CarGurus, Inc. — Director's Dealing 2022

Mar 1, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CarGurus, Inc. (CARG)
CIK: 0001494259
Period of Report: 2022-02-25

Reporting Person: Zales Samuel (COO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-25	Class A Common Stock	M	11669	$35.61	Acquired	425888	Direct
2022-02-25	Class A Common Stock	S	11669	$45.00	Disposed	414219	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-25	Stock Option	$35.61	M	11669	Disposed	2031-02-10	Class A Common Stock (11669)	Direct

Footnotes

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

F2: This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F3: Subject to the Reporting Person's continuous service as an employee of the Issuer, 6.25% of the shares underlying the stock option vested and became exercisable on April 1, 2021 and 6.25% of the shares underlying the stock option will vest and become exercisable (or have vested and became exercisable, as applicable) on the last day of each three-month period thereafter until January 1, 2025. Such vesting may be accelerated in connection with a Change of Control (as defined in the Issuer's Omnibus Incentive Compensation Plan).