Form 4: CarGurus CEO Jason Trevisan Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CarGurus CEO Jason Trevisan reports a transaction involving the withholding of shares for tax liability and discloses beneficial ownership through family trusts.
Summary
- On April 1, 2024, Jason Trevisan, CEO of CarGurus, Inc., reported changes in his beneficial ownership of Class A Common Stock.
- 26,270 shares were withheld for payment of tax liability upon the vesting of restricted stock units at a price of $23 per share.
- Following the transaction, Trevisan directly owns 842,146 shares of Class A Common Stock.
- Trevisan also indirectly owns 62,612 shares through the Jason Trevisan 2019 Family Trust and 17,388 shares through the Trevisan 2021 Grantor Retained Annuity Trust.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies like CarGurus.
Comparison to Industry Standards
- Executive compensation and stock ownership disclosures are standard practice for publicly traded companies.
- Similar filings are made by executives at comparable companies like AutoTrader and Cars.com.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it primarily reflects tax obligations related to executive compensation.
- The disclosure provides transparency regarding executive stock ownership, which can be of interest to investors.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction involving Class A Common Stock. |
| 04/03/2024 | Date of signature for the report. |
| July 23, 2019 | Date of the Jason Trevisan 2019 Family Trust. |
| March 12, 2021 | Date of the Trevisan 2021 Grantor Retained Annuity Trust. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.