Form 4: CarGurus Executive Quinn Matthew Todd Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Chief Technology Officer of CarGurus, Matthew Todd Quinn, reports the disposal of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On April 1, 2024, Matthew Todd Quinn, the Chief Technology Officer of CarGurus, Inc., disposed of 4,969 shares of Class A Common Stock to cover tax liabilities.
- The shares were sold at a price of $23.
- Following the transaction, Quinn directly owns 228,324 shares of CarGurus Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock vesting and tax obligations, and doesn't indicate a significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Disposal of shares to cover tax liability. |
| 04/03/2024 | Date of signature for the report. |
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