Langley Steinert, Executive Chair, Director, and 10% Owner of CarGurus, Inc. (NASDAQ:CARG), filed a Form 4 on November 9, 2026, disclosing four sales of Class A Common Stock executed on November 6, 2026, pursuant to a Rule 10b5-1 trading plan.

Key Highlights

  • Direct sales: Steinert disposed of 215 shares at a weighted average price of $37.492 and 316 shares at a weighted average price of $38.2058, all directly held.
  • Indirect sales: 24 shares at a weighted average price of $37.492 and 35 shares at a weighted average price of $38.2058 were disposed of indirectly through The Langley Steinert Irrevocable Family Trust dated June 21, 2004.
  • Post-transaction direct holdings: Following the sales, Steinert directly held 881,375 shares of Class A Common Stock.
  • Post-transaction indirect holdings: Indirect beneficial ownership through the family trust stood at 74,652 shares after the transactions.
  • Price ranges: The first set of sales occurred at prices ranging from $37.00 to $37.99 per share; the second set ranged from $38.01 to $38.55 per share, inclusive.
  • 10b5-1 plan: All four sales were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.

Steinert's November 6 Class A Common Stock Sales at CarGurus

According to the filing, Langley Steinert, who serves as Executive Chair and is identified as both a Director and a 10% Owner of CarGurus, Inc., reported four disposal transactions in Class A Common Stock on November 6, 2026. The filing states that all sales were made pursuant to a Rule 10b5-1 trading plan adopted by Steinert, a pre-established arrangement that sets the terms of securities sales in advance.

Two of the four transactions involved shares held directly. Steinert disposed of 215 shares at a weighted average price of $37.492 per share, with individual sale prices ranging from $37.00 to $37.99 per share. A second direct-account sale covered 316 shares at a weighted average price of $38.2058, with individual prices ranging from $38.01 to $38.55 per share. Following these two transactions, Steinert's direct holdings stood at 881,375 shares, the filing disclosed.

The remaining two transactions involved shares held indirectly through The Langley Steinert Irrevocable Family Trust dated June 21, 2004, whose beneficiaries are Steinert's children. The filing states that "The Reporting Person may be deemed to have indirect ownership over such shares, but expressly disclaims beneficial ownership of such shares." Through the trust, 24 shares were sold at the $37.492 weighted average and 35 shares at the $38.2058 weighted average, leaving 74,652 shares in the trust following the transactions. The filing was signed by Suzanne Murray as attorney-in-fact on November 9, 2026.

What Was Disclosed

The Form 4 disclosed four sales of CarGurus Class A Common Stock by Executive Chair Langley Steinert on November 6, 2026, covering both directly held shares and shares held indirectly through a family trust, all under a pre-established Rule 10b5-1 plan.