[Form 4] Cars.com Inc. Insider Trading Activity

Rhea-AI Filing Summary

Matthew B. Crawford, Chief Product Innovation Officer of Cars.com Inc. (CARS), reported a sale of 15,000 common shares on 08/08/2025. The filing lists a weighted average sale price of $11.77 with individual sale prices ranging from $11.66 to $11.96. After the reported sale, Mr. Crawford beneficially owns 98,461 shares, a total that the filing notes includes RSUs.

The transaction was disclosed on a Form 4 signed by Angelique Strong Marks as attorney-in-fact on 08/12/2025. The Form shows direct ownership, no derivative transactions, and the reporting person offers to provide a per-price breakdown of the multiple trades within the disclosed range upon request.

Positive

• Timely disclosure: Form 4 filed and signed on 08/12/2025 documenting the 08/08/2025 transaction
• Price transparency: Filing provides a weighted average sale price of $11.77 and a price range $11.66–$11.96
• Post-transaction ownership disclosed: Reporting person retains 98,461 shares, which the filing notes include RSUs

Negative

• Insider sale reported: 15,000 shares were sold on 08/08/2025, reducing direct holdings
• No per-trade price breakdown in the Form: only a weighted average and range are provided; per-price details are available only upon request

Insights

Financial Analyst

TL;DR: Insider sold 15,000 CARS shares at a weighted $11.77; post-sale ownership is 98,461 shares, including RSUs.

The Form 4 discloses a straightforward open-market sale by an officer on 08/08/2025 for a weighted average price of $11.77, with prices ranging $11.66–$11.96. No options or other derivative instruments are reported. Without information on total outstanding shares or the officer's prior holdings beyond the post-transaction figure, the sale cannot be judged materially positive or negative to valuation. Filing timeliness and the attorney-in-fact signature indicate procedural compliance.

Corporate Governance Expert

TL;DR: Form 4 shows timely, compliant disclosure of an officer's sale; the filing provides a weighted price and offers further detail on request.

The report is signed by an attorney-in-fact and includes an explanatory note that the sales occurred in multiple transactions and that the reporting person will provide per-price details on request. The filing also clarifies that the reported beneficial ownership figure includes RSUs and that no derivative transactions were reported. These elements support transparency and procedural adherence under Section 16 reporting rules.

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
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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^*

Crawford Matthew B.

(Last) (First) (Middle)

C/O CARS.COM INC.

300 S. RIVERSIDE PLAZA, SUITE 1100

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Product Innovation Off.

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	08/08/2025		S		15,000	D	$11.77(1)	98,461(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 $11.66 to $11.96, 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 Matthew B. Crawford	08/12/2025
	** 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.

FAQ

What insider transaction did Cars.com (CARS) report on this Form 4?

Matthew B. Crawford sold 15,000 shares on 08/08/2025 at a weighted average price of $11.77 with prices ranging $11.66–$11.96.

How many CARS shares does the reporting person own after the sale?

98,461 shares beneficially owned after the transaction; the filing states this total includes RSUs.

What is Matthew B. Crawford's role at Cars.com?

He is listed as Chief Product Innovation Officer and filed the Form 4 as an officer.

Were any derivative securities reported in this filing?

No derivative transactions are reported in Table II of the Form 4.

When was the Form 4 signed and who signed it?

The Form 4 was signed by Angelique Strong Marks as Attorney-in-Fact on 08/12/2025.

Is there a detailed per-trade price breakdown in the Form 4?

The Form provides a weighted average price ($11.77) and a price range ($11.66–$11.96); the filer offers to provide a per-price breakdown upon request.