CarGurus (CARG) COO Samuel Zales Withholds 11,525 Shares for Taxes

What Happened

• Samuel Zales, Chief Operating Officer and President of CarGurus (CARG), had 11,525 shares withheld to satisfy tax obligations upon the vesting of restricted stock units (RSUs). The withholding was recorded at $33.55 per share, totaling approximately $386,664. This was a tax-withholding disposition (Form 4 code F), not an open-market sale.

Key Details

• Transaction date: 2026-04-01
• Price per share: $33.55
• Shares withheld/disposed: 11,525
• Total value: ~$386,664
• Transaction code and footnote: F — shares withheld for payment of tax liability upon RSU vesting (Footnote F1)
• Filing date: 2026-04-02 (filed the day after the transaction; appears timely under Form 4 rules)
• Shares owned after the transaction: not disclosed in the provided filing

Context

• This was a tax-withholding event tied to RSU vesting (a routine administrative disposition), effectively a "cashless" settlement to cover taxes rather than a directional bet on the stock.
• Such withholdings are common for executives receiving equity compensation and do not necessarily indicate insider sentiment about the company.