Form 4: CarGurus Executive Chair Langley Steinert Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Langley Steinert, Executive Chair of CarGurus, Inc., reports the disposal of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On July 1, 2024, Langley Steinert, the Executive Chair of CarGurus, Inc., disposed of 11,527 shares of Class A Common Stock to cover tax liabilities.
- The shares were disposed of at a price of $24.98 per share.
- Following the transaction, Steinert directly owns 445,351 shares of Class A Common Stock.
- Steinert also indirectly owns shares through The Langley Steinert Irrevocable Family Trust, for which he disclaims beneficial ownership.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| June 21, 2004 | Date of The Langley Steinert Irrevocable Family Trust |
| July 1, 2024 | Date of stock disposal for tax liability |
| July 3, 2024 | Date of signature for the Form 4 filing |
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