CarGurus Executive Chair Langley Steinert filed a Form 4 on November 6, 2026, disclosing the sale of a combined 2,866 shares of Class A Common Stock on November 4, 2026, executed under a Rule 10b5-1 trading plan.

Key Highlights

  • Reporting person: Langley Steinert, identified as Director, 10% Owner, and Executive Chair of CarGurus, Inc. (NASDAQ:CARG).
  • Direct sales: 2,000 shares disposed of at a weighted average price of $37.4003 and 577 shares at a weighted average price of $38.1053, all held directly.
  • Indirect sales: 224 shares at a weighted average price of $37.4003 and 65 shares at a weighted average price of $38.1053, sold from shares held indirectly via The Langley Steinert Irrevocable Family Trust dated June 21, 2004.
  • Post-transaction ownership: 882,483 shares held directly following the first two transactions, reduced to 881,906 shares after the second; 74,711 shares held indirectly through the family trust after all transactions.
  • Rule 10b5-1 plan: All sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
  • Trust disclaimer: Steinert "expressly disclaims beneficial ownership" of the shares held by the family trust, of which his children are the beneficiaries.

Steinert's November 4 Transactions in CarGurus Class A Shares

According to the filing, Langley Steinert, Executive Chair of CarGurus, Inc. (NASDAQ:CARG), disposed of Class A Common Stock in four separate transactions on November 4, 2026, all coded as sales ("S") and all executed under a pre-established Rule 10b5-1 trading plan. Two of the transactions involved shares held directly, and two involved shares held indirectly through The Langley Steinert Irrevocable Family Trust dated June 21, 2004.

For the directly held shares, the filing reports a sale of 2,000 shares at a weighted average price of $37.4003 per share, with individual transaction prices ranging from $37.00 to $37.9999 per share, and a subsequent sale of 577 shares at a weighted average price of $38.1053 per share, with prices ranging from $38.00 to $38.2096 per share. Following these two transactions, Steinert's direct beneficial ownership stood at 881,906 shares, according to the filing.

The filing also reports two parallel transactions executed from the indirectly held trust position: 224 shares at a weighted average price of $37.4003 and 65 shares at a weighted average price of $38.1053, leaving 74,711 shares in the trust after all transactions. The filing states that the reporting person may be deemed to have indirect ownership over those trust shares but that he "expressly disclaims beneficial ownership of such shares." The form was signed by Suzanne Murray as attorney-in-fact on November 6, 2026.

What Was Disclosed

The Form 4 discloses four sales of CarGurus Class A Common Stock by Executive Chair Langley Steinert on November 4, 2026, totaling 2,866 shares across direct and indirect accounts, all conducted under a Rule 10b5-1 plan.