Form 4: CarGurus Executive Chair's Stock Transaction

CarGurus Executive Chair Langley Steinert reported a disposition of 7,761 Class A Common Stock shares for tax purposes on January 2, 2026, following restricted stock unit vesting.

Summary

• Langley Steinert, Executive Chair, Director, and 10% Owner of CarGurus, Inc. (CARG), reported a transaction involving Class A Common Stock.
• On January 2, 2026, 7,761 shares of Class A Common Stock were disposed of at a price of $37.65 per share.
• This disposition was due to shares being withheld for payment of tax liability upon the vesting of restricted stock units, indicated by transaction code 'F'.
• Following this transaction, Langley Steinert directly beneficially owns 463,113 shares of Class A Common Stock.
• An additional number of Class A Common Stock shares are indirectly owned by The Langley Steinert Irrevocable Family Trust dated June 21, 2004, for which the Reporting Person disclaims beneficial ownership.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary disposition of shares for tax withholding purposes upon the vesting of restricted stock units. This transaction is neutral in sentiment as it does not reflect a change in investment conviction or company performance.

Industry Context

This filing is a routine disclosure of an insider transaction and does not provide information directly related to broader industry trends or competitive landscape within the online automotive marketplace sector.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not indicate a change in the insider's investment outlook or company fundamentals.

Key Dates

Recommendation

The filing details a routine insider transaction where shares were withheld for tax purposes upon restricted stock unit vesting. This is a non-discretionary event and does not reflect a change in the insider's investment conviction or the company's fundamentals, thus warranting a 'hold' recommendation based solely on this filing.

Keywords

CarGurus, CARG, Langley Steinert, Insider Transaction, Form 4, SEC Filing, Stock Disposition, Restricted Stock Units, Tax Withholding, Executive Chair, Director, 10% Owner