Carvana (NYSE: CVNA) holder files Form 144 for 8,473-share sale

Rhea-AI Filing Summary

Carvana Co. shareholder Paul Breaux filed a notice of proposed stock sales under Rule 144. The filing covers the planned sale of 8,473 shares of Carvana common stock through Morgan Stanley Smith Barney LLC on the NYSE, with an indicated aggregate market value of $3,962,567.91. These shares were acquired on 12/11/2025 via an exercise of stock options paid in cash on the same date.

The notice also reports prior Rule 10b5-1 plan sales over the past three months. Breaux sold 20,000 common shares on 12/08/2025 for gross proceeds of $8,770,000.00 and 15,000 common shares on 10/01/2025 for gross proceeds of $5,970,000.00. The representation in the filing states that the seller does not know of any undisclosed material adverse information about Carvana’s operations.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	8473	3962567.91	141423193	12/11/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	12/11/2025	Exercise of Stock Options	Issuer			8473	12/11/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for PAUL BREAUX 300 E. Rio Salado Parkway Tempe AZ 85281	Common	12/08/2025	20000	8770000.00
10b5-1 Sales for PAUL BREAUX 300 E. Rio Salado Parkway Tempe AZ 85281	Common	10/01/2025	15000	5970000.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Carvana (CVNA) disclose in this Form 144 filing?

The filing reports that shareholder Paul Breaux intends to sell 8,473 shares of Carvana common stock under Rule 144 after exercising stock options, and also discloses prior share sales over the past three months.

How many Carvana (CVNA) shares are proposed to be sold in this notice?

The notice covers a proposed sale of 8,473 shares of Carvana common stock, to be sold through Morgan Stanley Smith Barney LLC on the NYSE.

What is the reported market value of the Carvana shares to be sold?

The 8,473 Carvana common shares to be sold have a reported aggregate market value of $3,962,567.91 in the filing.

How were the Carvana (CVNA) shares in this Form 144 acquired?

The 8,473 shares were acquired on 12/11/2025 through an exercise of stock options from the issuer, with the purchase price paid in cash on the same date.

What prior Carvana share sales by Paul Breaux are disclosed for the last 3 months?

The filing lists two prior sales under a Rule 10b5-1 plan: 20,000 common shares sold on 12/08/2025 for gross proceeds of $8,770,000.00, and 15,000 common shares sold on 10/01/2025 for gross proceeds of $5,970,000.00.

What representation does the selling shareholder make about Carvana in this Form 144?

By signing the notice, the seller represents that they do not know any material adverse information regarding Carvana’s current or prospective operations that has not been publicly disclosed.