Jain Sonia 4

What Happened Sonia Jain, Chief Financial Officer of Cars.com Inc. (CARS), sold a total of 86,600 shares in open-market transactions: 52,579 shares on 2026-06-11 for aggregate proceeds of $502,655 (weighted average price $9.56) and 34,021 shares on 2026-06-12 for aggregate proceeds of $322,859 (weighted average price $9.49). Total proceeds from the two sales were about $825,514. These were sales (S) — not purchases — and thus do not represent a direct buy-side signal.

Key Details

• Transaction dates: June 11, 2026 (52,579 shares) and June 12, 2026 (34,021 shares).
• Reported prices: weighted averages $9.56 (June 11) and $9.49 (June 12). Footnotes state the June 11 prices ranged $9.44–$9.65 (F1) and the June 12 prices ranged $9.43–$9.56 (F3); the filer offers to provide the breakdown by price on request.
• Aggregate proceeds: ~$502,655 (6/11) + ~$322,859 (6/12) = ~$825,514.
• Transaction type: Open-market sales (code S).
• Holdings after transaction: Not specified in the provided excerpt; footnote F2 notes that reported holdings include RSUs.
• Filing timeliness: Form filed on 2026-06-15 for transactions on 6/11–6/12; this filing date is within the typical two-business-day Form 4 reporting window and is not indicated as late.

Context Insider sales are common and can reflect routine needs (taxes, diversification, planned sale programs) rather than a view on company fundamentals; this filing provides factual trade details but does not state the seller’s motive. Footnotes indicate weighted-average pricing across multiple trades and that the filer will disclose per-price details if requested.