Hanson Jennifer Ladd 4

What Happened
Jennifer Ladd Hanson, Chief People Officer of CarGurus, sold 567 shares of CarGurus common stock on April 2, 2026, at $33.04 per share for total proceeds of $18,734. The transaction is reported as a sale (S) and was executed under a Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-04-02
• Price per share: $33.04; total value: $18,734
• Transaction type: Open-market/private sale (Code S)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnote: Sale effected pursuant to a Rule 10b5-1 trading plan (pre-established plan)
• Filing timeliness: Report filed 2026-04-06 — within the typical two-business-day Form 4 window (timely)

Context
A 10b5-1 plan lets insiders pre-specify trades to avoid concerns about trading on material nonpublic information; sales under such plans are often routine and do not necessarily reflect the insider’s view of the company’s prospects. Sales are generally less informative than purchases for signaling confidence, and this single small-dollar sale appears routine rather than material.