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Carvana (CVNA) COO gets 133,972-share RSU grant, trades 50,000 shares

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Carvana Co. Chief Operating Officer Benjamin E. Huston was granted 133,972 shares of Class A Common Stock underlying restricted stock units on August 3, 2026, vesting 25% on April 1, 2027 and monthly thereafter for three years. On August 1, 2026, 7,018 shares were withheld to cover taxes upon restricted stock unit vesting. On August 3, 2026, he sold 50,000 shares of Class A Common Stock in open-market transactions under a Rule 10b5-1 trading plan at volume-weighted average prices of $63.18, $64.14, $65.06 and $65.81 per share.

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Insider HUSTON BENJAMIN E.
Role Chief Operating Officer
Sold 50,000 shs ($3.22M)
Type Security Shares Price Value
Grant/Award Class A Common Stock F2 133,972 $0.00 $0.00
Sale Class A Common Stock F3, F4, F5 6,320 $63.18 $399K
Sale Class A Common Stock F3, F4, F6 22,144 $64.14 $1.42M
Sale Class A Common Stock F3, F4, F7 15,920 $65.06 $1.04M
Sale Class A Common Stock F3, F4, F8 5,616 $65.81 $370K
Tax Withholding Class A Common Stock F1 7,018 $62.36 $438K
Holdings After Transaction: Class A Common Stock — 535,709 shares (Direct)
Footnotes (8)
  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.
  3. F3. The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024 (the "10b5-1 Plan").
  4. F4. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
  5. F5. This transaction was executed in multiple trades at prices ranging from $62.55 to $63.54 inclusive.
  6. F6. This transaction was executed in multiple trades at prices ranging from $63.55 to $64.54 inclusive.
  7. F7. This transaction was executed in multiple trades at prices ranging from $64.55 to $65.54 inclusive.
  8. F8. This transaction was executed in multiple trades at prices ranging from $65.62 to $66.08 inclusive.
RSU award size 133972.0000 shares Restricted stock units underlying Class A Common Stock granted to COO on August 3, 2026
Shares sold in open-market trades 50000 shares Aggregate Class A Common Stock sold on August 3, 2026 per transaction summary
Shares withheld for taxes 7018.0000 shares Class A Common Stock withheld on August 1, 2026 to cover tax liability on RSU vesting
Sale price tranche 1 63.1800 per share Volume-weighted average price for 6320 shares sold on August 3, 2026
Sale price tranche 2 64.1400 per share Volume-weighted average price for 22144 shares sold on August 3, 2026
Sale price tranche 3 65.0600 per share Volume-weighted average price for 15920 shares sold on August 3, 2026
Sale price tranche 4 65.8100 per share Volume-weighted average price for 5616 shares sold on August 3, 2026
restricted stock units financial
"Represents shares of Class A Common Stock underlying restricted stock units acquired by the Reporting Person."
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.
Rule 10b5-1 trading plan regulatory
"The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
volume weighted average sale price financial
"The price reported above reflects the volume weighted average sale price."
Class A Common Stock financial
"Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes."
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.

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FAQ

What equity award did Carvana (CVNA) grant to COO Benjamin Huston?
Carvana granted COO Benjamin Huston restricted stock units underlying 133,972 shares of Class A Common Stock on August 3, 2026. The RSUs vest 25% on April 1, 2027 and then monthly over the following three years, subject to continued service.

How many Carvana (CVNA) shares did the COO sell, and at what prices?
On August 3, 2026, Benjamin Huston sold 50,000 shares of Carvana Class A Common Stock in open-market trades. The volume-weighted average prices were $63.18, $64.14, $65.06 and $65.81 per share, each executed in multiple trades within stated price ranges.

Were the Carvana (CVNA) insider stock sales made under a Rule 10b5-1 plan?
Yes. The filing states the reported sales were effected under a Rule 10b5-1 trading plan adopted by Benjamin Huston on December 13, 2024. Such plans pre-schedule trades, reducing the informational value of the precise sale timing for investors.

Why were 7,018 Carvana (CVNA) shares disposed of by the COO?
A total of 7,018 shares of Carvana Class A Common Stock were withheld for taxes on August 1, 2026. The filing explains these shares covered tax obligations upon vesting of restricted stock units from various equity awards held by Benjamin Huston.

When do the newly granted Carvana (CVNA) RSUs to the COO vest?
The new restricted stock units granted to Benjamin Huston vest 25% on April 1, 2027. The remaining units then vest monthly over the next three years, conditioned on his continued service with Carvana as described in the award footnote.
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).
X
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*
HUSTON BENJAMIN E.
(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 Operating 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 Stock08/01/2026F7,018(1)D$62.36451,737D
Class A Common Stock08/03/2026A133,972(2)A$0585,709D
Class A Common Stock08/03/2026S6,320(3)D$63.18(4)(5)579,389D
Class A Common Stock08/03/2026S22,144(3)D$64.14(4)(6)557,245D
Class A Common Stock08/03/2026S15,920(3)D$65.06(4)(7)541,325D
Class A Common Stock08/03/2026S5,616(3)D$65.81(4)(8)535,709D
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.
3. The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024 (the "10b5-1 Plan").
4. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
5. This transaction was executed in multiple trades at prices ranging from $62.55 to $63.54 inclusive.
6. This transaction was executed in multiple trades at prices ranging from $63.55 to $64.54 inclusive.
7. This transaction was executed in multiple trades at prices ranging from $64.55 to $65.54 inclusive.
8. This transaction was executed in multiple trades at prices ranging from $65.62 to $66.08 inclusive.
Remarks:
/s/ Paul Breaux, by Power of Attorney for Benjamin E. Huston08/04/2026
** 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