Form 4: CarGurus Executive Chair Langley Steinert Reports Stock Transaction

Langley Steinert, Executive Chair of CarGurus, reports a transaction involving Class A Common Stock on January 2, 2025, including shares withheld for tax liability and shares held in an irrevocable family trust.

Summary

• On January 2, 2025, Langley Steinert, the Executive Chair of CarGurus, Inc., reported a transaction involving Class A Common Stock.
• 7,252 shares were withheld for payment of tax liability upon the vesting of restricted stock units at a price of $35.73.
• Following the transaction, Steinert directly owns 888,870 shares of Class A Common Stock.
• Steinert may be deemed to have indirect ownership of 51,368 shares held by The Langley Steinert Irrevocable Family Trust, but disclaims beneficial ownership of these shares.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing, simply reporting a transaction. There's no inherent positive or negative sentiment associated with it.

Management Comments

• The Reporting Person may be deemed to have indirect ownership over such shares, but expressly disclaims beneficial ownership of such shares.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It's a standard practice for executives and major shareholders to report changes in their ownership positions.

Stakeholder Impact

• The transaction itself is unlikely to have a significant impact on stakeholders, as it primarily involves shares withheld for tax purposes and shares held in a family trust.

Key Dates