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 April 1, 2025, Langley Steinert, the Executive Chair of CarGurus, Inc., disposed of 11,286 shares of Class A Common Stock to cover tax liabilities.
- The shares were disposed of at a price of $29.24 per share.
- Following the transaction, Steinert directly owns 957,893 shares of Class A Common Stock.
- Steinert also has indirect ownership of 51,369 shares held by The Langley Steinert Irrevocable Family Trust, but disclaims beneficial ownership of these shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes. It doesn't convey any particularly positive or negative sentiment about the company's performance or future prospects.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily reflect a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| June 21, 2004 | Date of The Langley Steinert Irrevocable Family Trust |
| 04/01/2025 | Date of stock disposal for tax liabilities |
| 04/03/2025 | Date of signature for the Form 4 filing |
Keywords
CarGurus, Langley Steinert, Executive Chair, Form 4, Stock Disposal, Tax Liabilities, Class A Common Stock, Beneficial Ownership, Restricted Stock Units
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