Cars.com (CARS) CLO Angelique Strong Sells 57,980 Shares

What Happened Angelique Strong, Chief Legal Officer of Cars.com (CARS), sold 57,980 shares in an open-market transaction on August 17, 2026. The weighted-average sale price was $11.94 per share (range $11.83–$12.05), producing gross proceeds of approximately $692,281. This was a sale (not a purchase or exercise) and typically regarded as a disposition of holdings rather than a bullish insider purchase.

Key Details

• Transaction date: 2026-08-17 (reported on Form 4 filed 2026-08-19).
• Transaction type/code: Open-market sale (S).
• Shares sold: 57,980; weighted-average price: $11.94; price range across trades: $11.83–$12.05.
• Proceeds: About $692,281.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 notes the weighted-average price and that shares were sold in multiple transactions; the reporting person will provide per-price breakdown on request. F2 indicates reported holdings include RSUs.
• Timeliness: Filing was submitted two days after the transaction, consistent with typical insider reporting windows (not marked late).

Context This report documents a sale of shares by an executive—such transactions can be routine (e.g., portfolio rebalancing or tax-related sales). The filing provides a price range due to multiple trades; no 10b5-1 plan, exercise, gift, or other special condition is indicated in the disclosed information.