Elshareef Ismail 4

What Happened

• Ismail, Chief Product Officer of CarGurus (CARG), disposed of a total of 3,110 shares in connection with RSU vesting and an open-market sale. On 2026-01-30, 1,465 shares were withheld to cover tax withholding upon RSU vesting (value $47,466). On 2026-02-02, he sold 1,645 shares in the open market at $32.21 per share for proceeds of $52,985. Total value of the two dispositions was $100,451.
• These actions are disposals (sales/withholding) rather than purchases; tax withholding on RSUs is routine, and the open-market sale was made under a pre-established trading plan.

Key Details

• Transaction dates and prices:
  • 2026-01-30: 1,465 shares withheld for taxes at $32.40 each (F1) — $47,466.
  • 2026-02-02: 1,645 shares sold open market at $32.21 each (F2) — $52,985.
• Total shares disposed: 3,110; total value ≈ $100,451.
• Shares owned after transaction: not specified in the disclosed excerpt of the filing.
• Footnotes:
  • F1 = shares withheld to pay tax liability upon RSU vesting (routine).
  • F2 = sale executed pursuant to a Rule 10b5-1 trading plan (pre-arranged sale).
• Filing timeliness: Form 4 filed 2026-02-03; there is no indication in the filing that it was late.

Context

• Tax-withholding on vested restricted stock units is customary and does not imply a separate voluntary sale by the insider. The 10b5-1 plan sale indicates the open-market sale was pre-scheduled under a trading plan, which is meant to avoid trading on non-public information. Purchases generally carry more weight as bullish signals; these transactions are routine dispositions.