Cars.com (NYSE: CARS) director sells 8,000 shares at $12.25 each

Rhea-AI Filing Summary

Cars.com Inc. (CARS) director Donald A. McGovern Jr. reported selling 8,000 shares of Cars.com common stock on 2026-08-20 in a sale classified as a non-derivative open-market or private transaction. The shares were sold at a weighted average price of $12.25 per share, with individual sale prices ranging from $12.25 to $12.27. Following this sale, McGovern directly holds 102,900 shares of Cars.com common stock, a figure that includes RSUs. The filing does not indicate that the transaction was made under a Rule 10b5-1 trading plan.

Insider Trade Summary

Net Seller: 8,000 shares

Net Sell 1 txn

Insider McGovern Jr. Donald A.

Role Director

Sold 8,000 shs ($98K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	8,000	$12.25	$98K

Holdings After Transaction: Common Stock — 102,900 shares (Direct)

Footnotes (2)

1. F1. The sales price is a weighted average price. Shares were sold in multiple transactions at prices ranging from $12.25 to $12.27, inclusive. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within such range upon request to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission.
2. F2. Includes RSUs.

Key Figures

Shares sold: 8,000 shares of common stock Weighted average sale price: $12.25 per share Price range of sales: $12.25 to $12.27 per share +1 more

4 metrics

Shares sold 8,000 shares of common stock Non-derivative sale on 2026-08-20 by director Donald A. McGovern Jr.

Weighted average sale price $12.25 per share Sale of 8,000 shares in multiple transactions, prices $12.25–$12.27

Price range of sales $12.25 to $12.27 per share Range of execution prices for the 8,000 shares sold

Shares owned after transaction 102,900 shares Direct holdings after sale, including RSUs

Key Terms

weighted average price, RSUs, non-derivative

3 terms

weighted average price financial

"The sales price is a weighted average price. Shares were sold in multiple"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

RSUs financial

"Includes RSUs."

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

non-derivative financial

"transaction_type": "non-derivative""

FAQ

What insider transaction did CARS director Donald A. McGovern Jr. report?

He reported a sale of 8,000 shares of Cars.com (CARS) common stock on 2026-08-20 in a non-derivative open-market or private transaction at a weighted average price of $12.25 per share.

At what price did the CARS insider shares trade in this Form 4?

The reported weighted average sale price was $12.25 per share, with individual trades executed at prices ranging from $12.25 to $12.27, inclusive, for the 8,000 shares sold.

How many CARS shares does Donald A. McGovern Jr. hold after this transaction?

After the reported sale, Donald A. McGovern Jr. directly holds 102,900 shares of Cars.com (CARS) common stock, and this amount includes RSUs according to the filing footnote.

Was the CARS insider sale made under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not selected, and no footnote states that the 8,000-share sale of Cars.com (CARS) stock was made pursuant to a Rule 10b5-1 trading plan.

What type of security was involved in this CARS Form 4 transaction?

The transaction involved Cars.com Inc. common stock as a non-derivative security. The director sold 8,000 shares and retained a direct holding of 102,900 shares, which includes RSUs.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/24/2026 - 05:01 PM Accepted by SEC EDGAR 08/24/2026 - 05:00 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).

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^*

McGovern Jr. Donald A.

(Last) (First) (Middle)

C/O CARS.COM INC.

300 S. RIVERSIDE PLAZA, SUITE 1100

(Street)

CHICAGO ILLINOIS 60606

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Cars.com Inc. [ CARS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2026

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
Common Stock	08/20/2026		S		8,000	D	$12.25(1)	102,900(2)	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. The sales price is a weighted average price. Shares were sold in multiple transactions at prices ranging from $12.25 to $12.27, inclusive. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within such range upon request to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission.

2. Includes RSUs.

	/s/Angelique Strong Marks, as Attorney-in-Fact for Donald A. McGovern, Jr.	08/24/2026
	** 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)