Carvana (NYSE: CVNA) CBO RSU tax withholding of 577 shares

Rhea-AI Filing Summary

CARVANA CO. Chief Brand Officer Ryan S. Keeton reported a tax-related share disposition linked to restricted stock unit vesting. On May 1, 2026, 577 shares of Class A Common Stock were withheld by the company to satisfy tax obligations, at a value of $382.60 per share. This was a tax-withholding disposition, not an open-market sale, and Keeton’s directly held stake after the transaction is 76,858 shares of Class A Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider KEETON RYAN S.

Role Chief Brand Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	577	$382.60	$221K

Holdings After Transaction: Class A Common Stock — 76,858 shares (Direct, null)

Footnotes (1)

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Key Figures

Tax-withheld shares: 577 shares Per-share value: $382.60 per share Post-transaction holdings: 76,858 shares

3 metrics

Tax-withheld shares 577 shares Withheld for taxes on RSU vesting on May 1, 2026

Per-share value $382.60 per share Valuation used for tax-withholding disposition

Post-transaction holdings 76,858 shares Class A Common Stock held directly after transaction

Key Terms

restricted stock units, tax-withholding disposition, Class A Common Stock, Form 4

4 terms

restricted stock units financial

"withheld for taxes upon vesting of restricted stock units pursuant to various awards"

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.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Class A Common Stock financial

"Represents total number of shares of Class A Common Stock of the Issuer withheld"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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^*

KEETON RYAN S.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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	05/01/2026		F		577(1)	D	$382.6	76,858	D

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

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.

Remarks:

	/s/ Paul Breaux, by Power of Attorney for Ryan S. Keeton	05/05/2026
	** 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) executive Ryan S. Keeton report in this Form 4 filing?

Ryan S. Keeton reported a tax-withholding disposition of 577 shares of Carvana Class A Common Stock. The shares were withheld by the company to cover taxes due upon vesting of restricted stock units granted under prior awards.

Was the Carvana (CVNA) Form 4 transaction an open-market sale of shares?

No, the transaction was not an open-market sale. The 577 shares of Class A Common Stock were withheld by the issuer to cover tax liabilities triggered by vesting restricted stock units, a common administrative mechanism rather than a discretionary share sale.

How many Carvana (CVNA) shares did Ryan S. Keeton have after this tax withholding?

Following the tax-withholding disposition, Ryan S. Keeton directly held 76,858 shares of Carvana Class A Common Stock. This figure reflects his remaining direct ownership position after 577 shares were withheld to satisfy tax obligations on RSU vesting.

What price per share was used for the Carvana (CVNA) tax-withholding transaction?

The withholding transaction used a price of $382.60 per share for the 577 shares of Class A Common Stock. This value helps determine the tax amount satisfied through share withholding when the restricted stock units vested for the executive.

What caused the 577 Carvana (CVNA) shares to be withheld from Ryan S. Keeton?

The 577 shares were withheld because restricted stock units previously granted to Ryan S. Keeton vested. Upon vesting, the issuer retained a portion of the resulting shares to pay applicable tax liabilities instead of requiring a separate cash payment.