Carvana (NYSE: CVNA) insider Mark Jenkins files to sell 12,750 shares
Rhea-AI Filing Summary
Carvana (CVNA) insider Mark Jenkins has filed a notice to sell up to 12,750 shares of common stock under Rule 144. The shares are to be sold through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value listed as $5,380,755.00. The filing notes that 141,423,193 common shares were outstanding.
The 12,750 shares were acquired on 01/02/2026 by exercising stock options, paid for in cash on the same date. The filing also reports prior Rule 10b5-1 sales for Mark Jenkins in the past three months: 12,750 common shares on 11/03/2025 for gross proceeds of $4,122,756.80 and 12,750 common shares on 12/01/2025 for gross proceeds of $4,794,934.50. The signer represents that they are not aware of undisclosed material adverse information about the issuer.
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FAQ
What does the CVNA Form 144 filing disclose about planned share sales?
The filing discloses that 12,750 shares of Carvana common stock are planned to be sold under Rule 144. The shares are to be sold through Morgan Stanley Smith Barney LLC on the NYSE, with an indicated aggregate market value of $5,380,755.00.
Who is selling Carvana (CVNA) shares and how were the shares acquired?
The notice relates to sales for Mark Jenkins. The shares to be sold are common stock that were acquired on 01/02/2026 via an exercise of stock options, with the purchase price paid in cash on the same date.
How many Carvana (CVNA) shares are outstanding in this Form 144?
The document states that there are 141,423,193 shares of Carvana common stock outstanding. This figure is provided as context alongside the amount of stock that may be sold under the notice.
What prior Carvana (CVNA) stock sales are reported for the past three months?
The filing lists prior Rule 10b5-1 sales for Mark Jenkins in the last three months: 12,750 common shares sold on 11/03/2025 for gross proceeds of $4,122,756.80, and 12,750 common shares sold on 12/01/2025 for gross proceeds of $4,794,934.50.
What trading arrangements are referenced in the CVNA Form 144 filing?
The section on securities sold during the past three months describes the transactions as 10b5-1 sales for Mark Jenkins, indicating that the prior sales were made under a written trading plan or instructions intended to comply with Rule 10b5-1.
What representation does the seller make about information on Carvana (CVNA)?
By signing the notice, the person for whose account the securities are to be sold represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.