CarGurus, Inc. — Director's Dealing 2024

Nov 12, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CarGurus, Inc. (CARG)
CIK: 0001494259
Period of Report: 2024-11-08

Reporting Person: Zales Samuel (COO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-11-08	Class A Common Stock	M	15807	$35.61	Acquired	465628	Direct
2024-11-08	Class A Common Stock	S	4950	$36.137	Disposed	460678	Direct
2024-11-08	Class A Common Stock	S	10857	$37.73	Disposed	449821	Direct
2024-11-11	Class A Common Stock	M	118710	$35.61	Acquired	568531	Direct
2024-11-11	Class A Common Stock	S	118710	$36.4977	Disposed	449821	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-11-08	Stock Option	$35.61	M	15807	Disposed	2031-02-10	Class A Common Stock (15807)	Direct
2024-11-11	Stock Option	$35.61	M	118710	Disposed	2031-02-10	Class A Common Stock (118710)	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: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.00 to $36.36 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 U.S. 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 $37.31 to $37.88 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 U.S. 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 $36.00 to $36.745 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 U.S. Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

F6: 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).