Matthew Charles Mandel, CFO and Treasurer of CarGurus, Inc. (NASDAQ:CARG), filed a Form 4 on October 21, 2026, disclosing the award of 175,083 restricted stock units in Class A Common Stock on October 19, 2026.

Key Highlights

  • Award size: Mandel received 175,083 RSUs in CarGurus Class A Common Stock, acquired at a price of $0.
  • Transaction date: The RSU award was dated October 19, 2026.
  • Vesting schedule: 25% of RSUs vest on October 19, 2027, with 6.25% vesting on the last day of each subsequent three-month period until October 19, 2030.
  • Beneficial ownership following transaction: Mandel directly holds 175,083 shares of Class A Common Stock following the reported transaction.
  • Acceleration provisions: Vesting may accelerate in connection with a Change of Control, or upon termination without Cause or for Good Reason before the first anniversary of his employment start date, subject to release conditions and RSU agreement terms.
  • Reporting person role: Mandel is identified as CFO and Treasurer of CarGurus, Inc.

CarGurus CFO Matthew Mandel Receives Initial RSU Grant Under Four-Year Vesting Plan

According to the Form 4 filed with the SEC on October 21, 2026, Matthew Charles Mandel, serving as CFO and Treasurer of CarGurus, Inc., was awarded 175,083 restricted stock units tied to the company's Class A Common Stock. The transaction was recorded with a code of "A" (acquired) and a price of $0, consistent with a grant rather than a purchase. Following the transaction, Mandel's direct beneficial ownership stands at 175,083 shares.

The filing's explanation of responses states that each RSU represents a contingent right to receive one share of CarGurus Class A Common Stock. The vesting schedule requires Mandel to maintain continuous service as an employee: 25% of the RSUs vest on October 19, 2027, and 6.25% vest on the last day of each three-month period thereafter until October 19, 2030. The filing notes that vesting may accelerate "in connection with a Change of Control (as defined in the Issuer's Omnibus Incentive Compensation Plan)."

Additionally, according to the filing, a portion of the RSUs may vest upon termination of employment "without Cause or for Good Reason (each as defined in the Reporting Person's offer letter) before the first anniversary of his employment start date, subject to release conditions and the terms of his RSU agreement." The Form 4 was signed by Suzanne Murray as attorney-in-fact on October 21, 2026.

What Was Disclosed

CarGurus CFO and Treasurer Matthew Charles Mandel reported the acquisition of 175,083 Class A Common Stock RSUs on October 19, 2026, at $0 cost, with a four-year graded vesting schedule and potential acceleration under specified conditions.