CVNA Form 144 Files Proposed Sale of 14,000 Common Shares

Rhea-AI Filing Summary

Form 144 notice discloses a proposed sale of 14,000 common shares through The Charles Schwab Corporation with an aggregate market value of $5,307,960.00, representing part of the 138,083,496 shares outstanding. The shares were acquired on 11/07/2022 in open market purchases and payment was completed on that date. The approximate date of sale is listed as 09/10/2025. The filer certifies they are unaware of undisclosed material adverse information and states no securities were sold by the filer in the past three months.

Insights

Financial Analyst

TL;DR: Routine disclosure of a proposed equity sale with modest absolute value relative to large-cap issuers; no trading history reported in prior 3 months.

The filing presents a clear, single transaction: 14,000 shares acquired via open market on 11/07/2022, now proposed for sale with an indicated aggregate market value of $5,307,960.00 and an expected execution date of 09/10/2025. The notice includes the required certification about non-public material information and reports no other sales in the prior three months. This is a standard Rule 144 disclosure enabling compliance with resale restrictions; it contains no earnings, liquidity, or debt information.

Corporate Governance Expert

TL;DR: Compliance-focused filing that documents planned resale under Rule 144 and includes the statutory attestation about material information.

The form meets procedural requirements by identifying the broker, share class, acquisition date, nature of acquisition, and planned sale date while affirming the filer lacks undisclosed material adverse information. There are no indications in the filing of contemporaneous plan adoption under Rule 10b5-1 or of related-party transfers. From a governance perspective, the document serves as a transparency mechanism, but it offers no further context about the filer’s relationship to the issuer or motives for sale.

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	THE CHARLES SCHWAB CORPORATION 3000 Schwab Way Westlake TX 76262	14000	5307960.00	138083496	09/10/2025	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	11/07/2022	OPEN MARKET PURCHAES	OPEN MARKET			14000	11/07/2022	NA

* 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

Nothing to Report

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 the Form 144 for CVNA disclose?

The form discloses a proposed sale of 14,000 common shares through The Charles Schwab Corporation with an aggregate market value of $5,307,960.00 and an approximate sale date of 09/10/2025.

When were the shares being offered on Form 144 acquired?

The shares were acquired on 11/07/2022 via open market purchases, and payment was made on that date.

Does the Form 144 report any securities sold in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months.

Which broker is handling the proposed sale listed on the Form 144?

The broker named in the filing is The Charles Schwab Corporation at the address provided.

Does the filing state whether a Rule 10b5-1 plan was adopted?

The filing does not indicate a date of plan adoption or trading instruction under Rule 10b5-1.