Carvana (CVNA) VP of Accounting discloses stock sale and RSU tax withholding

Rhea-AI Filing Summary

Carvana Co. insider trading report: Vice President of Accounting Stephen R. Palmer reported two transactions in Class A Common Stock of Carvana Co. In one transaction dated 01/01/2026, 480 shares were withheld at a price of $422.02 per share to cover taxes upon vesting of restricted stock units from various awards. In a separate transaction dated 01/02/2026, Palmer sold 1,000 shares at a price of $419.48 per share.

After these transactions, Palmer directly beneficially owned 38,744 shares of Carvana Class A Common Stock. The share sales on 01/02/2026 were carried out under a Rule 10b5-1 trading plan that Palmer adopted on May 28, 2025, which is a pre-arranged plan for trading company stock.

Insider Trade Summary

Net Seller: 1,000 shares ($419,480)

Net Sell 2 txns

Insider Palmer Stephen R

Role Vice President of Accounting

Sold 1,000 shs ($419K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	1,000	$419.48	$419K
Tax Withholding	Class A Common Stock	480	$422.02	$203K

Holdings After Transaction: Class A Common Stock — 38,744 shares (Direct)

Footnotes (1)

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. 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").

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^*

Palmer Stephen R

(Last) (First) (Middle)

C/O CARVANA CO.

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)
	Vice President of Accounting

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		480(1)	D	$422.02	39,744	D
Class A Common Stock	01/02/2026		S		1,000(2)	D	$419.48	38,744	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").

Remarks:

	/s/ Paul Breaux, by Power of Attorney for Stephen R. Palmer	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 transactions did Carvana (CVNA) report for Stephen R. Palmer?

Stephen R. Palmer, Vice President of Accounting at Carvana Co., reported tax withholding of 480 shares of Class A Common Stock on 01/01/2026 and a sale of 1,000 shares on 01/02/2026.

How many Carvana (CVNA) shares did Stephen R. Palmer sell and at what price?

On 01/02/2026, Stephen R. Palmer sold 1,000 shares of Carvana Class A Common Stock at a price of $419.48 per share.

Why were 480 Carvana (CVNA) shares withheld from Stephen R. Palmer?

The 480 shares of Carvana Class A Common Stock were withheld on 01/01/2026 to cover taxes upon the vesting of restricted stock units from various awards.

How many Carvana (CVNA) shares does Stephen R. Palmer own after these transactions?

Following the reported transactions, Stephen R. Palmer directly beneficially owned 38,744 shares of Carvana Class A Common Stock.

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

Yes. The 1,000-share sale on 01/02/2026 was executed under a Rule 10b5-1 trading plan adopted by Stephen R. Palmer on May 28, 2025.

What is Stephen R. Palmer’s role at Carvana (CVNA)?

Stephen R. Palmer is an officer of Carvana Co., serving as Vice President of Accounting, according to the report.