Form 4: CarGurus Director Greg M. Schwartz Sells 11,000 Shares
SEC Form 4 Filing
Director Greg M. Schwartz sold 11,000 shares of CarGurus, Inc. Class A Common Stock on August 28, 2024, at an average price of $28.29.
Summary
- On August 28, 2024, Greg M. Schwartz, a director of CarGurus, Inc., sold 11,000 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $28.29 per share.
- The prices for individual transactions ranged from $28.28 to $28.38.
- Following the transaction, Schwartz directly owns 10,129 shares of CarGurus, Inc.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
This is a routine disclosure of a transaction by a company insider. It's common for directors and officers to buy and sell shares of their company's stock.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 08/28/2024 | Date of transaction: Greg M. Schwartz sold 11,000 shares of CarGurus Class A Common Stock. |
| 08/29/2024 | Date of report filing. |
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