What is Gregory B. Sullivan’s Carvana share ownership after this grant?

Following the restricted stock unit grant, Gregory B. Sullivan directly holds 40,210 shares of Carvana Class A Common Stock. This figure reflects his direct ownership position after the award documented in the Form 4 filing.

Carvana director granted 782 restricted stock units

SULLIVAN GREGORY B reported acquisition or exercise transactions in this Form 4 filing.

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

SULLIVAN GREGORY B reported acquisition or exercise transactions in this Form 4 filing.

Carvana director Gregory B. Sullivan received a grant of 782 restricted stock units representing shares of Class A Common Stock. The units vest 100% on May 1, 2027, if he continues serving with the company through that date. After this award, he directly holds 40,210 shares.

Insider Trade Summary

Grant/Award: 782 shares

Grant/Award 1 txn

Insider SULLIVAN GREGORY B

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	782	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 40,210 shares (Direct)

Footnotes (1)

F1. Represents shares of Class A Common Stock of the Issuer underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 100% on May 1, 2027, subject to the Reporting Person's continued service with the Issuer as of such date.

Key Figures

Restricted stock units granted: 782 units Vesting date: May 1, 2027 Shares held after grant: 40,210 shares

3 metrics

Restricted stock units granted 782 units Award of Class A Common Stock RSUs to director on April 14, 2026

Vesting date May 1, 2027 RSUs vest 100% if service with Carvana continues through this date

Shares held after grant 40,210 shares Director’s direct holdings of Carvana Class A Common Stock after the award

Key Terms

restricted stock units, Class A Common Stock, vest

3 terms

restricted stock units financial

"Represents shares of Class A Common Stock of the Issuer 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.

Class A Common Stock financial

"Represents shares of Class A Common Stock of the Issuer underlying restricted stock units acquired by the Reporting Person."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

vest financial

"The restricted stock units vest 100% on May 1, 2027, subject to the Reporting Person's continued service."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

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

What insider transaction did Carvana (CVNA) report for Gregory B. Sullivan?

Carvana reported that director Gregory B. Sullivan received 782 restricted stock units of Class A Common Stock. These units were granted at no cash cost and represent additional equity-based compensation linked to his continued service with the company.

How many Carvana shares did Gregory B. Sullivan acquire in this Form 4 filing?

Gregory B. Sullivan acquired 782 shares in the form of restricted stock units. These units convert into Class A Common Stock when they vest, adding to his existing equity position with Carvana, subject to satisfying the service-based vesting condition.

What is the vesting schedule for Gregory B. Sullivan’s new Carvana restricted stock units?

The restricted stock units granted to Gregory B. Sullivan vest 100% on May 1, 2027. Vesting requires that he continue his service with Carvana through that date, aligning the equity award with a multi-year commitment to the company.

Are Gregory B. Sullivan’s new Carvana shares an open-market purchase?

No, the 782 shares are underlying restricted stock units granted at a price of $0.00 per share. This indicates a compensation-related equity award rather than an open-market stock purchase executed at a prevailing market price.

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

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Accepted by SEC EDGAR 04/16/2026 - 07:00 PM EDT

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^*

SULLIVAN GREGORY B

(Last)

(First)

(Middle)

C/O CARVANA CO.

300 E. RIO SALADO PKWY.

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	04/14/2026		A		782⁽¹⁾	A	$0⁽¹⁾	40,210	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares of Class A Common Stock of the Issuer underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 100% on May 1, 2027, subject to the Reporting Person's continued service with the Issuer as of such date.

Remarks:

	/s/ Paul Breaux, by Power of Attorney for Gregory B. Sullivan	04/16/2026
	** 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)

Source: View Original Filing on SEC EDGAR