Schedule 13G/A

 

 

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 person’s 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:

     

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:

     

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:

     

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:

     

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:

     

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:

     

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 Issuer’s 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 Issuer’s securities, (ii) Argonaut 22 LLC, a direct holder of Issuer’s 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 Issuer’s 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 LLC’s 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 Issuer’s 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 Issuer’s 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]