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Filing Details

Accession Number:: 0001193125-19-040834
Form Type:: 13G Filing
Publication Date:: 2019-02-14 16:13:02

Filed By:: Parafestas Anastasios
Company:: Cargurus Inc. (NASDAQ:CARG)
Filing Date:: 2019-02-14
SEC Url:: 13G Filing

Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name	Sole Voting Power	Shared Voting Power	Sole Dispositive Power	Shared Dispositive Power	Aggregate Amount Owned Power	Percent of Class
Anastasios Parafestas	301,040	9,912,772	301,040	9,912,772	10,213,812	11.4%
Argonaut	0	8,317,183	0	8,317,183	8,317,183	9.3%
Spinnaker Capital	0	8,317,183	0	8,317,183	8,317,183	9.3%
The RWS	0	1,595,589	0	1,595,589	1,595,589	1.8%
John J. Prior Jr., as co-trustee of the RWS	0	1,595,589	0	1,595,589	1,595,589	1.8%
	0	1,595,589	0	1,595,589	1,595,589	1.8%

Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

(Amendment No. 2)*

Under the Securities Exchange Act of 1934

CARGURUS, INC.

(Name of Issuer)

Class A common stock, par value $0.001 per share

(Title of Class of Securities)

141788109

(CUSIP NUMBER)

12/31/18

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐	Rule 13d-1(b)

☐	Rule 13d-1(c)

☒	Rule 13d-1(d)

^*	The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


1	Name of Reporting Persons Anastasios Parafestas
2	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3	SEC Use Only
4	Citizenship or Place of Organization United States of America
Number of Shares Beneficially Owned by Each Reporting Person With:		5	Sole Voting Power 301,040
		6	Shared Voting Power 9,912,772
		7	Sole Dispositive Power 301,040
		8	Shared Dispositive Power 9,912,772
9	Aggregate Amount Beneficially Owned by Each Reporting Person 10,213,812
10	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐
11	Percent of Class Represented by Amount in Row (9) 11.4%
12	Type of Reporting Person (See Instructions) IN


1	Name of Reporting Persons Argonaut 22 LLC
2	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3	SEC Use Only
4	Citizenship or Place of Organization State of Delaware
Number of Shares Beneficially Owned by Each Reporting Person With:		5	Sole Voting Power 0
		6	Shared Voting Power 8,317,183
		7	Sole Dispositive Power 0
		8	Shared Dispositive Power 8,317,183
9	Aggregate Amount Beneficially Owned by Each Reporting Person 8,317,183
10	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐
11	Percent of Class Represented by Amount in Row (9) 9.3%
12	Type of Reporting Person (See Instructions) OO


1	Name of Reporting Persons Spinnaker Capital LLC
2	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3	SEC Use Only
4	Citizenship or Place of Organization State of Delaware
Number of Shares Beneficially Owned by Each Reporting Person With:		5	Sole Voting Power 0
		6	Shared Voting Power 8,317,183
		7	Sole Dispositive Power 0
		8	Shared Dispositive Power 8,317,183
9	Aggregate Amount Beneficially Owned by Each Reporting Person 8,317,183
10	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐
11	Percent of Class Represented by Amount in Row (9) 9.3%
12	Type of Reporting Person (See Instructions) OO


1	Name of Reporting Persons The RWS 2006 Family Trust
2	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3	SEC Use Only
4	Citizenship or Place of Organization State of New York
Number of Shares Beneficially Owned by Each Reporting Person With:		5	Sole Voting Power 0
		6	Shared Voting Power 1,595,589
		7	Sole Dispositive Power 0
		8	Shared Dispositive Power 1,595,589
9	Aggregate Amount Beneficially Owned by Each Reporting Person 1,595,589
10	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐
11	Percent of Class Represented by Amount in Row (9) 1.8%
12	Type of Reporting Person (See Instructions) OO


