Form 4: CarGurus Director Greg Schwartz Sells 12,500 Shares
SEC Form 4 Filing
Director Greg Schwartz sold 12,500 shares of CarGurus, Inc. at a price of $24.04 on May 14, 2024.
Summary
- On May 14, 2024, Greg Schwartz, a director of CarGurus, Inc., sold 12,500 shares of Class A Common Stock.
- The sale price was $24.04 per share.
- Following the transaction, Schwartz directly owns 14,096 shares of CarGurus, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a transaction by an insider. It doesn't inherently convey positive or negative sentiment, but rather reports a factual event.
Industry Context
This sale is a routine transaction for a company director and may not necessarily reflect a change in the company's prospects.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder confidence, but is unlikely to be significant given the size of the transaction relative to the company's overall market capitalization.
Key Dates
| Date | Description |
|---|---|
| 2023-08-16 | Date of execution for the Power of Attorney. |
| 2024-05-14 | Date of transaction: Greg Schwartz sold 12,500 shares of CarGurus stock. |
| 2024-05-15 | Date of signature for the filing. |
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