Elshareef Ismail 4

What Happened

• Elshareef Ismail, Chief Product Officer of CarGurus (CARG), had 1,396 shares withheld to cover taxes related to vested restricted stock units (RSUs). The withholding was recorded as a disposition at $37.04 per share, for a total value of $51,708.
• This was a tax-withholding disposition (routine administrative action), not an open-market sale or a new purchase.

Key Details

• Transaction date: 2026-05-01
• Price per share: $37.04; Total value of withheld shares: $51,708
• Shares owned after transaction: not specified in the provided filing
• Footnote: F1 — Shares withheld for payment of tax liability upon vesting of restricted stock units
• Filing date: 2026-05-05 (filed within the typical two-business-day window for Form 4s in this timing)

Context

• Tax-withholding of RSUs is a common administrative step: instead of paying cash, the company withholds a portion of vested shares to satisfy tax obligations. It does not necessarily indicate the insider is selling shares as a signal to the market.
• For retail investors tracking insider activity, purchases or open-market sales usually convey clearer sentiment than routine withholdings for taxes.