Carvana officer has shares withheld for RSU taxes

CARVANA CO. officer Paul W. Breaux reported a routine tax-related share disposition tied to equity compensation.

Rhea-AI Filing Summary

CARVANA CO. officer Paul W. Breaux reported a routine tax-related share disposition tied to equity compensation. On the vesting of restricted stock units, 2,870 shares of Class A Common Stock were withheld by the company to cover taxes, based on a price of $312.09 per share. After this withholding, Breaux directly holds 64,418 shares of Carvana Class A Common Stock. This transaction reflects tax withholding on RSU vesting rather than an open-market sale.

Insider Trade Summary

Exercise Price or Tax Liability: 2,870 shares

Exercise Price or Tax Liability 1 txn

Insider BREAUX PAUL W.

Role See Remarks

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	2,870	$312.09	$896K

Holdings After Transaction: Class A Common Stock — 64,418 shares (Direct)

Footnotes (1)

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.

Key Figures

Shares withheld for taxes: 2,870 shares Withholding price per share: $312.09 per share Shares held after transaction: 64,418 shares

3 metrics

Shares withheld for taxes 2,870 shares Tax withholding on RSU vesting for Paul W. Breaux

Withholding price per share $312.09 per share Value used for tax-withholding disposition

Shares held after transaction 64,418 shares Direct holdings of Carvana Class A Common Stock after withholding

Key Terms

restricted stock units, tax-withholding disposition, Class A Common Stock, beneficial ownership

4 terms

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.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Class A Common Stock financial

"security_title": "Class A Common Stock""

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.

beneficial ownership financial

"Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes"

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

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

What insider transaction did Carvana (CVNA) report for Paul W. Breaux?

Carvana reported that officer Paul W. Breaux had 2,870 Class A shares withheld to cover taxes on vested restricted stock units. This was a tax-withholding disposition, not an open-market sale, and reflects routine treatment of equity compensation.

How many Carvana (CVNA) shares were withheld for taxes in this filing?

A total of 2,870 shares of Carvana Class A Common Stock were withheld to satisfy tax obligations when restricted stock units vested. The shares were valued at $312.09 each for this purpose, according to the disclosure.

Did Paul W. Breaux sell Carvana (CVNA) shares on the open market?

No, the filing shows a tax-withholding disposition, not an open-market sale. Shares were delivered back to Carvana to cover tax liabilities from vesting restricted stock units, a standard administrative step in stock-based compensation.

What is Paul W. Breaux’s Carvana (CVNA) shareholding after this transaction?

Following the tax-withholding transaction, Paul W. Breaux directly holds 64,418 shares of Carvana Class A Common Stock. This total reflects his position after 2,870 shares were withheld to cover taxes tied to RSU vesting.

What does a tax-withholding disposition mean for Carvana (CVNA) insiders?

A tax-withholding disposition means the company withholds part of an insider’s vested shares to pay required taxes. For Carvana, this filing shows 2,870 vested RSU shares withheld, a routine mechanism that does not represent an insider’s discretionary share sale.

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

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Accepted by SEC EDGAR 04/03/2026 - 04:29 PM EDT 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^*

BREAUX PAUL W.

(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)
	See Remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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	04/01/2026		F		2,870(1)	D	$312.09	64,418	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.

Remarks:

Vice President, General Counsel, Secretary, and Chief Compliance Officer

	/s/ Paul Breaux	04/03/2026
	** 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)