Carvana (CVNA) Form 144: Insider notice to sell 15,000 Class A shares

Rhea-AI Filing Summary

CVNA submitted a Form 144 notice relating to 15,000 shares of Class A Common stock dated 06/15/2026. The proposed transactions are described as Exercise of Options Under a Registered Plan and list Morgan Stanley Smith Barney LLC as the broker. The notice shows two tranches of 1,545 and 13,455 shares to be sold on 06/15/2026.

Insights

Securities Compliance Analyst

Notice of proposed sale under Rule 144 for 15,000 Class A shares.

The filing is a regulatory notice that lists 15,000 shares offered via the exercise of options under a registered plan, with transactions arranged through Morgan Stanley Smith Barney LLC on 06/15/2026. This form notifies the market of an intended resale; it does not itself consummate sales.

Because this is an administrative disclosure, material impact is typically limited; subsequent Form 4 or broker reports would show execution details and net proceeds if sales occur.

Key Figures

Total shares listed: 15,000 shares Tranche A: 1,545 shares Tranche B: 13,455 shares +2 more

5 metrics

Total shares listed 15,000 shares Form 144 notice dated 06/15/2026

Tranche A 1,545 shares Listed as part of proposed sale on 06/15/2026

Tranche B 13,455 shares Listed as part of proposed sale on 06/15/2026

Broker Morgan Stanley Smith Barney LLC Broker listed on Form 144 cover information

Transaction type Exercise of Options Under a Registered Plan Described as the basis for the proposed sale

Key Terms

Form 144, Exercise of Options Under a Registered Plan, Rule 144

3 terms

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.

Exercise of Options Under a Registered Plan financial

"Securities To Be Sold | Exercise of Options Under a Registered Plan"

Rule 144 regulatory

"Form 144 notice (implicit regulatory context)"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

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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
Class A Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	15000	1017375.00	143257677	06/15/2026	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 *
Class A Common	06/15/2026	Exercise of Options Under a Registered Plan	Issuer			1545	06/15/2026	Cash
Class A Common	06/15/2026	Exercise of Options Under a Registered Plan	Issuer			13455	06/15/2026	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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

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 CVNA's Form 144 filing mean?

It notifies the SEC and market of a proposed sale of 15,000 Class A shares by an insider or affiliate. The filing states the sales arise from the exercise of options under a registered plan and names the executing broker and sale date.

When are the shares in CVNA's Form 144 proposed to be sold?

The filing lists the sale date as 06/15/2026. It shows two tranches of 1,545 and 13,455 shares, both tied to the same date and transaction description in the notice.

Who is the broker handling the proposed CVNA sale?

The filing names Morgan Stanley Smith Barney LLC at the New York Plaza address as the broker. The broker is listed in the Form 144 notice that accompanies the proposed transactions.

Does this Form 144 confirm the shares were sold?

No. The Form 144 is a notice of a proposed resale under Rule 144. It lists intended transactions but does not by itself confirm execution; execution details would appear in subsequent reports if sales occur.