CarGurus Director Steven Conine Receives 7,339-Share RSU Award

What Happened

• Steven Conine, a director of CarGurus, Inc. (CARG), received a grant of 7,339 restricted stock units (RSUs) on 2026-06-03. The reported acquisition price is $0.00 (transaction code A), meaning the award was granted as compensation rather than a market purchase.

Key Details

• Transaction date: 2026-06-03; Form 4 filed 2026-06-04.
• Grant: 7,339 RSUs; reported price $0.00; reported value at grant $0 (value will materialize if/when RSUs vest and convert to shares).
• Vesting: Per the filing, each RSU converts to one share; 100% vests on the first anniversary of the grant, subject to continuous service as a director. Vesting may accelerate upon a Change in Control under the company plan (see footnote).
• Shares owned after the transaction: not specified in this filing.
• Filing timeliness: Reported the day after the grant date (no late filing indicated).

Context

• RSU awards to non-employee directors are a common form of compensation and do not represent an open‑market purchase (they are not necessarily a direct bullish signal). These RSUs are contingent rights to future shares and only become owned stock if and when they vest and convert to Class A common shares.