Hanson Jennifer Ladd 4

What Happened

• Jennifer L. Hanson, Chief People Officer of CarGurus, disposed of a total of 3,691 shares across two transactions. On 2026-03-31 she sold 2,499 shares in an open-market sale at $35.61 each for proceeds of $88,989. On 2026-04-01, 1,192 shares were disposed at $33.55 each for $39,992 (total proceeds across both transactions ≈ $128,981). Both actions are sales (not purchases).

Key Details

• Transactions and prices:
  • 2026-03-31 — Open market sale (S): 2,499 shares @ $35.61 = $88,989. (Footnote: sold under a Rule 10b5-1 trading plan.)
  • 2026-04-01 — Shares withheld for tax liability (F): 1,192 shares @ $33.55 = $39,992. (Footnote: withholding to cover taxes upon RSU vesting.)
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes: F1 indicates the 3/31 sale was made pursuant to a Rule 10b5-1 plan; F2 indicates the 4/1 disposal was shares withheld to satisfy tax withholding on vested restricted stock units.
• Filing timeliness: Form 4 was filed on 2026-04-02; based on the transaction dates this appears to be timely (no late-file indication provided).

Context

• The 3/31 sale was an open-market sale executed under a pre-existing 10b5-1 plan, and the 4/1 disposition reflects tax withholding on vested RSUs — both are common, routine insider transactions and do not, by themselves, indicate a change in the insider’s view of the company.