Carvana executive sells 5,000 shares in plan trade

Carvana Co. Vice President of Accounting Stephen R. Palmer reported selling 5,000 shares of Class A Common Stock on August 3, 2026, in four transactions at volume weighted average prices of $63.1900, $64.2200, $65.1400, and $65.8200 per share.

Rhea-AI Filing Summary

Carvana Co. Vice President of Accounting Stephen R. Palmer reported selling 5,000 shares of Class A Common Stock on August 3, 2026, in four transactions at volume weighted average prices of $63.1900, $64.2200, $65.1400, and $65.8200 per share. On August 1, 2026, 3,025 shares were withheld to cover tax liabilities upon vesting of restricted stock units. All reported sales were effected under a pre-arranged Rule 10b5-1 trading plan adopted May 28, 2025.

Insider Trade Summary 10b5-1

Net Seller: 5,000 shares

Net Sell 5 txns

Insider Palmer Stephen R

Role Vice President of Accounting

Sold 5,000 shs ($322K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F2, F3, F4	760	$63.19	$48K
Sale	Class A Common Stock F2, F3, F5	2,280	$64.22	$146K
Sale	Class A Common Stock F2, F3, F6	1,440	$65.14	$94K
Sale	Class A Common Stock F2, F3, F7	520	$65.82	$34K
Tax Withholding	Class A Common Stock F1	3,025	$62.36	$189K

Holdings After Transaction: Class A Common Stock — 136,909 shares (Direct)

Footnotes (7)

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. The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 28, 2025 (the "10b5-1 Plan").
3. F3. 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.
4. F4. This transaction was executed in multiple trades at prices ranging from $62.67 to $63.48 inclusive.
5. F5. This transaction was executed in multiple trades at prices ranging from $63.67 to $64.64 inclusive.
6. F6. This transaction was executed in multiple trades at prices ranging from $64.67 to $65.56 inclusive.
7. F7. This transaction was executed in multiple trades at prices ranging from $65.69 to $66.08 inclusive.

Key Figures

Shares sold: 5000 shares Sale price: $63.1900 per share Sale price: $64.2200 per share +5 more

8 metrics

Shares sold 5000 shares Aggregate Class A Common Stock sold on August 3, 2026

Sale price $63.1900 per share Volume weighted average price for 760 shares sold August 3, 2026

Sale price $64.2200 per share Volume weighted average price for 2280 shares sold August 3, 2026

Sale price $65.1400 per share Volume weighted average price for 1440 shares sold August 3, 2026

Sale price $65.8200 per share Volume weighted average price for 520 shares sold August 3, 2026

Shares withheld for taxes 3025.0000 shares Shares withheld on August 1, 2026 upon RSU vesting to cover taxes

Tax withholding price $62.3600 per share Value used for 3025 shares withheld for taxes on August 1, 2026

Rule 10b5-1 plan adoption date May 28, 2025 Adoption date of trading plan covering the reported sales

Key Terms

Rule 10b5-1 trading plan, volume weighted average sale price, restricted stock units, withheld for taxes

4 terms

Rule 10b5-1 trading plan regulatory

"The reported sales were effected pursuant to a Rule 10b5-1 trading plan"

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."

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.

withheld for taxes financial

"Represents total number of shares ... withheld for taxes upon vesting"

FAQ

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

What insider stock sale did Carvana (CVNA) report for August 3, 2026?

Carvana reported that Vice President of Accounting Stephen R. Palmer sold 5,000 shares of Class A Common Stock on August 3, 2026, in four transactions at volume weighted average prices between $63.1900 and $65.8200 per share under a Rule 10b5-1 trading plan.

At what prices did Stephen R. Palmer sell Carvana (CVNA) shares?

The sales were reported at volume weighted average prices of $63.1900 for 760 shares, $64.2200 for 2,280 shares, $65.1400 for 1,440 shares, and $65.8200 for 520 shares, each executed in multiple trades within stated price ranges.

How many Carvana (CVNA) shares were withheld for taxes, and for what purpose?

A total of 3,025 shares of Carvana Class A Common Stock were withheld for taxes on August 1, 2026, at $62.3600 per share. The withholding covered tax liabilities arising from the vesting of restricted stock units granted under various equity awards.

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

Yes. Footnotes state the reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Stephen R. Palmer on May 28, 2025. Such pre-arranged plans allow trades to occur under preset instructions, independent of later market developments.

Which Carvana (CVNA) executive is involved in these reported insider transactions?

The transactions involve Stephen R. Palmer, who serves as Carvana Co.'s Vice President of Accounting. He reported open-market or private sales totaling 5,000 shares and a separate tax-withholding disposition of 3,025 shares related to restricted stock unit vesting.

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

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Available on EDGAR 08/04/2026 - 05:05 PM Accepted by SEC EDGAR 08/04/2026 - 05:04 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).

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^*

Palmer Stephen R

(Last) (First) (Middle)

C/O CARVANA CO.

300 E. RIO SALADO PKWY

(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)
	Vice President of Accounting

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2026

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	08/01/2026		F		3,025(1)	D	$62.36	141,909	D
Class A Common Stock	08/03/2026		S		760(2)	D	$63.19(3)(4)	141,149	D
Class A Common Stock	08/03/2026		S		2,280(2)	D	$64.22(3)(5)	138,869	D
Class A Common Stock	08/03/2026		S		1,440(2)	D	$65.14(3)(6)	137,429	D
Class A Common Stock	08/03/2026		S		520(2)	D	$65.82(3)(7)	136,909	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.

2. The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 28, 2025 (the "10b5-1 Plan").

3. 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.

4. This transaction was executed in multiple trades at prices ranging from $62.67 to $63.48 inclusive.

5. This transaction was executed in multiple trades at prices ranging from $63.67 to $64.64 inclusive.

6. This transaction was executed in multiple trades at prices ranging from $64.67 to $65.56 inclusive.

7. This transaction was executed in multiple trades at prices ranging from $65.69 to $66.08 inclusive.

Remarks:

	/s/ Paul Breaux, by Power of Attorney for Stephen R. Palmer	08/04/2026
	** 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)