Kaufer Stephen 4

What Happened
Stephen Kaufer, a director of CarGurus, Inc. (CARG), received a grant of 7,339 restricted stock units (RSUs) on 2026-06-03. The RSUs were reported as an award (code A) with an acquisition price of $0.00; they represent contingent rights to receive shares upon settlement and are not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-03; Form 4 filed 2026-06-04 (timely filing).
• Transaction type/code: Award / Grant (A). Reported acquisition price: $0.00.
• Shares granted: 7,339 RSUs (each RSU equals one share upon settlement).
• Shares owned after transaction: Not specified in the filing.
• Footnote: RSUs vest 100% on the first anniversary of the grant date subject to continuous service as a director; vesting may accelerate upon a Change in Control per the company’s plan. No tax-withholding or 10b5-1 plan noted.

Context
RSUs are a form of equity compensation that convert into shares when they vest; this grant is compensation for director service rather than a market purchase or sale. Such awards are common and do not by themselves indicate insider buying or selling sentiment.