Form 4: CarGurus CEO Sells Shares for Tax Obligations
Insider Transaction Report
CarGurus CEO Jason Trevisan disposed of 9,721 Class A Common Stock shares to cover tax liabilities related to restricted stock unit vesting.
Summary
- Jason Trevisan, Chief Executive Officer and Director of CarGurus, Inc. [CARG], reported a transaction involving Class A Common Stock.
- On January 2, 2026, 9,721 shares were disposed of at a price of $37.65 per share.
- This disposition was due to shares being withheld for payment of tax liability upon the vesting of restricted stock units.
- Following this transaction, Trevisan directly beneficially owns 620,762 Class A Common Stock shares.
- Additionally, he indirectly beneficially owns 80,000 shares through the Jason Trevisan 2019 Family Trust and 200,000 shares through the Trevisan 2025 Grantor Retained Annuity Trust (GRAT).
Sentiment
Score: 5
Explanation: This is a neutral, routine transaction for tax purposes, not indicative of positive or negative sentiment towards the company's prospects.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- 80,000 shares are held indirectly by the Jason Trevisan 2019 Family Trust, of which the Reporting Person is trustee and beneficiaries include the Reporting Person and immediate family members.
- 200,000 shares are held indirectly by the Trevisan 2025 Grantor Retained Annuity Trust (GRAT), of which the Reporting Person is trustee and beneficiaries are the Reporting Person's children.
Key Dates
| Date | Description |
|---|---|
| 07/23/2019 | Date of the Jason Trevisan 2019 Family Trust. |
| 03/13/2025 | Date of the Trevisan 2025 Grantor Retained Annuity Trust (GRAT). |
| 01/02/2026 | Date of transaction where shares were withheld for tax liability. |
| 01/05/2026 | Date the Form 4 was signed. |
Recommendation
holdThe Form 4 filing details a routine insider transaction where the CEO disposed of shares to cover tax liabilities upon RSU vesting. This is a common and expected event and does not provide new information that would warrant a change in investment recommendation. The transaction is neutral in nature and does not reflect a change in management's confidence or the company's fundamentals.
Keywords
CarGurus, CARG, Jason Trevisan, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Restricted Stock Units, CEO, Director
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