Carvana CEO has 7,067 shares withheld for taxes

Garcia also reported shareholdings in two trusts for which he is investment trustee and co-administrative trustee.

Rhea-AI Filing Summary

Carvana Co. CEO, director and 10% owner Ernest C. Garcia III reported 7,067 Class A common shares withheld for taxes upon vesting of restricted stock units on October 1, 2026, at $63.04 per share. He reported 4,709,732 shares held directly after the transaction. The Ernest C. Garcia III Multi-Generational Trust III held 2,250,000 shares, and the Ernest Irrevocable 2004 Trust III held 1,750,000 shares; Garcia is investment trustee and co-administrative trustee of both.

Insider Trade Summary

Tax Withholding: 7,067 shares

Tax Withholding 3 txns

Insider GARCIA ERNEST C. III

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock F1	7,067	$63.04	$446K
holding	Class A Common Stock F2	--	--	--
holding	Class A Common Stock F3	--	--	--

Holdings After Transaction: Class A Common Stock — 4,709,732 shares (Direct); Class A Common Stock — 2,250,000 shares (Indirect, Ernest C. Garcia III Multi-Generational Trust III); Class A Common Stock — 1,750,000 shares (Indirect, Ernest Irrevocable 2004 Trust III)

Footnotes (3)

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. These shares of Class A common stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.
3. F3. These shares of Class A common stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

Key Figures

Class A shares withheld for taxes: 7,067 shares Reported price per share: $63.04 per share Direct Class A shares following transaction: 4,709,732 shares +2 more

5 metrics

Class A shares withheld for taxes 7,067 shares October 1, 2026, upon vesting of restricted stock units

Reported price per share $63.04 per share Shares withheld for taxes on October 1, 2026

Direct Class A shares following transaction 4,709,732 shares Following the October 1, 2026 transaction

Multi-Generational Trust III Class A shares 2,250,000 shares Held by the Ernest C. Garcia III Multi-Generational Trust III

Irrevocable 2004 Trust III Class A shares 1,750,000 shares Held by the Ernest Irrevocable 2004 Trust III

Key Terms

restricted stock units, vesting, Investment Trustee

3 terms

restricted stock units financial

"vesting of restricted stock units"

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.

vesting financial

"withheld for taxes upon vesting"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Investment Trustee technical

"Reporting Person is the Investment Trustee"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many CVNA shares did Ernest C. Garcia III have withheld for taxes?

Ernest C. Garcia III reported 7,067 Class A common shares withheld for taxes upon vesting of restricted stock units on October 1, 2026, at $63.04 per share.

What CVNA share positions were reported after Ernest C. Garcia III's transaction?

Garcia reported 4,709,732 Class A common shares held directly after the transaction. Separately, the Ernest C. Garcia III Multi-Generational Trust III held 2,250,000 shares, and the Ernest Irrevocable 2004 Trust III held 1,750,000 shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/05/2026 - 06:02 PM Accepted by SEC EDGAR 10/05/2026 - 06:02 PM Learn about SEC filing dates

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^*

GARCIA ERNEST C. III

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2026

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	10/01/2026		F		7,067(1)	D	$63.04	4,709,732	D
Class A Common Stock								2,250,000	I	Ernest C. Garcia III Multi-Generational Trust III(2)
Class A Common Stock								1,750,000	I	Ernest Irrevocable 2004 Trust III(3)

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.

2. These shares of Class A common stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

3. These shares of Class A common stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

Remarks:

	/s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, III	10/05/2026
	** 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)