STOCK TITAN

Cars.com (NYSE: CARS) affiliate to sell 8,000 shares

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Cars.com Inc. (CARS) received a notice that Donald A. McGovern, identified as an affiliate, plans to sell up to 8,000 shares of Cars.com common stock under Rule 144 through Merrill Lynch on the NYSE. The shares relate to restricted stock units (RSUs) dated June 1, 2023.

Positive

  • None.

Negative

  • None.
Shares proposed to be sold 8,000 shares of common stock Maximum amount under Rule 144 notice by Donald A. McGovern
Aggregate market value of proposed sale $97,638.24 Value associated with 8,000 Cars.com common shares in the Form 144
Equity award type and date Restricted stock units (RSUs) dated June 1, 2023 Source of shares listed in the securities to be sold section
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock units (RSUs) financial
"RESTRICTED STOCK UNITS (RSUs) | CARS.COM"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
affiliate regulatory
"In addition, information shall be given as to sales by all persons ... AFFILIATE"

FAQ

What does the Form 144 filing disclose for CARS?

It discloses that Donald A. McGovern, an affiliate of Cars.com Inc. (CARS), intends to sell up to 8,000 shares of Cars.com common stock under Rule 144 through Merrill Lynch.

How many CARS shares are proposed to be sold under this Form 144?

The filing states that up to 8,000 shares of Cars.com Inc. (CARS) common stock are proposed to be sold under Rule 144.

What is the approximate market value of the CARS shares in this Form 144?

The Form 144 shows an aggregate market value of about $97,638.24 for the 8,000 shares of Cars.com Inc. (CARS) common stock proposed for sale.

Through which broker and market will the CARS shares be sold?

The Form 144 lists Merrill Lynch as the broker for the proposed sale of Cars.com Inc. (CARS) common stock, with the shares to be sold on the NYSE.

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

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature