Carvana director trades 2,900 shares after option exercise

Carvana director J. Danforth Quayle exercised stock options for 2,900 shares of Class A common stock at $15.00 per share and, on the same date, sold 2,900 shares of Class A common stock at $309.97 per share in an open-market transaction.

Rhea-AI Filing Summary

Carvana director J. Danforth Quayle exercised stock options for 2,900 shares of Class A common stock at $15.00 per share and, on the same date, sold 2,900 shares of Class A common stock at $309.97 per share in an open-market transaction.

After these transactions, he directly owned 41,913 shares of Class A common stock and held an additional 12,500 shares indirectly through the James D. Quayle 2000 Irrevocable Trust. The options exercised were non-qualified stock options that vested in three equal annual installments beginning on April 27, 2018.

Insider Trade Summary

Exercise and Sale: 2,900 shares ($855K approx. pre-tax spread)

Exercise and Sale 4 txns

Insider QUAYLE J DANFORTH

Role Director

Sold 2,900 shs ($899K)

Approx. gross sale proceeds $899K

Approx. exercise cost $44K

Approx. pre-tax spread $855K

Type	Security	Shares	Price	Value
Exercise	Stock Options (Right to Buy)	2,900	$0.00	$0.00
Exercise	Class A Common Stock	2,900	$15.00	$44K
Sale	Class A Common Stock	2,900	$309.97	$899K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Stock Options (Right to Buy) — 8,714 contracts (Direct); Class A Common Stock — 41,913 shares (Direct); Class A Common Stock — 12,500 shares (Indirect, James D. Quayle 2000 Irrevocable Trust)

Footnotes (1)

1. F1. The non-qualified stock options representing the right to purchase for the exercise price Class A common stock of the Issuer vested in three equal annual installments beginning on April 27, 2018.

FAQ

What insider transactions did Carvana (CVNA) director J. Danforth Quayle report?

Director J. Danforth Quayle exercised stock options for 2,900 Class A shares at $15.00 and sold 2,900 Class A shares at $309.97. These transactions occurred on the same date and were reported as an option exercise followed by an open-market sale.

How many Carvana (CVNA) shares did J. Danforth Quayle sell and at what price?

He sold 2,900 shares of Carvana Class A common stock at $309.97 per share in an open-market transaction. This sale followed the exercise of stock options for the same number of shares at an exercise price of $15.00 per share.

What are J. Danforth Quayle’s Carvana (CVNA) shareholdings after these transactions?

After the reported transactions, J. Danforth Quayle directly owned 41,913 shares of Carvana Class A common stock. He also had indirect ownership of 12,500 additional Class A shares held through the James D. Quayle 2000 Irrevocable Trust associated with him.

What stock options did J. Danforth Quayle exercise in Carvana (CVNA)?

He exercised non-qualified stock options representing the right to purchase 2,900 shares of Carvana Class A common stock at an exercise price of $15.00 per share. The options vested in three equal annual installments beginning on April 27, 2018, before exercise.

What indirect Carvana (CVNA) holdings are reported for J. Danforth Quayle?

The filing shows indirect ownership of 12,500 shares of Carvana Class A common stock held through the James D. Quayle 2000 Irrevocable Trust. This indirect position is separate from his directly held 41,913 shares following the reported transactions on the same date.

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Accepted by SEC EDGAR 03/09/2026 - 05:12 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^*

QUAYLE J DANFORTH

(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		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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	03/09/2026		M(1)		2,900	A	$15	44,813	D
Class A Common Stock	03/09/2026		S		2,900	D	$309.97	41,913	D
Class A Common Stock								12,500	I	James D. Quayle 2000 Irrevocable Trust

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
Stock Options (Right to Buy)	$15	03/09/2026		M			2,900	04/27/2018(1)	04/27/2027	Class A Common Stock	2,900	$0	8,714	D

Explanation of Responses:

1. The non-qualified stock options representing the right to purchase for the exercise price Class A common stock of the Issuer vested in three equal annual installments beginning on April 27, 2018.

Remarks:

	/s/ Paul Breaux, by Power of Attorney for J. Danforth Quayle	03/09/2026
	** 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.
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