Form 144: Proposed resale of 50,000 CVNA shares

Morgan Stanley Smith Barney LLC submitted a Form 144 notice reporting proposed sales tied to restricted and performance stock units.

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Form 144 notice reporting proposed sales tied to restricted and performance stock units. The filing lists 50,000 common shares associated with Restricted and Performance Stock Units with an effective date of 01/01/2026. It also shows prior 10b5-1 sales by BHJC Trust of 50,000 shares on 06/01/2026 for $3,519,700 and 10,000 shares on 05/01/2026 for $3,849,572. The filing names Morgan Stanley Smith Barney LLC as the broker and cites 143,257,677 shares outstanding as of 07/01/2026.

Insights

Securities Compliance Counsel

Form 144 lists proposed resale activity and recent 10b5-1 plan transactions.

The filing identifies 50,000 shares tied to Restricted and Performance Stock Units with an effective date of 01/01/2026. It also documents 10b5-1 sales by BHJC Trust on 06/01/2026 and 05/01/2026 with the dollar amounts shown.

Regulatory implication: Form 144 is a notice of proposed sale under Rule 144; subsequent Form 4 or broker confirmations typically record actual transfers. Cash‑flow treatment and whether all units have vested or converted are not specified in the excerpt.

Key Figures

Proposed resale: 50,000 shares Prior 10b5-1 sale: 50,000 shares Prior 10b5-1 sale: 10,000 shares +2 more

5 metrics

Proposed resale 50,000 shares Restricted and Performance Stock Units dated 01/01/2026

Prior 10b5-1 sale 50,000 shares Sale dated 06/01/2026 for $3,519,700

Prior 10b5-1 sale 10,000 shares Sale dated 05/01/2026 for $3,849,572

Shares outstanding 143,257,677 shares As of 07/01/2026

Broker listed Morgan Stanley Smith Barney LLC Broker for proposed resale activity

Key Terms

10b5-1 Sales Plan, Restricted and Performance Stock Units, Form 144

3 terms

10b5-1 Sales Plan regulatory

"10b5-1 Sales Plan for BHJC Trust 300 E. Rio Salado Parkway Tempe"

A 10b5-1 sales plan is a written, prearranged schedule that company insiders use to buy or sell their employer’s stock under a U.S. securities rule, so trades occur automatically at set times or prices regardless of later private information. It matters to investors because it reduces the risk of insider-trading accusations and signals that certain insider trades were planned ahead—like putting transactions on autopilot—while still affecting share supply and market confidence.

Restricted and Performance Stock Units financial

"Restricted and Performance Stock Units | Issuer | 50000 | 01/01/2026"

Form 144 regulatory

"Filer Information | 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

FAQ

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

What does the CVNA Form 144 filing report?

It reports a notice of proposed resale of 50,000 common shares tied to Restricted and Performance Stock Units dated 01/01/2026. The filing also lists recent 10b5-1 sales by BHJC Trust in May and June 2026.

Who is listed as the broker in the CVNA Form 144?

The filing lists Morgan Stanley Smith Barney LLC at 1 New York Plaza, 8th Floor, New York, NY. That broker is associated with the reported proposed resale activity in this notice.

What 10b5-1 sales are disclosed in the filing?

The excerpt shows BHJC Trust sold 50,000 shares on 06/01/2026 for $3,519,700 and 10,000 shares on 05/01/2026 for $3,849,572 under a 10b5-1 sales plan.

How many CVNA shares outstanding does the filing show?

The filing lists 143,257,677 shares outstanding with an associated date of 07/01/2026, presented as an outstanding-share count in the excerpt.

Are proceeds or vesting details provided for the Restricted and Performance Stock Units?

The excerpt states the units count (50,000) and date (01/01/2026) but does not provide proceeds allocations or detailed vesting/conversion mechanics in the visible text.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 07/01/2026 - 04:57 PM EDT 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	0001700537
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	6029229866
Name of Person for Whose Account the Securities are To Be Sold	BHJC 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	Officer

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	50000	3291000.00	143257677	07/01/2026	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	01/01/2026	Restricted and Performance Stock Units	Issuer			50000	01/01/2026	N/A

* 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	06/01/2026	50000	3519700.00
10b5-1 Sales Plan for BHJC Trust 300 E. Rio Salado Parkway Tempe AZ 85281	COMMON	05/01/2026	10000	3849572.00

144: Remarks and Signature

Remarks	The securities to be sold were acquired upon the vesting of Restricted and Performance Stock Units during the period of 01/01/2026 through 04/29/2026.
Date of Notice	07/01/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	12/13/2024
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/ Benjamin E Huston
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)