CarGurus (CARG) Chief People Officer sells 567 shares under 10b5-1 plan

Rhea-AI Filing Summary

CarGurus, Inc. Chief People Officer Jennifer Ladd Hanson reported an open-market sale of Class A Common Stock. She sold 567 shares at a price of $35.03 per share under a pre-arranged Rule 10b5-1 trading plan. Following this transaction, she directly holds 91,135 shares of CarGurus Class A Common Stock. The filing reflects a small, planned sale relative to her remaining ownership stake.

Insider Trade Summary 10b5-1

Net Seller: 567 shares ($19,862)

Net Sell 1 txn

Insider Hanson Jennifer Ladd

Role Chief People Officer

Sold 567 shs ($20K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	567	$35.03	$20K

Holdings After Transaction: Class A Common Stock — 91,135 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 567 shares Sale price per share: $35.03 per share Shares held after sale: 91,135 shares

3 metrics

Shares sold 567 shares Open-market sale of Class A Common Stock

Sale price per share $35.03 per share Price received in the reported transaction

Shares held after sale 91,135 shares Direct ownership following the transaction

Key Terms

Rule 10b5-1 trading plan, open-market sale, Class A Common Stock

3 terms

Rule 10b5-1 trading plan regulatory

"This sale was effected 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.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 04:19 PM Accepted by SEC EDGAR 07/06/2026 - 04:18 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).

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^*

Hanson Jennifer Ladd

(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 People Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2026

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	07/02/2026		S(1)		567	D	$35.03	91,135	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. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

	/s/ Suzanne Murray, as attorney-in-fact	07/06/2026
	** 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 Jennifer Ladd Hanson?

CarGurus reported that Chief People Officer Jennifer Ladd Hanson sold 567 shares of Class A Common Stock. The sale was an open-market transaction executed at $35.03 per share under a Rule 10b5-1 trading plan, as disclosed in the Form 4 filing.

How many CarGurus (CARG) shares does Jennifer Ladd Hanson hold after this sale?

After the reported sale, Jennifer Ladd Hanson holds 91,135 shares of CarGurus Class A Common Stock. This post-transaction balance reflects her remaining direct ownership as shown in the Form 4, indicating she retained a substantial stake after the relatively small sale.

Was the CarGurus (CARG) insider sale by Jennifer Ladd Hanson made under a Rule 10b5-1 plan?

Yes, the filing states the sale was effected under a Rule 10b5-1 trading plan. Such plans are pre-arranged trading programs that schedule future trades in advance, helping separate routine portfolio management from discretionary market-timing decisions by insiders.

What price did Jennifer Ladd Hanson receive for her CarGurus (CARG) share sale?

The Form 4 shows an average sale price of $35.03 per share for the 567 CarGurus Class A shares sold. This reflects the transaction price reported for the open-market sale, providing investors clarity on the level at which the shares were disposed.

What type of security did Jennifer Ladd Hanson sell in CarGurus (CARG)?

She sold CarGurus Class A Common Stock, the company’s listed equity security. The Form 4 indicates the transaction involved 567 non-derivative shares, rather than options or other derivative instruments, and was classified as an open-market sale transaction.