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Carvana (CVNA) grants 119,883 RSUs, withholds shares to pay taxes

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Carvana chief product officer Daniel J. Gill reported equity compensation activity in Class A common stock. He received an award of 119,883 restricted stock units, representing underlying shares that vest 25% on April 1, 2027 and monthly over the following three years, subject to continued service. Separately, 7,707 shares were withheld at $62.36 per share to satisfy tax obligations arising from restricted stock unit vesting.

Positive

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Negative

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Insider GILL DANIEL J.
Role Chief Product Officer
Type Security Shares Price Value
Grant/Award Class A Common Stock F2 119,883 $0.00 $0.00
Tax Withholding Class A Common Stock F1 7,707 $62.36 $481K
Holdings After Transaction: Class A Common Stock — 1,050,304 shares (Direct)
Footnotes (2)
  1. F1. Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of restricted stock units pursuant to various awards.
  2. F2. Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2027 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
RSU award size 119,883 shares Restricted stock units underlying Class A common stock granted to Daniel J. Gill
Shares withheld for taxes 7,707 shares Class A shares withheld upon RSU vesting to cover tax obligations
Tax withholding price $62.36 per share Price for 7,707 Class A shares withheld for taxes on August 1, 2026
Initial RSU vesting date April 1, 2027 25% of the 119,883 restricted stock units vest on this date
Remaining vesting period Three years after April 1, 2027 Remaining RSUs vest monthly over the following three years
restricted stock units financial
"Represents shares of Class A Common Stock underlying restricted stock units acquired"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withheld for taxes financial
"Represents total number of shares of Class A Common Stock withheld for taxes"
continued service financial
"Units vest 25% on April 1, 2027 and monthly thereafter, subject to continued service"

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transactions did Carvana (CVNA) executive Daniel J. Gill report?
Daniel J. Gill reported two equity-related transactions. He received an award of 119,883 restricted stock units tied to Class A common stock, and 7,707 shares were withheld to cover tax liabilities triggered by vesting of earlier restricted stock unit awards.

How large was Daniel J. Gill’s new RSU award at Carvana (CVNA)?
Gill received 119,883 restricted stock units linked to Carvana Class A common stock. These RSUs do not deliver shares immediately; they represent a future right to shares that will vest over time, subject to his continued service with the company.

What is the vesting schedule for Daniel J. Gill’s 119,883 Carvana (CVNA) RSUs?
The 119,883 restricted stock units vest 25% on April 1, 2027, then vest monthly over the following three years. Vesting is conditioned on Gill’s continued service with Carvana throughout this period for the remaining installments to be delivered.

Why were 7,707 Carvana (CVNA) shares withheld in Daniel J. Gill’s Form 4?
The 7,707 shares of Class A common stock were withheld for taxes in connection with the vesting of restricted stock units. This disposition, at $62.36 per share, reflects payment of tax obligations by delivering or withholding shares rather than a market sale.

Did Daniel J. Gill buy or sell Carvana (CVNA) shares on the open market?
The filing shows no open-market purchases or sales. It reports an RSU grant and a withholding of 7,707 shares to satisfy tax liabilities from RSU vesting, which is a common administrative transaction rather than a discretionary market trade.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
GILL DANIEL J.
(Last)(First)(Middle)
C/O CARVANA CO.
300 E. RIO SALADO PARKWAY
(Street)
TEMPE ARIZONA 85281
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
CARVANA CO. [ CVNA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Product Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock08/01/2026F7,707(1)D$62.36930,421D
Class A Common Stock08/03/2026A119,883(2)A$01,050,304D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of restricted stock units pursuant to various awards.
2. Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2027 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
Remarks:
/s/ Paul Breaux, by Power of Attorney for Daniel J. Gill08/04/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR