Form 4: CarGurus CEO Jason Trevisan Sells Shares to Cover Tax Obligations

CarGurus CEO Jason Trevisan sold 28,078 shares of Class A Common Stock to cover tax liabilities related to vesting restricted stock units.

Summary

• Jason Trevisan, the CEO of CarGurus, Inc., sold 28,078 shares of Class A Common Stock on January 2, 2025.
• The sale was executed at a price of $35.73 per share.
• This transaction was to cover tax liabilities associated with the vesting of restricted stock units.
• Following the transaction, Trevisan directly owns 750,028 shares of Class A Common Stock.
• He also indirectly owns 80,000 shares through the Jason Trevisan 2019 Family Trust.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 28,078 shares is not unusual for a CEO of a company the size of CarGurus.
• Similar transactions are regularly reported by executives at comparable companies such as AutoTrader and Cars.com.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

CarGurus, Jason Trevisan, insider trading, stock sale, Form 4, executive compensation, restricted stock units, tax liability