CarGurus, Inc. — Director's Dealing 2025

Mar 18, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CarGurus, Inc. (CARG)
CIK: 0001494259
Period of Report: 2025-03-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-14	Class A Common Stock	G	200000	—	Disposed	546028	Direct
2025-03-14	Class A Common Stock	G	200000	—	Acquired	200000	Indirect
2025-03-17	Class A Common Stock	A	208801	—	Acquired	754829	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	80000	Indirect

Footnotes

F1: On March 14, 2025, the Reporting Person transferred 200,000 shares of the Issuer's Class A Common Stock to the Trevisan 2025 Grantor Retained Annuity Trust dated March 13, 2025 (the "GRAT"), of which the Reporting Person is trustee. The Reporting Person's children are the beneficiaries of the GRAT.

F2: These shares are held directly by the Trevisan 2025 GRAT, of which the Reporting Person is trustee. The Reporting Person's children are the beneficiaries of the GRAT.

F3: 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, 6.25% of the RSUs will vest on April 1, 2025 and 6.25% of the RSUs will vest on the first day of each three-month period thereafter until January 1, 2029. Such vesting may be accelerated in connection with a Change of Control (as defined in the Issuer's Omnibus Incentive Compensation Plan).

F4: 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.