, 2026 to cover RSU tax liability
Withholding price per share
$33.55 per share
Value used for 5,702 withheld shares
Shares held after transaction
139,814 shares
Direct holdings of Dafna Sarnoff following tax withholding
Transaction code
F
Tax-withholding disposition related to RSU vesting
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""
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""
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CarGurus (CARG) report for Dafna Sarnoff?
CarGurus reported that Chief Marketing Officer Dafna Sarnoff had 5,702 Class A Common Stock shares withheld to cover tax liabilities on vested restricted stock units. This was a tax-withholding disposition, not an open-market purchase or sale of shares.
Was the CarGurus (CARG) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 5,702 shares were withheld by CarGurus to satisfy Sarnoff’s tax liability upon RSU vesting, a common administrative mechanism rather than a discretionary decision to sell shares in the market.
What are Dafna Sarnoff’s CarGurus (CARG) holdings after the tax withholding?
Following the tax-withholding disposition, Dafna Sarnoff directly held 139,814 shares of CarGurus Class A Common Stock. This post-transaction balance shows she continues to maintain a significant equity stake in the company after satisfying her RSU-related tax obligations.
What does transaction code F mean in the CarGurus (CARG) Form 4?
Transaction code F indicates shares were used to pay an exercise price or tax liability. In this case, 5,702 shares were withheld to satisfy Dafna Sarnoff’s tax obligation when restricted stock units vested, rather than being sold in the open market for cash proceeds.
What role does Dafna Sarnoff hold at CarGurus (CARG) in this filing?
Dafna Sarnoff is identified as the Chief Marketing Officer of CarGurus, Inc. The Form 4 shows a tax-withholding disposition tied to her equity compensation, reflecting how executives often cover RSU-related tax liabilities using company shares instead of separate cash payments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
