Hanson Jennifer Ladd 4

What Happened

Jennifer Ladd Hanson, Chief People Officer of CarGurus, sold 567 shares of CARG common stock on July 2, 2026. The shares were disposed at $35.03 each for a total proceeds of $19,862. This was a sale (not a purchase) and was effected under a prearranged Rule 10b5-1 trading plan, which is commonly used to execute trades according to a set schedule.

Key Details

• Transaction date and price: July 2, 2026 — 567 shares sold at $35.03 per share.
• Total value: $19,862 (proceeds from the sale).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
• Filing: Form 4 reporting the transaction was filed on July 6, 2026.

Context

A sale under a 10b5-1 plan indicates the transaction was preplanned and is generally treated as routine rather than a spontaneous signal about the company. The dollar amount here is relatively modest for an insider sale; small, prearranged sales are common and do not necessarily reflect management’s view on the company’s prospects.