Carvana (CVNA) Form 144: Proposed sale of 2,500 common shares

Carvana (CVNA) reported a Form 144 notice for a proposed sale of 2,500 common shares, reflecting an aggregate market value of $850,000.00.

Rhea-AI Filing Summary

Carvana (CVNA) reported a Form 144 notice for a proposed sale of 2,500 common shares, reflecting an aggregate market value of $850,000.00. The filing lists Morgan Stanley Smith Barney LLC Executive Financial Services as broker and the NYSE as the exchange, with an approximate sale date of 11/12/2025. Shares outstanding were 141,423,193.

The shares were acquired on 05/01/2024 through restricted stock vesting under a registered plan. In the past three months, the Gregory B. Sullivan Revocable Trust sold 2,500 shares on 11/04/2025 for $805,506.75. This notice reflects an intent to sell in accordance with Rule 144.

Insights

Securities law specialist

Routine Rule 144 notice for a modest insider sale.

This is a standard Form 144 indicating an intention to sell 2,500 Carvana common shares. Rule 144 filings are notices; actual sales can differ based on market conditions and the rule’s volume and manner-of-sale limits.

The shares stem from restricted stock vesting under a registered plan dated 05/01/2024. The filing also lists a prior sale of 2,500 shares on 11/04/2025 for $805,506.75. The notice specifies NYSE as the venue and Morgan Stanley Smith Barney LLC EFS as broker.

Impact is typically administrative; any market effect depends on execution and trading volume disclosures in future reports.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Carvana (CVNA)'s Form 144 disclose?

A proposed sale of 2,500 Carvana common shares with an aggregate market value of $850,000.00.

Who is the broker for the CVNA Form 144 sale?

The filing lists Morgan Stanley Smith Barney LLC Executive Financial Services.

When is the approximate sale date for the CVNA shares?

The approximate date of sale is 11/12/2025 on the NYSE.

How were the shares to be sold acquired?

They were acquired on 05/01/2024 via restricted stock vesting under a registered plan.

How many Carvana shares are outstanding?

The filing lists 141,423,193 shares outstanding.

Were there recent sales by the same holder?

Yes. The Gregory B. Sullivan Revocable Trust sold 2,500 shares on 11/04/2025 for $805,506.75.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/12/2025 - 05:07 PM EST Learn about SEC filing dates

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	0001027030
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Carvana Co
SEC File Number	001-38073
Address of Issuer	300 E. Rio Salado Parkway Tempe ARIZONA 85281
Phone	(602) 922-9866
Name of Person for Whose Account the Securities are To Be Sold	GREGORY B SULLIVAN REVOCABLE TRUST
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	Director

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	2500	850000.00	141423193	11/12/2025	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	05/01/2024	Restricted stock vesting under a registered plan	Issuer			2500	05/01/2024	Not Applicable

* 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
GREGORY B SULLIVAN REVOCABLE TRUST 300 E. Rio Salado Parkway Tempe AZ 85281	Common	11/04/2025	2500	805506.75

144: Remarks and Signature

Remarks
Date of Notice	11/12/2025
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	/s/ Gregory B Sullivan
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)