Carvana (NYSE: CVNA) director sells 30K shares after $3 option exercise
Rhea-AI Filing Summary
CARVANA CO. director Ira J. Platt reported option exercises and related share sales in Class A common stock. On August 13 and 14, 2026 he exercised in total 30,000 stock options at an exercise price of $3.00 per share, receiving 30,000 Class A shares. On the same dates, he sold 30,000 Class A shares in open-market or private transactions at prices of $73.00 and $75.50 per share. The exercised options were non-qualified stock options originally vesting from April 27, 2018 through the following three years and expiring on April 27, 2027. Indirect holdings include shares held through two family trusts and 9,995 Class A shares held by the Platt Family Foundation, over which he has voting and investment power while disclaiming beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 30,000 shares ($2.14M approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
PLATT IRA J.
Role
Director
Sold
30,000 shs ($2.23M)
Approx. gross sale proceeds
$2.23M
Approx. exercise cost
$90K
Approx. pre-tax spread
$2.14M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) F4 | 15,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 15,000 | $3.00 | $45K |
| Sale | Class A Common Stock | 15,000 | $75.50 | $1.13M |
| Exercise | Stock Options (Right to Buy) F4 | 15,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 15,000 | $3.00 | $45K |
| Sale | Class A Common Stock | 15,000 | $73.00 | $1.09M |
| holding | Class A Common Stock F1 | -- | -- | -- |
| holding | Class A Common Stock F2 | -- | -- | -- |
| holding | Class A Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 59,640 shares (Direct);
Class A Common Stock — 186,470 shares (Direct);
Class A Common Stock — 158,415 shares (Indirect, By Trust);
Class A Common Stock — 9,995 shares (Indirect, Platt Family Foundation)
Footnotes (4)
- F1. These Class A Shares are held directly by the Ira J. Platt Revocable Trust (the "Revocable Trust"). The Reporting Person is co-trustee of the Revocable Trust, and the Reporting Person's spouse is the primary beneficiary of the Revocable Trust.
- F2. 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.
- F3. 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.
- F4. 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 27, 2018 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
Key Figures
Options Exercised: 30,000 shares
Option Exercise Price: $3.00 per share
Shares Sold: 30,000 shares
+4 more
7 metrics
Options Exercised
30,000 shares
Total stock options exercised on August 13-14, 2026
Option Exercise Price
$3.00 per share
Exercise price for non-qualified stock options into Class A common stock
Shares Sold
30,000 shares
Total Class A shares sold on August 13-14, 2026
Sale Price 1
$73.00 per share
Sale price for 15,000 Class A shares on August 13, 2026
Sale Price 2
$75.50 per share
Sale price for 15,000 Class A shares on August 14, 2026
Foundation Holdings
9,995 shares
Class A shares held by the Platt Family Foundation after the reported transactions
Option Expiration Date
April 27, 2027
Expiration of the non-qualified stock options exercised in these transactions
Key Terms
non-qualified stock options, Revocable Trust, Remainder Trust, pecuniary interest, +1 more
5 terms
non-qualified stock options financial
"The non-qualified stock options representing the right to purchase..."
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.
Revocable Trust financial
"These Class A Shares are held directly by the Ira J. Platt Revocable Trust..."
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..."
pecuniary interest financial
"disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest..."
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the shares..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What transactions did Ira J. Platt report in CVNA stock on August 13-14, 2026?
Ira J. Platt exercised 30,000 stock options at $3.00 per share, receiving 30,000 Class A shares, and sold 30,000 shares in open-market or private transactions at $73.00 and $75.50 per share over two days.
What was the exercise price and size of the options Ira J. Platt exercised in CVNA?
He exercised non-qualified stock options covering 30,000 shares of Carvana Class A common stock at an exercise price of $3.00 per share. These options vested starting April 27, 2018 and expire on April 27, 2027, subject to continued service conditions.
At what prices did Ira J. Platt sell CVNA Class A common stock?
He sold a total of 30,000 Class A shares of Carvana at prices of $73.00 and $75.50 per share. The sales occurred on August 13 and 14, 2026 as open-market or private transactions, according to the Form 4 data.
Were Ira J. Platt’s CVNA transactions made under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), so these transactions are not reported as being executed under a Rule 10b5-1 trading plan, based on the provided data fields.
What indirect holdings in CVNA does Ira J. Platt report through trusts and a foundation?
Indirect interests include Class A shares held by the Ira J. Platt Revocable Trust, the Georgiana Platt and Successors Remainder Trust, and 9,995 shares held by the Platt Family Foundation, where he has voting and investment power but disclaims beneficial ownership except for his pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
