CarGurus (CARG) GC Javier Zamora Sells Shares (Open Market & Tax Withholding)

What Happened

• Javier Zamora, General Counsel and Secretary of CarGurus (CARG), disposed of shares in two related transactions. On 2026-08-03 he sold 6,205 shares in open-market trades at a weighted average price of $37.08 for proceeds of about $230,081. On 2026-07-31, 1,880 shares were withheld to cover tax liabilities from RSU vesting at $36.24, valued at $68,131. Both actions are disposals (sales/withholding), which are often routine rather than a definitive signal of company prospects.

Key Details

• Transaction dates and prices:
  • 2026-07-31: 1,880 shares withheld for taxes @ $36.24 = $68,131 (code F: tax withholding on RSU vesting).
  • 2026-08-03: 6,205 shares sold in open market @ weighted avg $37.08 = $230,081 (code S).
• Additional sale pricing detail: the 6,205-share sale was executed in multiple trades at prices ranging $36.81–$37.50; the filing reports a weighted average and notes individual trade breakdowns are available on request (footnote).
• Plan/authorization: the open-market sale was effected under a pre-established Rule 10b5-1 trading plan (footnote).
• Ownership after the transactions: not specified in the provided excerpt; see the Form 4 filing for post-transaction beneficial ownership.
• Filing: Form 4 was filed on 2026-08-04 (as reported). No late-filing flag appears in the provided excerpt.

Context

• The July 31 withholding (code F) is a common “cashless” tax withholding when RSUs vest — shares are surrendered to cover tax obligations, not an active market sell decision. The August 3 sale (code S) was executed under a 10b5-1 plan, which is a prearranged program that allows insiders to sell shares on a set schedule; such sales are generally considered routine and planned rather than ad hoc signals of insider sentiment.