Form 4: CarGurus CEO Jason Trevisan Reports Changes in Beneficial Ownership

CEO Jason Trevisan reports a transaction involving the withholding of shares for tax liability and indirect ownership through family trusts.

Summary

• Jason Trevisan, CEO of CarGurus, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On April 1, 2025, 18,782 Class A Common Stock shares were withheld for payment of tax liability upon the vesting of restricted stock units at a price of $29.24.
• Following the transaction, Trevisan directly owns 736,047 shares of Class A Common Stock.
• Trevisan also indirectly owns 80,000 shares through the Jason Trevisan 2019 Family Trust and 200,000 shares through the Trevisan 2025 Grantor Retained Annuity Trust.
• The Family Trust, dated July 23, 2019, benefits Trevisan and his immediate family, while the GRAT, dated March 13, 2025, benefits Trevisan's children.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions for tax purposes and trust management, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to tax obligations and trust management, which are common financial planning activities for executives.

Key Dates

Keywords

Form 4, beneficial ownership, CarGurus, Jason Trevisan, stock transaction, Class A Common Stock, family trust, GRAT, tax liability, restricted stock units