Form 4: CarGurus Executive Dafna Sarnoff Reports Stock Transaction
SEC Form 4 Filing
Dafna Sarnoff, Chief Marketing Officer of CarGurus, Inc., reports a transaction involving Class A Common Stock on July 1, 2024, where shares were withheld for payment of tax liability upon vesting of restricted stock units.
Summary
- On July 1, 2024, Dafna Sarnoff, the Chief Marketing Officer of CarGurus, Inc., had shares of Class A Common Stock withheld to cover tax liabilities upon the vesting of restricted stock units.
- A total of 3,880 shares were withheld at a price of $24.98 per share.
- Following the transaction, Sarnoff directly owns 150,744 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting a standard tax withholding process. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.
Industry Context
This is a routine Form 4 filing, which is common for corporate insiders who have transactions in their company's stock. It provides transparency to the market regarding insider activity.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax-related event for an executive.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of the stock transaction where shares were withheld for tax liability. |
| 07/03/2024 | Date of signature for the Form 4 filing. |
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