Issuer of CVNA (NYSE: CVNA) discloses Form 144 for 10,000-share sale

Rhea-AI Filing Summary

A holder of CVNA common stock has filed a Form 144 notice to sell 10,000 shares through Morgan Stanley Smith Barney LLC on the NYSE. The shares have an indicated aggregate market value of $4,220,200, compared with 141,423,193 common shares outstanding. The seller acquired these 10,000 shares on 01/02/2026 by exercising stock options for cash on the same date.

The notice also lists recent sales under a 10b5-1 sales plan for BHJC Trust, including 20,000 shares sold on 12/12/2025 for $9,500,000.00 and 40,000 shares sold on 12/08/2025 for $17,580,000.00. Additional transactions include 10,000-share sales on 12/01/2025 and 11/03/2025, with gross proceeds of $3,771,101.00 and $3,245,730.00, respectively. The signer represents they are not aware of undisclosed material adverse information about the issuer.

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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	10000	4220200.00	141423193	01/02/2026	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	01/02/2026	Exercise of Stock Options	Issuer			10000	01/02/2026	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	12/12/2025	20000	9500000.00
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

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 type of CVNA securities are covered in this Form 144 notice?

The notice covers common stock of the issuer, identified in the filing as the COMMON class listed for trading on the NYSE.

How many CVNA shares are planned to be sold and at what market value?

The filing indicates an intention to sell 10,000 common shares with an aggregate market value of $4,220,200.00, using Morgan Stanley Smith Barney LLC as broker.

How were the 10,000 CVNA shares in the Form 144 acquired?

According to the filing, the 10,000 shares were acquired on 01/02/2026 via an exercise of stock options from the issuer, with the purchase price paid in cash on that date.

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

The filing reports that there are 141,423,193 common shares outstanding for the issuer at the time referenced in the notice.

What recent CVNA stock sales under a 10b5-1 plan are disclosed?

The notice lists sales under a 10b5-1 Sales Plan for BHJC Trust, including 20,000 shares sold on 12/12/2025 for $9,500,000.00, 40,000 shares on 12/08/2025 for $17,580,000.00, and 10,000-share sales on 12/01/2025 and 11/03/2025 with gross proceeds of $3,771,101.00 and $3,245,730.00, respectively.

What representation does the seller make about information on CVNA?

The seller represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed, as stated in the signature section.