CarGurus Executive Chair Langley Steinert Converts Class B to Class A Shares

On June 9, 2026, CarGurus, Inc. Executive Chair Langley Steinert filed a Form 4 reporting significant stock conversions. Steinert converted 377,639 shares of Class B Common Stock into Class A Common Stock for direct ownership, resulting in 909,790 Class A shares held directly. Additionally, 74,998 Class B shares were converted into Class A shares held indirectly through The Langley Steinert Irrevocable Family Trust, bringing the trust's holdings to 75,000 Class A shares. These conversions were executed at Steinert's election and involved no monetary consideration. Following the transactions, Steinert maintains substantial ownership with 12,144,424 Class B shares held directly and 1,618,021 Class B shares held indirectly through the family trust. The filing highlights Steinert's continued significant stake in CarGurus while converting high-vote Class B shares to publicly traded Class A shares.