Form 4: CarGurus CEO Jason Trevisan Reports Stock Transactions
SEC Form 4 Filing
CarGurus CEO Jason Trevisan reports the withholding of shares for tax liability and a distribution of shares from a grantor retained annuity trust to a family trust.
Summary
- Jason Trevisan, CEO of CarGurus, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's Class A Common Stock.
- On July 1, 2024, 26,271 shares were withheld for payment of tax liability upon the vesting of restricted stock units at a price of $24.98.
- On June 28, 2024, the Trevisan 2021 Grantor Retained Annuity Trust distributed 17,388 shares to the Jason Trevisan 2019 Family Trust.
- Following the reported transactions, Trevisan directly owns 815,875 shares of Class A Common Stock.
- Trevisan also indirectly owns 80,000 shares through the Trevisan 2021 Grantor Retained Annuity Trust and an unspecified amount through the Jason Trevisan 2019 Family Trust, of which he is trustee and a beneficiary.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't convey any particular positive or negative sentiment about the company's performance or prospects.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It doesn't necessarily indicate a change in the company's outlook or performance.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies.
- Similar filings are made by executives at companies like Zillow, Autotrader, and Cars.com, reflecting their individual investment decisions and compensation structures.
- The size and frequency of these transactions can vary widely based on the executive's role, compensation package, and personal financial situation.
Key Dates
| Date | Description |
|---|---|
| March 12, 2021 | Date of the Trevisan 2021 Grantor Retained Annuity Trust. |
| July 23, 2019 | Date of the Jason Trevisan 2019 Family Trust. |
| June 28, 2024 | Date of distribution of 17,388 shares from the GRAT to the Family Trust. |
| July 01, 2024 | Date of withholding of 26,271 shares for tax liability. |
| July 03, 2024 | Date of signature on the Form 4 filing. |
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