Hanson Jennifer Ladd 4

What Happened
Jennifer Ladd Hanson, Chief People Officer of CarGurus (CARG), disposed of a total of 4,730 shares for aggregate proceeds of approximately $163,672. The activity comprised two tax-withheld transfers related to vested restricted stock units (1,039 shares at $34.09 for $35,420 on 2026-06-30; 1,192 shares at $35.14 for $41,887 on 2026-07-01) and an open-market sale of 2,499 shares at $34.56 for $86,365 on 2026-07-01. These were sales/withholdings (not purchases).

Key Details

• Transactions:
  • 2026-06-30: 1,039 shares withheld for tax at $34.09 — $35,420 (tax withholding, code F)
  • 2026-07-01: 2,499 shares sold open market at $34.56 — $86,365 (sale, code S)
  • 2026-07-01: 1,192 shares withheld for tax at $35.14 — $41,887 (tax withholding, code F)
• Shares owned after transaction: not disclosed in this Form 4 filing.
• Footnotes: F1 = shares withheld to satisfy tax on vested RSUs; F2 = the 2,499-share sale was effected under a Rule 10b5-1 trading plan.
• Filing: Report filed with an accession date of 2026-07-02 (covers transactions dated 2026-06-30 and 2026-07-01); filed within the typical 2-business-day Form 4 window.

Context
Two of the entries are tax-withholding transactions tied to RSU vesting (a common settlement method) and one is an open-market sale under a pre-established 10b5-1 plan. Tax-withholdings and programmed 10b5-1 sales are routine mechanisms for insiders to satisfy tax obligations or manage liquidity and do not, by themselves, indicate a change in the insider’s view of the company.