Carvana (CVNA) director sells 15,000 shares after exercising stock options

Rhea-AI Filing Summary

CARVANA CO. director Ira J. Platt reported an exercise-and-sell transaction involving the company’s Class A Common Stock. He exercised non-qualified stock options for 15,000 shares at an exercise price of $3.00 per share, then sold 7,500 shares at $68.00 and 7,500 shares at $67.65 in open-market trades on June 15, 2026. After these transactions, he held 193,970 shares directly and also reported indirect holdings of 102,125 and 56,290 shares in trusts benefiting his spouse, plus 9,995 shares held by the Platt Family Foundation, where he has voting and investment power but disclaims beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary

Net Seller: 15,000 shares ($1,017,375)

Net Sell 7 txns

Insider PLATT IRA J.

Role null

Sold 15,000 shs ($1.02M)

Type	Security	Shares	Price	Value
Exercise	Stock Options (Right to Buy)	15,000	$0.00	--
Exercise	Class A Common Stock	15,000	$3.00	$45K
Sale	Class A Common Stock	7,500	$67.65	$507K
Sale	Class A Common Stock	7,500	$68.00	$510K
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Stock Options (Right to Buy) — 89,640 shares (Direct, null); Class A Common Stock — 201,470 shares (Direct, null); Class A Common Stock — 102,125 shares (Indirect, By Trust)

Footnotes (1)

1. All amounts reflect the five for one forward stock split conducted by the issuer on May 7, 2026. These Class A Shares are held directly by the Ira J. Platt Revocable Trust (the "Revocable"). The Reporting Person is co-trustee of the Trust, and the Reporting Person's spouse is the primary beneficiary of the Trust. Represents shares of Class A common stock held directly by the Georgiana Platt and Successors Remainder Trust (the "Settlers Trust"). The Reporting Person's spouse is co-trustee and primary beneficiary of the Settlers Trust. Represents shares of Class A common stock held by the Platt Family Foundation (the "Foundation"), a charitable organization. The Reporting Person has voting and investment power over all securities owned by the Foundation. The Reporting Person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein. The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2018 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

Key Figures

Shares sold: 15,000 shares Sale prices: $68.00 and $67.65 per share Options exercised: 15,000 shares at $3.00/share +5 more

8 metrics

Shares sold 15,000 shares Class A Common Stock sold in two open-market trades on June 15, 2026

Sale prices $68.00 and $67.65 per share Prices for 7,500 shares each of Class A Common Stock

Options exercised 15,000 shares at $3.00/share Non-qualified stock options for Class A Common Stock

Direct holdings after transactions 193,970 shares Class A Common Stock held directly following June 15, 2026 trades

Revocable trust holdings 102,125 shares Indirect Class A Common Stock via Ira J. Platt Revocable Trust

Remainder trust holdings 56,290 shares Indirect Class A Common Stock via Georgiana Platt and Successors Remainder Trust

Foundation holdings 9,995 shares Class A Common Stock held by Platt Family Foundation

Remaining options 89,640 options Stock options outstanding after exercising 15,000 from this grant

Key Terms

open-market sale, non-qualified stock options, five for one forward stock split, Revocable Trust, +2 more

6 terms

open-market sale financial

"Sale in open market or private transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

non-qualified stock options financial

"The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock"

Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.

five for one forward stock split financial

"All amounts reflect the five for one forward stock split conducted by the issuer on May 7, 2026"

Revocable Trust financial

"held directly by the Ira J. Platt Revocable Trust (the "Revocable")"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

Remainder Trust financial

"held directly by the Georgiana Platt and Successors Remainder Trust (the "Settlers Trust")"

Platt Family Foundation financial

"held by the Platt Family Foundation (the "Foundation"), a charitable organization"

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

PLATT IRA 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/15/2026		M		15,000	A	$3	201,470(1)	D
Class A Common Stock	06/15/2026		S		7,500	D	$67.65	193,970(1)	D
Class A Common Stock	06/15/2026		S		7,500	D	$68	186,470(1)	D
Class A Common Stock								102,125(1)	I	By Trust(2)
Class A Common Stock								56,290(1)	I	By Trust(3)
Class A Common Stock								9,995(1)	I	Platt Family Foundation(4)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to Buy)	$3	06/15/2026		M			15,000	04/27/2018(5)	04/27/2027	Class A Common Stock	15,000	$0	89,640(1)	D

Explanation of Responses:

1. All amounts reflect the five for one forward stock split conducted by the issuer on May 7, 2026.

2. These Class A Shares are held directly by the Ira J. Platt Revocable Trust (the "Revocable"). The Reporting Person is co-trustee of the Trust, and the Reporting Person's spouse is the primary beneficiary of the Trust.

3. Represents shares of Class A common stock held directly by the Georgiana Platt and Successors Remainder Trust (the "Settlers Trust"). The Reporting Person's spouse is co-trustee and primary beneficiary of the Settlers Trust.

4. Represents shares of Class A common stock held by the Platt Family Foundation (the "Foundation"), a charitable organization. The Reporting Person has voting and investment power over all securities owned by the Foundation. The Reporting Person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein.

5. The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2018 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 Ira J. Platt	06/16/2026
	** Signature of Reporting Person	Date
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)

FAQ

What did Carvana (CVNA) director Ira J. Platt report in this Form 4?

Ira J. Platt reported exercising stock options and selling Carvana Class A shares. He exercised 15,000 options at $3.00 per share, then sold 15,000 shares in two open-market trades, updating both his direct and indirect ownership positions.

How many Carvana (CVNA) shares did Ira J. Platt sell and at what prices?

He sold 15,000 Carvana Class A shares in total. The sales were split into 7,500 shares at $68.00 per share and 7,500 shares at $67.65 per share, both classified as open-market sale transactions on June 15, 2026.

What stock options did Ira J. Platt exercise in Carvana (CVNA)?

Platt exercised non-qualified stock options for 15,000 underlying Carvana Class A shares. These options carried an exercise price of $3.00 per share and were part of a grant that vested beginning on April 1, 2018, with remaining options reported after exercise.

How many Carvana (CVNA) shares does Ira J. Platt hold directly after the transactions?

Following the June 15, 2026 transactions, Platt directly held 193,970 shares of Carvana Class A Common Stock. This figure reflects his direct ownership position after exercising 15,000 options and selling 15,000 shares in two separate open-market sales.

What indirect Carvana (CVNA) holdings are associated with Ira J. Platt?

Indirectly, Platt reported 102,125 and 56,290 Carvana Class A shares held by revocable and remainder trusts where his spouse is a primary beneficiary, plus 9,995 shares held by the Platt Family Foundation, a charitable organization over which he has voting and investment power.

How does the Platt Family Foundation relate to Carvana (CVNA) share ownership?

The Platt Family Foundation holds 9,995 Carvana Class A shares. Platt has voting and investment power over these securities but disclaims beneficial ownership of the foundation’s shares, except to the extent of any pecuniary interest described in the footnote disclosure.