Form 4: CarGurus Executive Matthew Todd Quinn Reports Stock Transactions

Matthew Todd Quinn, Chief Technology Officer of CarGurus, Inc., reported the acquisition and disposal of Class A Common Stock on July 1st and 2nd, 2024.

Summary

• On July 1, 2024, Matthew Todd Quinn, the Chief Technology Officer of CarGurus, Inc., had shares withheld for payment of tax liability upon vesting of restricted stock units, resulting in the disposal of 6,972 shares at a price of $24.98.
• Following this transaction, Quinn directly owned 221,352 shares of Class A Common Stock.
• On July 2, 2024, Quinn sold 3,978 shares of Class A Common Stock at a price of $24.91.
• This sale was executed under a pre-arranged Rule 10b5-1 trading plan.
• After the sale, Quinn directly owned 217,374 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock transactions by an executive, which are part of normal business operations and pre-planned.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in trading activities by company insiders. These filings are closely monitored by investors seeking insights into management's perspective on the company's stock.

Key Dates