CarGurus, Inc. — Director's Dealing 2019

Feb 15, 2019

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CarGurus, Inc. (CARG)
CIK: 0001494259
Period of Report: 2019-02-13

Reporting Person: Lomeli Kyle (Chief Technology Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	59080	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$6.78	2025-10-15	Class A Common Stock (9400)		Direct
Employee Stock Option (Right to Buy)	$6.78	2025-10-15	Class B Common Stock (18800)		Direct

Footnotes

F1: The total reported in column 2 includes 25,235 shares issuable upon settlement of restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock. Subject to the Reporting Person's continuous service as an employee of the Issuer, such RSUs will vest as follows: (i) 6.25% of the 22,650 RSUs initially granted to the Reporting Person will vest on April 1, 2019 and every quarter thereafter until January 1, 2022; and (ii) 6.25% of the 9,425 RSUs initially granted to the Reporting Person will vest on May 1, 2019 and every quarter thereafter until August 1, 2022.

F2: This option was granted on October 15, 2015 and is currently vested and exercisable with respect to 7,642 shares of Class A common stock underlying the option. 586 shares of Class A common stock subject to the option will vest and become exercisable on each of April 15, 2019, July 15, 2019 and October 15, 2019.

F3: This option was granted on October 15, 2015 and is currently vested and exercisable with respect to 15,284 shares of Class B common stock underlying the option. 1,172 shares of Class B common stock subject to the option will vest and become exercisable on each of April 15, 2019, July 15, 2019 and October 15, 2019.