Carvana (CVNA) CEO Ernest Garcia details insider tax withholding move

Rhea-AI Filing Summary

Carvana Co. insider Ernest C. Garcia III, the company’s Chief Executive Officer, director and more than 10% owner, reported an equity transaction dated 01/01/2026. The filing shows 897 shares of Class A common stock were withheld to cover taxes upon the vesting of restricted stock units under various awards.

After this tax withholding, Garcia beneficially owns 917,341 Class A shares directly, plus additional indirect holdings through family trusts, including 450,000 shares held by the Ernest C. Garcia III Multi-Generational Trust III and 350,000 shares held by the Ernest Irrevocable 2004 Trust III.

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
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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 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)

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

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

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	01/01/2026		F		897(1)	D	$422.02	917,341	D
Class A Common Stock								450,000	I	Ernest C. Garcia III Multi-Generational Trust III(2)
Class A Common Stock								350,000	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	01/05/2026
	** 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.

FAQ

What insider transaction did Carvana (CVNA) report for Ernest C. Garcia III?

The report shows that 897 shares of Carvana Class A common stock were withheld on 01/01/2026 to cover taxes due upon vesting of restricted stock units from various awards.

How many Carvana (CVNA) shares does Ernest C. Garcia III own directly after this transaction?

Following the reported tax withholding, Ernest C. Garcia III directly beneficially owns 917,341 shares of Carvana Class A common stock.

What indirect Carvana (CVNA) holdings does Ernest C. Garcia III report?

He reports indirect ownership of 450,000 shares through the Ernest C. Garcia III Multi-Generational Trust III and 350,000 shares through the Ernest Irrevocable 2004 Trust III.

Why were 897 Carvana (CVNA) shares withheld in this insider filing?

The 897 shares represent stock withheld to satisfy tax obligations triggered by the vesting of restricted stock units granted under various equity awards.

What is Ernest C. Garcia III’s role and relationship to Carvana (CVNA)?

Ernest C. Garcia III is identified as a Director, Chief Executive Officer, and a more than 10% owner of Carvana Co.

Is this Carvana (CVNA) insider transaction part of a group filing?

No. The report indicates it is a Form filed by one reporting person, referring only to Ernest C. Garcia III.