What triggered the tax-withholding share disposition at CarGurus (CARG)?

The disposition was triggered by the vesting of restricted stock units. According to the footnote, shares were withheld to pay the associated tax liability, which is a standard mechanism for handling taxes on equity-based compensation awards.

CarGurus (CARG) Chief People Officer has shares withheld for RSU taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

CarGurus, Inc. Chief People Officer Jennifer Ladd Hanson reported a routine tax-withholding share disposition related to equity compensation. On this Form 4, 1,039 shares of Class A Common Stock were withheld at $35.28 per share to cover tax liability upon vesting of restricted stock units, as noted in the footnote. After this non-market transaction, she directly holds 100,690 shares of CarGurus Class A Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hanson Jennifer Ladd

Role Chief People Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	1,039	$35.28	$37K

Holdings After Transaction: Class A Common Stock — 100,690 shares (Direct)

Footnotes (1)

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Key Figures

Shares withheld for taxes: 1,039 shares Per-share value reported: $35.28 per share Shares held after transaction: 100,690 shares +1 more

4 metrics

Shares withheld for taxes 1,039 shares Tax-withholding disposition on RSU vesting

Per-share value reported $35.28 per share Value used for tax-withholding disposition reporting

Shares held after transaction 100,690 shares Direct holdings following tax-withholding disposition

Tax-withholding share count 1,039 shares transactionSummary taxWithholdingShares

Key Terms

restricted stock units, tax-withholding disposition, Class A Common Stock, Form 4

4 terms

restricted stock units financial

"Shares withheld for payment of tax liability upon vesting of restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax-withholding disposition financial

"transaction_action: tax-withholding disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Class A Common Stock financial

"security_title: Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

03/31/2026 - 04:33 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hanson Jennifer Ladd

(Last)

(First)

(Middle)

1001 BOYLSTON STREET, 16TH FLOOR

(Street)

BOSTON

MASSACHUSETTS

02115

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CarGurus, Inc. [ CARG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief People Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	03/30/2026		F⁽¹⁾		1,039	D	$35.28	100,690	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares withheld for payment of tax liability upon vesting of restricted stock units.

	/s/ Ariel Borgendale, as attorney-in-fact	03/31/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CarGurus (CARG) report for Jennifer Ladd Hanson?

CarGurus reported that Chief People Officer Jennifer Ladd Hanson had 1,039 Class A Common shares withheld to cover taxes on vesting restricted stock units. This was a tax-withholding disposition, not an open-market sale or purchase of shares.

Was the CarGurus (CARG) Form 4 transaction a sale of shares?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 1,039 shares of Class A Common Stock were withheld by the company to satisfy tax liabilities when restricted stock units vested for the executive.

How many CarGurus (CARG) shares were involved in the tax withholding?

The filing states that 1,039 shares of CarGurus Class A Common Stock were withheld. These shares were used to pay tax obligations arising from the vesting of restricted stock units, as described in the accompanying Form 4 footnote.

At what price were the withheld CarGurus (CARG) shares valued on the Form 4?

The 1,039 withheld shares were valued at $35.28 per share on the Form 4. This per-share value is used for reporting the tax-withholding disposition associated with the vesting of restricted stock units for the executive.

How many CarGurus (CARG) shares does Jennifer Ladd Hanson hold after this transaction?

After the reported tax-withholding disposition, Jennifer Ladd Hanson directly holds 100,690 shares of CarGurus Class A Common Stock. This figure reflects her direct ownership following the withholding of 1,039 shares for tax obligations.