CarGurus, Inc. — Director's Dealing 2021

Oct 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CarGurus, Inc. (CARG)
CIK: 0001494259
Period of Report: 2021-09-22

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-22	Class A Common Stock	G	369963	—	Disposed	955831	Direct
2021-10-01	Class A Common Stock	F	6217	$32.55	Disposed	930132	Direct
2021-10-01	Class A Common Stock	S	12354	$32.24	Disposed	917778	Direct
2021-10-01	Class A Common Stock	S	15634	$32.74	Disposed	902144	Direct
2021-10-01	Class A Common Stock	S	1373	$32.24	Disposed	82065	Indirect
2021-10-01	Class A Common Stock	S	1737	$32.74	Disposed	80328	Indirect
2021-10-04	Class A Common Stock	S	27628	$31.15	Disposed	874516	Direct
2021-10-04	Class A Common Stock	S	360	$32.22	Disposed	874156	Direct
2021-10-04	Class A Common Stock	S	3070	$31.15	Disposed	77258	Indirect
2021-10-04	Class A Common Stock	S	40	$32.22	Disposed	77218	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	0	Indirect

Footnotes

F1: On September 22, 2021, the Reporting Person transferred 369,963 shares of the Issuer's Class A common stock as a bona fide gift to a charitable family foundation.

F2: Shares withheld for payment of tax liability upon vesting of restricted stock units.

F3: This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F4: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.60 to $32.59 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.

F5: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.60 to $33.06 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.

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 $30.95 to $31.94 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 $31.95 to $32.37 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 shares are owned directly by The Steinert Family Foundation, a family foundation, of which the Reporting Person is trustee. The Reporting Person is an indirect beneficial owner of the reported securities.