1	Name of Reporting Persons John J. Prior Jr., as co-trustee of the RWS 2006 Family Trust
2	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3	SEC Use Only
4	Citizenship or Place of Organization United States of America
Number of Shares Beneficially Owned by Each Reporting Person With:		5	Sole Voting Power 0
		6	Shared Voting Power 1,595,589
		7	Sole Dispositive Power 0
		8	Shared Dispositive Power 1,595,589
9	Aggregate Amount Beneficially Owned by Each Reporting Person 1,595,589
10	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐
11	Percent of Class Represented by Amount in Row (9) 1.8%
12	Type of Reporting Person (See Instructions) OO


1	Name of Reporting Persons I.R.S. Identification Nos,. of Above Persons (Entities Only) Nancy B. Peretsman, as co-trustee of The RWS 2006 Family Trust
2	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3	SEC Use Only
4	Citizenship or Place of Organization United States of America
Number of Shares Beneficially Owned by Each Reporting Person With:		5	Sole Voting Power 0
		6	Shared Voting Power 1,595,589
		7	Sole Dispositive Power 0
		8	Shared Dispositive Power 1,595,589
9	Aggregate Amount Beneficially Owned by Each Reporting Person 1,595,589
10	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐
11	Percent of Class Represented by Amount in Row (9) 1.8%
12	Type of Reporting Person (See Instructions) OO

Item 1.

(a) Name of Issuer

CarGurus, Inc. (the Issuer)

(b) Address of Issuers Principal Executive Offices

2 Canal Park, 4th Floor

Cambridge, Massachusetts 02141

Item 2.

(a) Name of Person Filing

This amendment to Schedule 13G is filed on behalf of each of (i) Anastasios Parafestas, a director of the Issuer, a direct and indirect holder of Issuers securities, (ii) Argonaut 22 LLC, a direct holder of Issuers Class A Common Stock, $0.001 par value per share (the Common Stock), (iii) Spinnaker Capital LLC, the Managing Member of Argonaut 22 LLC, (iv) the RWS 2006 Family Trust, a direct holder of Common Stock, (v) John, J. Prior Jr., a co-trustee of the RWS 2006 Family Trust, and (vi) Nancy B. Peretsman., a co-trustee of the RWS 2006 Family Trust (collectively, the Reporting Persons).

Spinnaker Capital LLC is the Managing Member of Argonaut 22 LLC, and Mr. Parafestas is the Sole Manager and Member of Spinnaker Capital LLC, and each therefore indirectly beneficially holds the 8,317,183 shares held directly by Argonaut 22 LLC.

Each of Mr. Parafestas, Mr. Prior and Ms. Peretsman are co-trustees of The RWS 2006 Family Trust. Neither Mr. Parafestas nor Mr. Prior are beneficiaries of The RWS 2006 Family Trust and each of Mr. Parafestas and Mr. Prior expressly disclaims beneficial ownership of the shares held by The RWS 2006 Family Trust.

(b) Address of Principal Business Office or, if none, Residence

The principal business address for each of the Reporting Persons is One Joy Street, Boston, Massachusetts 02108.

(c) Citizenship

Mr. Parafestas, Mr. Prior and Ms. Peretsman are citizens of the United States of America.

Argonaut 22 LLC is a Delaware limited liability company.

Spinnaker Capital LLC is a Delaware limited liability company.

The RWS 2006 Family Trust is a trust established in the State of New York.

(d) Title of Class of Securities

Class A common stock, par value $0.001 per share

(e) CUSIP Number

141788109

Item 3.

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

Not applicable.

Item 4.

Ownership.

(a) Amount beneficially owned:


Anastasios Parafestas			10,213,812
Argonaut 22 LLC			8,317,183
Spinnaker Capital LLC			8,317,183
The RWS 2006 Family Trust			1,595,589
John J. Prior Jr., as co-trustee for the RWS 2006 Family Trust			1,595,589
Nancy B. Peretsman, as co-trustee for the RWS 2006 Family Trust			1,595,589

Mr. Parafestas holdings include (i) 101,040 shares of Common Stock and 200,000 shares of the Issuers Class B common stock, which is convertible on a one-to-one basis into shares of Common Stock at any time at the election of Mr. Parafestas, held directly by Mr. Parafestas, (ii) 8,317,183 shares of Common Stock held directly by Argonaut 22 LLC, over which Mr. Parafestas has voting and investment power as Sole Manager and Member of Argonaut 22 LLCs Managing Member, and (iii) 1,595,589 shares of Common Stock held by The RWS 2006 Family Trust, of which Mr. Parafestas is a co-trustee.

