Form 4: CarGurus Executive Quinn Matthew Todd Reports Stock Transactions

Chief Technology Officer Matthew Todd Quinn of CarGurus, Inc. reports disposition of shares to cover tax obligations and sales under a pre-arranged trading plan.

Summary

• On April 1, 2025, Matthew Todd Quinn, the Chief Technology Officer of CarGurus, Inc., had 7,250 Class A Common Stock shares withheld for payment of tax liability at a price of $29.24.
• Following this transaction, Quinn directly owned 233,517 shares.
• On April 2, 2025, Quinn sold 4,393 shares of Class A Common Stock at a price of $28.63.
• This sale was executed under a Rule 10b5-1 trading plan.
• After the sale, Quinn directly owned 229,124 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock transactions related to tax obligations and a pre-arranged trading plan, without indicating any significant positive or negative implications for the company.

Industry Context

This filing is a routine disclosure of insider transactions, which are common among publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Executive stock transactions are a normal part of compensation in publicly traded companies like CarGurus.
• Companies like Zillow, AutoTrader, and Cars.com also have executives who regularly report stock transactions.
• The use of Rule 10b5-1 trading plans is a common practice to avoid accusations of insider trading, ensuring transactions are pre-planned and not based on non-public information.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
• However, the use of a Rule 10b5-1 plan suggests the transactions were pre-planned and not based on any inside information.

Key Dates

Keywords

CarGurus, Matthew Todd Quinn, insider trading, Form 4, Class A Common Stock, Rule 10b5-1, stock sale, tax liability, executive compensation