CarGurus, Inc. — Director's Dealing 2023

Dec 4, 2023

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CarGurus, Inc. (CARG)
CIK: 0001494259
Period of Report: 2023-12-01

Reporting Person: Hallowell Zachary Emerson (CEO, CarOffer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	156075	Direct

Footnotes

F1: The total reported in column 2 represents shares issuable upon settlement of restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock. Subject to the Reporting Person's continuous service as an employee of the Issuer, such RSUs will vest as follows: (i) 25% of the 100,334 RSUs initially granted to the Reporting Person will vest on October 16, 2024 and 6.25% of the RSUs will vest on the last day of each three-month period thereafter until October 16, 2027; and (ii) 12.5% of the 55,741 RSUs initially granted to the Reporting Person will vest on January 1, 2024 and every quarter thereafter until October 1, 2025. Such vesting may be accelerated in connection with a Change of Control (as defined in the Issuer's Omnibus Incentive Compensation Plan (the "2017 Plan")).