Quinn Matthew Todd 4
Research Summary
AI-generated summary
CarGurus (CARG) CTO Quinn Todd Sells 4,341 Shares
What Happened
- Quinn Matthew Todd, Chief Technology Officer of CarGurus, sold 4,341 shares on 2026-04-02 at $33.04 per share, generating proceeds of $143,427. The Form 4 lists the transaction as a sale (S), effected via open market or private sale.
Key Details
- Transaction date and price: 2026-04-02 at $33.04 per share; total proceeds $143,427.
- Transaction type/code: Sale (S) — open market/private sale as reported.
- Shares owned after transaction: Not specified on this Form 4.
- Footnote: The sale was effected pursuant to a pre-established Rule 10b5-1 trading plan (per footnote F1).
- Filing timeliness: Form 4 filed 2026-04-06, which is within the standard two-business-day reporting window for Section 16 insiders (filed timely).
Context
- This was a sale, which is a common insider action and — especially when done under a 10b5-1 plan — typically reflects pre-planned disposition rather than a new, contemporaneous view on the company. The trade value ($143k) is modest for an executive and should be weighed alongside other insider transactions and company fundamentals.