CarGurus, Inc. — Director's Dealing 2019

Mar 11, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CarGurus, Inc. (CARG)
CIK: 0001494259
Period of Report: 2019-03-07

Reporting Person: Steinert Langley (Director, CEO and Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-07	Class A Common Stock	S	52833	$39.16	Disposed	5500987	Direct
2019-03-07	Class A Common Stock	S	5870	$39.16	Disposed	648149	Indirect
2019-03-08	Class A Common Stock	S	37157	$38.64	Disposed	5463830	Direct
2019-03-08	Class A Common Stock	S	4128	$38.64	Disposed	644021	Indirect
2019-03-08	Class A Common Stock	S	15676	$39.11	Disposed	5448154	Direct
2019-03-08	Class A Common Stock	S	1742	$39.11	Disposed	642279	Indirect
2019-03-08	Class A Common Stock	G	111000	—	Disposed	5337154	Direct
2019-03-11	Class A Common Stock	S	11743	$39.75	Disposed	5325411	Direct
2019-03-11	Class A Common Stock	S	1307	$39.75	Disposed	640972	Indirect

Footnotes

F1: This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.81 to $39.56 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

F3: This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by The Langley Steinert Irrevocable Family Trust dated June 21, 2004.

F4: These shares are owned directly by The Langley Steinert Irrevocable Family Trust dated June 21, 2004, of which the Reporting Person's children are the beneficiaries. The Reporting Person may be deemed to have indirect ownership over such shares, but expressly disclaims beneficial ownership of such shares.

F5: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.03 to $39.02 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

F6: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.03 to $39.27 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

F7: Represents shares of the Issuer's Class A common stock that the Reporting Person donated as a bona fide gift to a charitable organization for no consideration.

F8: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.29 to $40.03 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.