Quinn Matthew Todd 4

What Happened
Quinn Matthew Todd, Chief Technology Officer of CarGurus, reported a sale of 3,824 shares (transaction code S) on 2026-07-02. The shares were reported at $35.03 each, producing total proceeds of $133,955. The Form 4 lists the sale as "Open market or private sale" and includes a footnote that the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. Sales are generally routine cashing-out transactions and do not necessarily signal a change in company outlook (purchases are usually more informative about insider confidence).

Key Details

• Transaction date and price: 2026-07-02 — 3,824 shares @ $35.03 each.
• Total proceeds: $133,955.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Sale effected pursuant to a Rule 10b5-1 trading plan (pre-arranged trading).
• Filing date: Form filed on 2026-07-06; timeliness flag (late/ontime) is not indicated in the supplied data.

Context
A 10b5-1 plan lets insiders sell shares according to a pre-set schedule or conditions; transactions under these plans are typically viewed as routine rather than spontaneous. For retail investors, a single insider sale under a 10b5-1 plan is usually less informative than fresh purchases or changes in ownership levels.