Carvana (CVNA) officer Taira reports 10,000-share sale and RSU tax withholding

Rhea-AI Filing Summary

Carvana Co. executive reports planned stock sale and tax withholding. Carvana Co. (CVNA) officer Thomas Taira, President, Special Projects, reported selling 10,000 shares of Class A Common Stock on 11/28/2025 under a Rule 10b5-1 trading plan adopted on August 8, 2025. The sale used a volume-weighted average price of $375.01 per share, executed in multiple trades between $375.00 and $375.19. On 12/01/2025, 675 additional shares were withheld to cover taxes upon vesting of restricted stock units. After these transactions, Taira beneficially owns 105,832 shares of Carvana Class A Common Stock, held directly.

Insider Trade Summary

Net Seller: 10,000 shares ($3,750,100)

Net Sell 2 txns

Insider Taira Thomas

Role President, Special Projects

Sold 10,000 shs ($3.75M)

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	675	$375.26	$253K
Sale	Class A Common Stock	10,000	$375.01	$3.75M

Holdings After Transaction: Class A Common Stock — 105,832 shares (Direct)

Footnotes (1)

1. The reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2025. 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. This transaction was executed in multiple trades at prices ranging from $375.00 to $375.19, inclusive. 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.

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).

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^*

Taira Thomas

(Last) (First) (Middle)

300 E. RIO SALADO PKWY

(Street)

TEMPE AZ 85281

(City) (State) (Zip)

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)
	President, Special Projects

3. Date of Earliest Transaction (Month/Day/Year)
11/28/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	11/28/2025		S		10,000(1)	D	$375.01(2)(3)	106,507	D
Class A Common Stock	12/01/2025		F		675(4)	D	$375.26	105,832	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. The reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2025.

2. 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.

3. This transaction was executed in multiple trades at prices ranging from $375.00 to $375.19, inclusive.

4. 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 Thomas Taira	12/02/2025
	** 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.

FAQ

What insider transaction did Carvana (CVNA) report in this Form 4?

An officer of Carvana Co. reported selling 10,000 shares of Class A Common Stock on 11/28/2025 and having 675 shares withheld on 12/01/2025 for taxes on vesting restricted stock units.

Who is the Carvana (CVNA) insider involved in this Form 4 filing?

The reporting person is Thomas Taira, an officer of Carvana Co. with the title President, Special Projects.

How many Carvana (CVNA) shares does the insider own after these transactions?

Following the reported transactions, the insider beneficially owns 105,832 shares of Carvana Class A Common Stock, held directly.

At what price were the Carvana (CVNA) shares sold by the insider?

The reported sale reflects a volume-weighted average price of $375.01 per share, with individual trades executed between $375.00 and $375.19.

Was the Carvana (CVNA) insider sale made under a Rule 10b5-1 trading plan?

Yes. The 10,000-share sale was effected under a Rule 10b5-1 trading plan that the reporting person adopted on August 8, 2025.

Why were 675 Carvana (CVNA) shares withheld in the Form 4?

The 675 shares represent Class A Common Stock withheld to cover taxes upon vesting of restricted stock units from various awards.