CarGurus, Inc. — Director's Dealing 2021

Nov 12, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CarGurus, Inc. (CARG)
CIK: 0001494259
Period of Report: 2021-11-09

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-09	Class A Common Stock	S	37315	$35.96	Disposed	701581	Direct
2021-11-09	Class A Common Stock	S	3701	$36.72	Disposed	697880	Direct
2021-11-09	Class A Common Stock	S	904	$37.83	Disposed	696976	Direct
2021-11-09	Class A Common Stock	S	62	$38.40	Disposed	696914	Direct
2021-11-09	Class A Common Stock	S	4146	$35.96	Disposed	58047	Indirect
2021-11-09	Class A Common Stock	S	411	$36.72	Disposed	57636	Indirect
2021-11-09	Class A Common Stock	S	101	$37.83	Disposed	57535	Indirect
2021-11-09	Class A Common Stock	S	7	$38.40	Disposed	57528	Indirect
2021-11-10	Class A Common Stock	S	24489	$37.81	Disposed	672425	Direct
2021-11-10	Class A Common Stock	S	12734	$38.77	Disposed	659691	Direct
2021-11-10	Class A Common Stock	S	4759	$39.18	Disposed	654932	Direct
2021-11-10	Class A Common Stock	S	2721	$37.81	Disposed	54807	Indirect
2021-11-10	Class A Common Stock	S	1415	$38.77	Disposed	53392	Indirect
2021-11-10	Class A Common Stock	S	529	$39.18	Disposed	52863	Indirect
2021-11-11	Class A Common Stock	S	23600	$38.78	Disposed	631332	Direct
2021-11-11	Class A Common Stock	S	18382	$39.36	Disposed	612950	Direct
2021-11-11	Class A Common Stock	S	2623	$38.78	Disposed	50240	Indirect
2021-11-11	Class A Common Stock	S	2042	$39.36	Disposed	48198	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 $35.32 to $36.31 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 $36.32 to $37.31 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: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.32 to $38.31 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.

F5: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.32 to $38.40 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: This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by The Langley Steinert Irrevocable Family Trust dated June 21, 2004.

F7: 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.

F8: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.08 to $38.07 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 $38.08 to $39.07 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 $39.08 to $39.48 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.

F11: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.01 to $39.00 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.

F12: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.01 to $39.71 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.