Carvana CEO receives 134,707-share stock award

Carvana Co. Chief Executive Officer Ernest C. Garcia III reported an equity compensation award and related tax withholding in Class A Common Stock.

Rhea-AI Filing Summary

Carvana Co. Chief Executive Officer Ernest C. Garcia III reported an equity compensation award and related tax withholding in Class A Common Stock. He acquired 134,707 shares on August 3, 2026 through restricted stock units that vest 25% on April 1, 2027 and monthly over the following three years, conditioned on continued service. On August 1, 2026, 7,069 shares were withheld at $62.36 per share to satisfy tax obligations upon vesting of prior restricted stock units. Garcia is also reported as indirect owner of 2,250,000 shares through the Ernest C. Garcia III Multi-Generational Trust III and 1,750,000 shares through the Ernest Irrevocable 2004 Trust III, where he serves as Investment Trustee and Co-Administrative Trustee.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider GARCIA ERNEST C. III

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock F2	134,707	$0.00	$0.00
Tax Withholding	Class A Common Stock F1	7,069	$62.36	$441K
holding	Class A Common Stock F3	--	--	--
holding	Class A Common Stock F4	--	--	--

Holdings After Transaction: Class A Common Stock — 4,723,869 shares (Direct); Class A Common Stock — 2,250,000 shares (Indirect, Ernest C. Garcia III Multi-Generational Trust III); Class A Common Stock — 1,750,000 shares (Indirect, Ernest Irrevocable 2004 Trust III)

Footnotes (4)

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. Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2027 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
3. F3. 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.
4. F4. 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.

Key Figures

Stock award shares: 134,707 shares Tax withholding shares: 7,069 shares Tax withholding price: $62.36 per share +4 more

7 metrics

Stock award shares 134,707 shares Class A Common Stock underlying RSUs granted on August 3, 2026

Tax withholding shares 7,069 shares Shares withheld for taxes upon RSU vesting on August 1, 2026

Tax withholding price $62.36 per share Price used for 7,069 withheld shares on August 1, 2026

Multi-Generational Trust holdings 2,250,000 shares Indirect Class A Common Stock held by Ernest C. Garcia III Multi-Generational Trust III

Irrevocable Trust holdings 1,750,000 shares Indirect Class A Common Stock held by Ernest Irrevocable 2004 Trust III

Initial vesting tranche 25% Portion of RSU award vesting on April 1, 2027

Remaining vesting period 3 years RSU award vests monthly after April 1, 2027 for three years

Key Terms

restricted stock units, withheld for taxes, Multi-Generational Trust, Irrevocable Trust, +1 more

5 terms

restricted stock units financial

"underlying restricted stock units acquired by the Reporting Person"

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

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

Multi-Generational Trust financial

"held directly by the Ernest C. Garcia III Multi-Generational Trust III"

Irrevocable Trust financial

"held directly by the Ernest Irrevocable 2004 Trust III"

An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.

Co-Administrative Trustee financial

"The Reporting Person is the Investment Trustee and Co-Administrative Trustee"

FAQ

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

What insider transactions did Carvana (CVNA) CEO Ernest C. Garcia III report?

Ernest C. Garcia III reported an equity award and related tax withholding in Carvana Class A shares. He received 134,707 shares via restricted stock units and had 7,069 shares withheld to cover taxes upon vesting of earlier awards, with no open-market purchases or sales disclosed.

How many Carvana (CVNA) shares were granted to Ernest C. Garcia III in the latest award?

He received a grant tied to 134,707 shares of Carvana Class A Common Stock through restricted stock units. These units vest 25% on April 1, 2027 and then monthly for three years, contingent on his continued service as Carvana Co.’s Chief Executive Officer.

What were the tax withholding details in Ernest C. Garcia III’s Carvana (CVNA) filing?

The filing shows 7,069 shares of Class A Common Stock withheld at $62.36 per share for taxes. This withholding occurred on August 1, 2026 upon vesting of restricted stock units from various prior awards, rather than through an open-market sale transaction.

What vesting schedule applies to Ernest C. Garcia III’s new Carvana (CVNA) RSU award?

The restricted stock units vest 25% on April 1, 2027, with the remainder vesting monthly for three years. All vesting is conditioned on Garcia’s continued service with Carvana Co., meaning shares are earned gradually rather than all at once.

What indirect Carvana (CVNA) shareholdings are reported for Ernest C. Garcia III?

He is reported as indirect owner of 2,250,000 shares via the Ernest C. Garcia III Multi-Generational Trust III and 1,750,000 shares via the Ernest Irrevocable 2004 Trust III. He serves as Investment Trustee and Co-Administrative Trustee for both trusts.

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

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Available on EDGAR 08/04/2026 - 05:04 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).

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 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)

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

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		7,069(1)	D	$62.36	4,589,162	D
Class A Common Stock	08/03/2026		A		134,707(2)	A	$0	4,723,869	D
Class A Common Stock								2,250,000	I	Ernest C. Garcia III Multi-Generational Trust III(3)
Class A Common Stock								1,750,000	I	Ernest Irrevocable 2004 Trust III(4)

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. Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2027 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

3. 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.

4. 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	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)