Carvana (CVNA) director Platt moves 1,999 Class A shares to family foundation

Rhea-AI Filing Summary

Carvana Co. director Ira J. Platt reported changes in his indirect ownership of Class A common stock. On 12/10/2025, 1,999 shares of Class A common stock previously held indirectly through the Ira J. Platt Revocable Trust were transferred at a stated price of $0 per share, reducing that trust’s reported holdings to 20,000 shares held indirectly. The same number of shares, 1,999, is shown as held indirectly by the Platt Family Foundation, a charitable organization to which the shares were gifted.

The filing also lists additional indirect holdings of Carvana Class A common stock through several family trusts and a parent account, reflecting how Platt’s beneficial ownership is spread across these entities while certain interests are disclaimed except for any pecuniary interest.

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

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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^*

PLATT IRA J.

(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)
12/10/2025

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	12/10/2025		G		1,999	D	$0	20,000	I	By Trust(1)
Class A Common Stock	12/10/2025		J		1,999	A	$0	1,999	I	Platt Family Foundation(2)
Class A Common Stock								26,105	D
Class A Common Stock								7,827	I	By Trust(3)
Class A Common Stock								7,231	I	By Trust(4)
Class A Common Stock								850	I	By Parent

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 shares of Class A common stock held directly by the Ira J. Platt Revocable Trust (the "Revocable Trust"). The Reporting Person is co-trustee of the Revocable Trust, and the Reporting Person's spouse is the primary beneficiary of the Revocable Trust.

2. Shares gifted by the Reporting Person to the Platt Family Foundation (the "Foundation"), a charitable organization. The Reporting Person has voting and investment power over all securities owned by the Foundation. The Reporting Person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein.

3. These Class A Shares are held directly by the Platt Family 2024 Irrevocable Trust (the "Irrevocable Trust"). The Reporting Person's spouse is co-trustee of the Trust.

4. Represents shares of Class A common stock held directly by the Georgiana Platt and Successors Remainder Trust (the "Settlers Trust"). The Reporting Person's spouse is co-trustee and primary beneficiary of the Settlers Trust.

Remarks:

	/s/ Paul Breaux, by Power of Attorney for Ira J. Platt	12/12/2025
	** 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 insider transaction did Carvana (CVNA) report in this Form 4?

The filing reports that director Ira J. Platt changed his indirect holdings of Carvana Class A common stock on 12/10/2025, including a movement of 1,999 shares from the Ira J. Platt Revocable Trust to the Platt Family Foundation.

How many Carvana (CVNA) shares were transferred in the reported transaction?

The Form 4 shows 1,999 shares of Class A common stock moved from an indirect holding by the Ira J. Platt Revocable Trust to an indirect holding by the Platt Family Foundation.

What price was reported for the Carvana (CVNA) share transfer?

The transaction involving 1,999 shares of Carvana Class A common stock is reported at a price of $0 per share.

Who controls the Platt Family Foundation’s Carvana (CVNA) shares?

The filing states that the Platt Family Foundation is a charitable organization and that the reporting person has voting and investment power over all securities owned by the Foundation, while disclaiming beneficial ownership except for any pecuniary interest.

What indirect Carvana (CVNA) holdings does the Form 4 disclose for Ira J. Platt?

The Form 4 lists indirect holdings of Carvana Class A common stock through the Ira J. Platt Revocable Trust, the Platt Family Foundation, the Platt Family 2024 Irrevocable Trust, the Georgiana Platt and Successors Remainder Trust, and a Parent account.

What role does Ira J. Platt have at Carvana (CVNA) according to this filing?

The filing identifies the reporting person as a Director of Carvana Co.