Carvana Insider: 675 Shares Withheld for Taxes; 118,134 Remain

Rhea-AI Filing Summary

Thomas Taira, identified as President, Special Projects at Carvana Co. (CVNA), reported a change in beneficial ownership. On 10/01/2025 the filing shows 675 shares of Class A Common Stock were disposed of at a price of $395.41 per share, leaving 118,134 shares beneficially owned following the transaction. The form's explanatory note states these 675 shares represent shares withheld for taxes upon the vesting of restricted stock units.

Positive

• Disposition was for tax withholding on vested RSUs, not an open-market sale
• Form 4 discloses post-transaction holdings of 118,134 shares

Negative

• 675 shares were disposed at $395.41, reducing insider's direct holdings
• Transaction recorded under code F, indicating a disposition on 10/01/2025

Insights

Corporate Governance Analyst

Insider reported a tax-withholding disposition of 675 shares; remaining stake 118,134.

The Form 4 records a disposition labeled with transaction code F on 10/01/2025 at $395.41. The filer explains the action as tax withholding upon RSU vesting rather than an open-market sale.

This matters because tax-withholdings are routine and typically non‑informative about insider views on company prospects; the remaining ownership size is unchanged except for the withholding.

SEC Reporting Specialist

Form 4 correctly discloses disposition and post-transaction holdings.

The filing shows 118,134 shares owned after the transaction and is signed via power of attorney on 10/02/2025. The explanatory remark clarifies the nature of the disposition as tax withholding for vested RSUs.

This is a routine Section 16 filing documenting beneficial ownership change; no additional derivative or joint filings are reported.

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).

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)
10/01/2025

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	10/01/2025		F		675(1)	D	$395.41	118,134	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:

	/s/ Paul Breaux, by Power of Attorney for Thomas Taira	10/02/2025
	** 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 did Thomas Taira report on the Form 4 for CVNA?

The Form 4 reports a disposition of 675 Class A shares on 10/01/2025 at $395.41, leaving 118,134 shares beneficially owned.

Why were 675 shares disposed according to the filing?

The filing states the 675 shares were withheld for taxes upon vesting of restricted stock units.

Does the Form 4 show any derivative transactions by Thomas Taira?

No. Table II for derivative securities contains no reported transactions in this filing.

When was the Form 4 signed and by whom?

The signature block shows the form was signed by Paul Breaux, by Power of Attorney for Thomas Taira on 10/02/2025.

What is Thomas Taira's role at Carvana as shown on the filing?

The filing lists his relationship to the issuer as Officer with the title President, Special Projects.