CarGurus (CARG) exec uses 1,900 shares to cover tax withholding

Rhea-AI Filing Summary

CarGurus, Inc. Chief Product Officer Elshareef Ismail reported a tax-related share disposition. On the vesting of restricted stock units, 1,900 shares of Class A Common Stock were withheld at $33.55 per share to cover tax liabilities. Following this withholding, he directly holds 148,496 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Elshareef Ismail

Role Chief Product Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	1,900	$33.55	$64K

Holdings After Transaction: Class A Common Stock — 148,496 shares (Direct)

Footnotes (1)

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Key Figures

Shares withheld for taxes: 1,900 shares Withholding price: $33.55 per share Shares held after transaction: 148,496 shares

3 metrics

Shares withheld for taxes 1,900 shares Class A Common Stock withheld for RSU tax on April 1, 2026

Withholding price $33.55 per share Value used for tax-withholding disposition of 1,900 shares

Shares held after transaction 148,496 shares Direct Class A Common Stock holdings after tax withholding

Key Terms

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

3 terms

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.

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.

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

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)
04/01/2026

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	04/01/2026		F(1)		1,900	D	$33.55	148,496	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/ Ariel Borgendale, as attorney-in-fact	04/02/2026
	** 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 Elshareef Ismail?

CarGurus reported that Chief Product Officer Elshareef Ismail had 1,900 shares of Class A Common Stock withheld at $33.55 per share. The shares covered tax liabilities arising from the vesting of restricted stock units, rather than reflecting an open-market trade.

Was the CarGurus (CARG) Form 4 transaction a market sale of shares?

The Form 4 transaction was not an open-market sale. It was a tax-withholding disposition, where 1,900 shares were withheld at $33.55 per share to pay taxes due when restricted stock units vested, as described in the filing footnote and transaction code details.

How many CarGurus (CARG) shares does Elshareef Ismail hold after this transaction?

After the tax-withholding disposition, Elshareef Ismail directly holds 148,496 shares of CarGurus Class A Common Stock. This figure reflects his remaining direct ownership position reported in the Form 4 following the withholding of 1,900 shares for tax obligations.

What does the F transaction code mean in the CarGurus (CARG) Form 4?

The F code indicates a tax-withholding disposition. In this case, 1,900 CarGurus Class A Common Stock shares were delivered at $33.55 per share to satisfy tax liability upon vesting of restricted stock units, rather than being voluntarily sold on the open market.

Which CarGurus (CARG) security was involved in Elshareef Ismail’s Form 4 transaction?

The transaction involved CarGurus Class A Common Stock. Specifically, 1,900 shares were withheld at $33.55 per share to cover tax liability tied to the vesting of restricted stock units, as disclosed in the Form 4 transaction details and accompanying footnote.