Smith Ian G 4
4 · CarGurus, Inc. · Filed Jun 2, 2021
Insider Transaction Report
Form 4
CarGurus, Inc.CARG
Smith Ian G
Director
Transactions
- Award
Class A Common Stock
2021-06-02+5,504→ 134,593 total
Footnotes (2)
- [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 (the "Common Stock"). Subject to the Reporting Person's continuous service as a director of the Issuer, 100% of the RSUs will vest on the first anniversary of the grant date. Such vesting may be accelerated in connection with a Change in Control (as defined in the Issuer's Omnibus Incentive Compensation Plan).
- [F2]The Reporting Person is a managing director of Allen & Company LLC ("Allen"). On March 1, 2021, for no consideration, Allen distributed shares of the Issuer's Common Stock to all of its members on a pro-rata basis, including 47,890 shares of the Issuer's Common Stock to the Reporting Person. The aforementioned distribution was made in accordance with the exemption afforded by Rule 16a-9 of the Securities Exchange Act of 1934, as amended.