CarGurus, Inc. — Director's Dealing 2020

Feb 25, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CarGurus, Inc. (CARG)
CIK: 0001494259
Period of Report: 2020-02-21

Reporting Person: Welch Sarah Amory (Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-21	Class A Common Stock	M	11000	—	Acquired	260343	Direct
2020-02-21	Class A Common Stock	F	4844	$27.60	Disposed	249343	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-21	Restricted Stock Units	$	M	11000	Disposed		Class B Common Stock (11000)	Direct

Footnotes

F1: Represents the conversion of Class B common stock into Class A common stock at the Reporting Person's election.

F2: Shares withheld for payment of tax liability upon vesting of restricted stock units ("RSUs").

F3: Such RSUs convert into shares of Class B common stock on a one-for-one basis.

F4: Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.

F5: On October 11, 2017, the Reporting Person was granted 176,000 RSUs convertible into shares of Class B common stock. The RSUs were subject to a liquidity- and service-based vesting requirements, each of which have been satisfied in full.