Gupta Manik 4
4 · CarGurus, Inc. · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
CarGurus (CARG) Director Manik Gupta Receives RSU Award
What Happened
Manik Gupta, a director of CarGurus, Inc. (CARG), was granted 7,339 restricted stock units (RSUs) on June 3, 2026. The grant is reported at $0.00 because RSUs are contingent awards (no cash exchanged at grant); the filing shows 7,339 RSUs were issued to the reporting person.
Key Details
- Transaction date: 2026-06-03; Transaction code: A (Award/Grant).
- Number of RSUs granted: 7,339; reported price: $0.00.
- Shares owned after transaction: Not disclosed in the filing.
- Footnote (F1): Each RSU entitles the holder to one share of Class A common stock upon settlement. 100% of the RSUs vest on the first anniversary of the grant only if the director remains in continuous service; vesting may accelerate on a Change in Control under the company's plan.
- Timeliness: Report period 2026-06-03, filed 2026-06-04 — appears timely.
Context
RSUs are a form of equity compensation that convert into actual shares only if vesting conditions are met; they are common for board compensation and do not represent an immediate open-market purchase or sale. Because the award vests in the future and depends on continued service (and possible tax withholding at settlement), this grant should be viewed as compensation rather than a direct market signal.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-06-03+7,339→ 24,137 total
Footnotes (1)
- [F1]Represents shares issuable upon settlement of restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock. Subject to the Reporting Person's continuous service as a director of the Issuer, 100% of the RSUs will vest on the first anniversary of the grant date. Such vesting may be accelerated in connection with a Change in Control (as defined in the Issuer's Omnibus Incentive Compensation Plan).