Carvana (NYSE: CVNA) insider plans 20,000-share Rule 144 sale after option exercise

Rhea-AI Filing Summary

Carvana Co. insider plans additional stock sale under Rule 144. A holder has filed to sell 20,000 shares of Carvana common stock through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $9,454,600.00. The filing notes 141,423,193 common shares outstanding.

The 20,000 shares were acquired on 12/12/2025 by exercising stock options granted by the issuer, paid in cash on the same date. The planned sale is part of a broader selling pattern under a 10b5-1 sales plan for the BHJC Trust, which sold 40,000 shares on 12/08/2025, 10,000 shares on 12/01/2025, 10,000 shares on 11/03/2025, and 10,000 shares on 10/01/2025, for disclosed gross proceeds on each date.

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	20000	9454600.00	141423193	12/12/2025	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	12/12/2025	Exercise of Stock Options	Issuer			20000	12/12/2025	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 Plan for BHJC Trust 300 E. Rio Salado Parkway Tempe AZ 85281	COMMON	12/08/2025	40000	17580000.00
10b5-1 Sales Plan for BHJC Trust 300 E. Rio Salado Parkway Tempe AZ 85281	COMMON	12/01/2025	10000	3771101.00
10b5-1 Sales Plan for BHJC Trust 300 E. Rio Salado Parkway Tempe AZ 85281	COMMON	11/03/2025	10000	3245730.00
10b5-1 Sales Plan for BHJC Trust 300 E. Rio Salado Parkway Tempe AZ 85281	COMMON	10/01/2025	10000	3892725.00

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) Form 144 disclose about upcoming insider stock sales?

The notice states that a holder intends to sell 20,000 shares of Carvana common stock on the NYSE through Morgan Stanley Smith Barney LLC, with an aggregate market value of $9,454,600.00.

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

The 20,000 common shares to be sold were acquired on 12/12/2025 by exercising stock options granted by the issuer, with the purchase price paid in cash on the same date.

How many Carvana (CVNA) shares are outstanding according to this Form 144?

The filing reports that 141,423,193 shares of Carvana common stock were outstanding at the time referenced in the notice.

What recent sales under the BHJC Trust 10b5-1 plan are listed for Carvana (CVNA)?

The filing lists sales by the BHJC Trust 10b5-1 plan of Carvana common stock: 40,000 shares on 12/08/2025, 10,000 shares on 12/01/2025, 10,000 shares on 11/03/2025, and 10,000 shares on 10/01/2025, each with stated gross proceeds.

What representation does the seller make in this Carvana (CVNA) Form 144?

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

Is the Carvana (CVNA) Form 144 sale made under a Rule 10b5-1 trading plan?

The filing references a 10b5-1 sales plan for BHJC Trust in the section describing securities sold during the past three months, indicating prior sales occurred under such a plan.