CarGurus, Inc. — Director's Dealing 2024

Feb 9, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CarGurus, Inc. (CARG)
CIK: 0001494259
Period of Report: 2024-02-07

Reporting Person: Trevisan Jason (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-02-07	Class A Common Stock	A	275150	—	Acquired	868416	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	62612	Indirect
Class A Common Stock	17388	Indirect

Footnotes

F1: 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) 4.17% of the RSUs will vest on April 1, 2024 and on the first day of each three-month period thereafter until October 1, 2024; (ii) 9.38% of the RSUs will vest on January 1, 2025; (iii) 9.37% of the RSUs will vest on April 1, 2025 and on the first day of each three-month period thereafter until October 1, 2025; and (iv) 6.25% of the RSUs will vest on January 1, 2026 and on the first day of each three-month period thereafter until October 1, 2027. Such vesting may be accelerated in connection with a Change of Control (as defined in the Issuer's Omnibus Incentive Compensation Plan).

F2: These shares are held directly by the Jason Trevisan 2019 Family Trust dated July 23, 2019 (the "Family Trust"), of which the Reporting Person is trustee. The Reporting Person and members of his immediate family are the beneficiaries of the Family Trust.

F3: These shares are held directly by the Trevisan 2021 Grantor Retained Annuity Trust dated March 12, 2021 (the "GRAT"), of which the Reporting Person is trustee. The Reporting Person's children are the beneficiaries of the GRAT.