The Langley Steinert Irrevocable Family Trust filed a Form 144 notice of proposed sale of 100,000 shares of CarGurus, Inc. Class A Common Stock on November 4, 2026, through J.P. Morgan Securities LLC.

Key Highlights

  • Seller: Langley Steinert Irrevocable Family Trust, identified as a Director and 10% Shareholder of CarGurus, Inc.
  • Shares proposed for sale: 100,000 shares of Class A Common Stock, with an aggregate market value of $3,377,000 as stated in the filing.
  • Shares outstanding: 75,309,865 shares of Class A Common Stock, according to the filing.
  • Approximate date of sale: November 4, 2026, with the filing noting shares "will be sold today or within three months from the date of this filing."
  • Original acquisition: The 100,000 shares were acquired on January 1, 2006, as Founder Shares from the issuer, with payment dated January 1, 2006.
  • Rule 10b5-1 plan: A trading plan or instruction was adopted on May 29, 2026, according to the filing.
  • No sales in past 3 months: The filing reports nothing to report under securities sold during the past three months.

Proposed Sale Details for CarGurus Founder-Share Trust

According to the Form 144 filed with the U.S. Securities and Exchange Commission, the Langley Steinert Irrevocable Family Trust has provided notice of a proposed sale of 100,000 shares of CarGurus, Inc. (NASDAQ:CARG) Class A Common Stock. The trust is listed as having a relationship to the issuer as both a Director and 10% Shareholder. J.P. Morgan Securities LLC, located at 270 Park Avenue, 10th Floor, New York, NY 10017, is named as the broker for the transaction.

The filing states the shares were originally acquired on January 1, 2006, as Founder Shares from the issuer. The aggregate market value of the shares to be sold is listed as $3,377,000, and total shares of Class A Common Stock outstanding are reported as 75,309,865. The filing indicates the trust is relying on a Rule 10b5-1 plan, with the plan adoption date listed as May 29, 2026.

The filing's remarks section states: "The shares covered by this filing will be sold today or within three months from the date of this filing." The form was signed by J.P. Morgan Securities LLC as agent and attorney-in-fact for the Langley Steinert Irrevocable Family Trust. No sales by the trust in the prior three months were reported.

What Was Disclosed

The Langley Steinert Irrevocable Family Trust filed a Form 144 on November 4, 2026, disclosing a proposed sale of 100,000 CarGurus Class A Common Stock shares with an aggregate market value of $3,377,000, under a Rule 10b5-1 plan adopted May 29, 2026.