CarGurus, Inc. — Director's Dealing 2020

Aug 8, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CarGurus, Inc. (CARG)
CIK: 0001494259
Period of Report: 2020-08-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-05	Class A Common Stock	S	23640	$30.59	Disposed	636784	Direct
2020-08-05	Class A Common Stock	S	370	$31.11	Disposed	636414	Direct
2020-08-05	Class A Common Stock	S	1945	$30.59	Disposed	157408	Indirect
2020-08-05	Class A Common Stock	S	30	$31.11	Disposed	157378	Indirect
2020-08-06	Class A Common Stock	S	16817	$30.95	Disposed	619597	Direct
2020-08-06	Class A Common Stock	S	7193	$31.68	Disposed	612404	Direct
2020-08-06	Class A Common Stock	S	1383	$30.95	Disposed	155995	Indirect
2020-08-06	Class A Common Stock	S	592	$31.68	Disposed	155403	Indirect
2020-08-07	Class A Common Stock	S	1664	$28.00	Disposed	610740	Direct
2020-08-07	Class A Common Stock	S	10026	$29.29	Disposed	600714	Direct
2020-08-07	Class A Common Stock	S	12321	$29.87	Disposed	588393	Direct
2020-08-07	Class A Common Stock	S	136	$28.00	Disposed	155267	Indirect
2020-08-07	Class A Common Stock	S	824	$29.29	Disposed	154443	Indirect
2020-08-07	Class A Common Stock	S	1014	$29.87	Disposed	153429	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 $30.05 to $31.04 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: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.05 to $31.12 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.

F4: This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by The Langley Steinert Irrevocable Family Trust dated June 21, 2004.

F5: 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.

F6: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.44 to $31.43 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: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.44 to $31.91 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.

F8: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.60 to $28.59 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.

F9: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.60 to $29.59 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.

F10: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.60 to $30.06 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.