Carvana accounting VP Palmer sells 5,000 shares

The 2,300-share sale was executed in multiple trades priced from $70.67 to $71.63.

Available on EDGAR 11/03/2026 - 05:35 PM EST Accepted by SEC EDGAR 11/03/2026 - 05:35 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Carvana Co. Vice President of Accounting Stephen R. Palmer sold 5,000 Class A common shares on November 2, 2026, across four reported transactions at $69.54, $71.23, $72.00 and $72.98 per share; the latter three prices are volume-weighted averages. The sales were made under a Rule 10b5-1 trading plan adopted May 28, 2025. On November 1, 3,025 shares were withheld for taxes upon vesting of restricted stock units.

Insider Trade Summary 10b5-1

Net Seller: 5,000 shares

Net Sell 5 txns

Insider Palmer Stephen R

Role Vice President of Accounting

Sold 5,000 shs ($359K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F2	100	$69.54	$7K
Sale	Class A Common Stock F2, F3, F4	2,300	$71.23	$164K
Sale	Class A Common Stock F2, F3, F5	2,000	$72.00	$144K
Sale	Class A Common Stock F2, F3, F6	600	$72.98	$44K
Tax Withholding	Class A Common Stock F1	3,025	$68.29	$207K

Holdings After Transaction: Class A Common Stock — 112,840 shares (Direct)

Footnotes (6)

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. 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").
3. F3. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
4. F4. This transaction was executed in multiple trades at prices ranging from $70.67 to $71.63 inclusive.
5. F5. This transaction was executed in multiple trades at prices ranging from $71.68 to $72.57 inclusive.
6. F6. This transaction was executed in multiple trades at prices ranging from $72.74 to $73.15 inclusive.

Key Figures

Class A common shares sold: 5,000 shares Sale price: $69.54 per share Volume-weighted average sale price: $71.23 per share +3 more

6 metrics

Class A common shares sold 5,000 shares November 2, 2026

Sale price $69.54 per share 100-share sale on November 2, 2026

Volume-weighted average sale price $71.23 per share 2,300-share sale on November 2, 2026

Volume-weighted average sale price $72.00 per share 2,000-share sale on November 2, 2026

Volume-weighted average sale price $72.98 per share 600-share sale on November 2, 2026

Shares withheld for taxes 3,025 shares Upon vesting of restricted stock units on November 1, 2026

Key Terms

Rule 10b5-1 trading plan, volume weighted average sale price, restricted stock units

3 terms

Rule 10b5-1 trading plan regulatory

"pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

volume weighted average sale price financial

"reflects the volume weighted average sale price"

restricted stock units financial

"vesting of restricted stock units"

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.

FAQ

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

What were the trading ranges for Stephen R. Palmer's CVNA stock sales?

The 2,300-share sale at a $71.23 volume-weighted average was executed in multiple trades from $70.67 to $71.63; the 2,000-share sale at $72.00 ranged from $71.68 to $72.57; and the 600-share sale at $72.98 ranged from $72.74 to $73.15.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice President of Accounting

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/01/2026

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	11/01/2026		F		3,025(1)	D	$68.29	117,840	D
Class A Common Stock	11/02/2026		S		100(2)	D	$69.54	117,740	D
Class A Common Stock	11/02/2026		S		2,300(2)	D	$71.23(3)(4)	115,440	D
Class A Common Stock	11/02/2026		S		2,000(2)	D	$72(3)(5)	113,440	D
Class A Common Stock	11/02/2026		S		600(2)	D	$72.98(3)(6)	112,840	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").

3. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

4. This transaction was executed in multiple trades at prices ranging from $70.67 to $71.63 inclusive.

5. This transaction was executed in multiple trades at prices ranging from $71.68 to $72.57 inclusive.

6. This transaction was executed in multiple trades at prices ranging from $72.74 to $73.15 inclusive.

Remarks:

	/s/ Paul Breaux, by Power of Attorney for Stephen R. Palmer	11/03/2026
	** 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)