(b) Percent of class:


Anastasios Parafestas	11.4	%(1)
Argonaut 22 LLC	9.3	%
Spinnaker Capital LLC	9.3	%
The RWS 2006 Family Trust	1.8	%
John J. Prior Jr., as co-trustee for the RWS 2006 Family Trust	1.8	%
Nancy B. Peretsman, as co-trustee for the RWS 2006 Family Trust	1.8	%

The percentage amount for the Reporting Persons is based on 89,375,963 shares of Common Stock outstanding as of October 31, 2018, as set forth in the Issuers Quarterly Report on Form 10-Q for the quarter ended September 30, 2018, filed with the Securities and Exchange Commission on November 7, 2018.

(1) The percentage of beneficial ownership assumes the conversion of all of the shares of the Issuers Class B common stock held by the Reporting Person.

(c) Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:


Anastasios Parafestas			301,040
Argonaut 22 LLC			0
Spinnaker Capital LLC			0
The RWS 2006 Family Trust			0
John J. Prior Jr., as co-trustee for the RWS 2006 Family Trust			0
Nancy B. Peretsman, as co-trustee for the RWS 2006 Family Trust			0

(ii) Shared power to vote or to direct the vote:


Anastasios Parafestas			9,912,772
Argonaut 22 LLC			8,317,183
Spinnaker Capital LLC			8,317,183
The RWS 2006 Family Trust			1,595,589
John J. Prior Jr., as co-trustee for the RWS 2006 Family Trust			1,595,589
Nancy B. Peretsman, as co-trustee for the RWS 2006 Family Trust			1,595,589

(iii) Sole power to dispose or to direct the disposition of:


Anastasios Parafestas			301,040
Argonaut 22 LLC			0
Spinnaker Capital LLC			0
The RWS 2006 Family Trust			0
John J. Prior Jr., as co-trustee for the RWS 2006 Family Trust			0
Nancy B. Peretsman, as co-trustee for the RWS 2006 Family Trust			0

(iv) Shared power to dispose or to direct the disposition of:


Anastasios Parafestas			9,912,772
Argonaut 22 LLC			8,317,183
Spinnaker Capital LLC			8,317,183
The RWS 2006 Family Trust			1,595,589
John J. Prior Jr., as co-trustee for the RWS 2006 Family Trust			1,595,589
Nancy B. Peretsman, as co-trustee for the RWS 2006 Family Trust			1,595,589

Item 5.

Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

Not applicable.

Item 8.

Identification and Classification of Members of the Group.

Not applicable.

Item 9.

Notice of Dissolution of Group.

Not applicable.

Item 10.

Certification.

Not applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 14, 2019

ANASTASIOS PARAFESTAS

/s/ Anastasios Parafestas

Anastasios Parafestas

ARGONAUT 22 LLC

By: Spinnaker Capital LLC, its Manager

/s/ Anastasios Parafestas

Name: Anastasios Parafestas

Title: Managing Member

SPINNAKER CAPITAL LLC

/s/ Anastasios Parafestas

Name: Anastasios Parafestas

Title: Managing Member

[Signature Page 13G]

THE RWS 2006 FAMILY TRUST

By: /s/ Nancy B. Peretsman

Name: Nancy B. Peretsman

Title: Co-Trustee

By: /s/ Anastasios Parafestas

Name: Anastasios Parafestas

Title: Co-Trustee

By: /s/ John J. Prior Jr.

Name: John J. Prior Jr.

Title: Co-Trustee

JOHN J. PRIOR JR., as co-trustee of the

RWS 2006 Family Trust

/s/ John J. Prior Jr.

NANCY B. PERETSMAN, as co-trustee of the

RWS 2006 Family Trust

/s/ Nancy B. Peretsman

[Signature Page 13G]