[Form 4] AutoNation, Inc. Insider Trading Activity

Rhea-AI Filing Summary

AutoNation EVP & CFO Thomas A. Szlosek reported restricted stock unit vesting and a share disposition that occurred on 08/07/2025. A grant of 9,583 restricted stock units awarded 08/07/2023 vests in three equal annual installments; one-third (3,194) vested and converted into AutoNation common stock on a one-for-one basis. The Form 4 also shows a disposition of 1,257 shares at a price of $194.40 per share on the same date. After these entries, the filing reports Szlosek's direct beneficial ownership as 6,625 shares. Each RSU represents a contingent right to one share or, at the company’s election, the cash value thereof.

Insights

Financial Analyst

TL;DR: Routine executive compensation vesting with a small contemporaneous sale; appears neutral for investors.

The filing documents the scheduled vesting of 3,194 restricted stock units from a 9,583-unit grant (awarded 08/07/2023) converting one-for-one into common shares, and a separate disposition of 1,257 shares at $194.40 per share on 08/07/2025. The net reported direct beneficial ownership after these transactions is 6,625 shares. This pattern—vesting plus a partial sale—is common for executive compensation and, based on the disclosed amounts, does not by itself represent a material change to ownership levels or firm valuation.

Corporate Governance Expert

TL;DR: Disclosure shows standard RSU vesting mechanics and a reported sale; disclosure is specific and meets Form 4 content requirements.

The Form 4 specifies the vesting schedule, conversion mechanics (one-for-one RSU to share conversion), and the exact number of shares disposed (1,257) and the sale price ($194.40). It also reports the resulting direct beneficial ownership (6,625 shares). The filing includes an explanatory note on the original grant and vesting increments, providing clear context for the conversion and supporting transparent insider reporting.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Szlosek Thomas A

(Last) (First) (Middle)

200 SW 1ST AVE

SUITE 1600

(Street)

FORT LAUDERDALE FL 33301

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AUTONATION, INC. [ AN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01 per share	08/07/2025		M		3,194	A	(1)	7,882	D
Common Stock, par value $0.01 per share	08/07/2025		F		1,257	D	$194.4	6,625	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	08/07/2025		M			3,194	(2)	(2)	Common Stock, par value $0.01 per share	3,194	$0	3,194	D

Explanation of Responses:

1. The restricted stock units converted into shares of AutoNation common stock on a one-for-one basis.

2. The reporting person received a grant of 9,583 restricted stock units on August 7, 2023. The restricted stock units vest in one-third annual increments on each of the first three anniversaries of August 7, 2023. Each restricted stock unit represents a contingent right to receive one share of AutoNation common stock, or at AutoNation's election, the cash value thereof.

Remarks:

	/s/ C. Coleman Edmunds, Attorney-in-Fact	08/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did AutoNation (AN) report on this Form 4?

The filing reports 3,194 restricted stock units converted into shares and a disposition of 1,257 shares at $194.40 per share, both dated 08/07/2025.

How many restricted stock units were originally granted to Thomas Szlosek and what is the vesting schedule?

He was granted 9,583 restricted stock units on 08/07/2023 that vest in one-third annual increments on each of the first three anniversaries.

How many shares resulted from the RSU conversion?

The RSU conversion resulted in 3,194 shares converting on a one-for-one basis.

What was the sale price and number of shares sold by Szlosek?

The filing shows a sale of 1,257 shares at a price of $194.40 per share.

How many AutoNation shares does Thomas Szlosek beneficially own after these transactions?

Following the reported transactions the Form 4 lists his direct beneficial ownership as 6,625 shares.