STOCK TITAN

[Form 4] Carvana Co. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
Rhea-AI Filing Summary

FirstCash Holdings, Inc. (FCFS) filed a Form 144 disclosing an insider’s intention to sell up to 6,000 common shares through J.P. Morgan Securities on or after 4 Aug 2025. At the filing’s stated aggregate value of $786,480, the sale represents roughly 0.01 % of the 44.36 million shares outstanding, making it immaterial to the company’s capital structure. The shares originated from four restricted-stock unit (RSU) vesting events completed between 2016 and 2023. No sales by the filer were reported in the previous three months, and the notice certifies the absence of undisclosed material information. Form 144 simply provides advance notice under Rule 144 and does not obligate the transaction. While investors sometimes view insider selling as a sentiment gauge, the small size and routine nature of this filing suggest minimal financial impact on FCFS.

FirstCash Holdings, Inc. (FCFS) ha presentato un Modulo 144 comunicando l'intenzione di un insider di vendere fino a 6.000 azioni ordinarie tramite J.P. Morgan Securities a partire dal 4 agosto 2025. Al valore aggregato indicato nella dichiarazione di 786.480 $, la vendita rappresenta circa lo 0,01% delle 44,36 milioni di azioni in circolazione, risultando quindi irrilevante per la struttura patrimoniale della società. Le azioni provengono da quattro eventi di maturazione di unità azionarie vincolate (RSU) completati tra il 2016 e il 2023. Negli ultimi tre mesi non sono state segnalate vendite da parte del dichiarante e l’avviso certifica l’assenza di informazioni materiali non divulgate. Il Modulo 144 fornisce semplicemente un preavviso ai sensi della Regola 144 e non obbliga all’effettuazione della transazione. Sebbene gli investitori talvolta interpretino la vendita da parte degli insider come un indicatore di sentiment, la modesta entità e la natura routinaria di questa comunicazione suggeriscono un impatto finanziario minimo su FCFS.

FirstCash Holdings, Inc. (FCFS) presentó un Formulario 144 revelando la intención de un insider de vender hasta 6,000 acciones comunes a través de J.P. Morgan Securities a partir del 4 de agosto de 2025. Con un valor agregado declarado de , la venta representa aproximadamente el 0,01 % de las 44,36 millones de acciones en circulación, siendo irrelevante para la estructura de capital de la empresa. Las acciones provienen de cuatro eventos de adquisición de unidades restringidas de acciones (RSU) completados entre 2016 y 2023. No se reportaron ventas por parte del declarante en los últimos tres meses y el aviso certifica la ausencia de información material no divulgada. El Formulario 144 simplemente proporciona un aviso previo bajo la Regla 144 y no obliga a la transacción. Aunque los inversores a veces ven la venta de insiders como un indicador de sentimiento, el tamaño reducido y la naturaleza rutinaria de esta presentación sugieren un impacto financiero mínimo en FCFS.

FirstCash Holdings, Inc. (FCFS)는 내부자가 2025년 8월 4일 이후 J.P. Morgan Securities를 통해 최대 6,000주 보통주를 매도할 의사를 밝힌 Form 144를 제출했습니다. 신고서에 명시된 총 가치는 786,480달러로, 이는 발행 주식 4,436만 주의 약 0.01%에 해당하여 회사의 자본 구조에 미미한 영향을 미칩니다. 해당 주식은 2016년부터 2023년 사이에 완료된 네 차례의 제한 주식 단위(RSU) 취득 이벤트에서 발생했습니다. 제출자는 최근 3개월간 판매 내역이 없으며, 공시는 미공개 중요 정보가 없음을 인증합니다. Form 144는 Rule 144에 따른 사전 통지일 뿐 거래를 강제하지 않습니다. 투자자들이 내부자 매도를 심리 지표로 보기도 하지만, 이번 신고의 소규모 및 일상적 성격은 FCFS에 미치는 재무적 영향이 거의 없음을 시사합니다.

FirstCash Holdings, Inc. (FCFS) a déposé un formulaire 144 révélant l’intention d’un initié de vendre jusqu’à 6 000 actions ordinaires via J.P. Morgan Securities à partir du 4 août 2025. À la valeur agrégée indiquée de 786 480 $, la vente représente environ 0,01 % des 44,36 millions d’actions en circulation, ce qui est négligeable pour la structure du capital de la société. Les actions proviennent de quatre événements d’acquisition de Restricted Stock Units (RSU) réalisés entre 2016 et 2023. Aucune vente par le déclarant n’a été signalée au cours des trois derniers mois, et l’avis certifie l’absence d’informations matérielles non divulguées. Le formulaire 144 fournit simplement un avis préalable conformément à la règle 144 et n’oblige pas à effectuer la transaction. Bien que les investisseurs considèrent parfois la vente d’initiés comme un indicateur de sentiment, la petite taille et le caractère routinier de ce dépôt suggèrent un impact financier minimal sur FCFS.

FirstCash Holdings, Inc. (FCFS) reichte ein Formular 144 ein, das die Absicht eines Insiders offenlegt, bis zu 6.000 Stammaktien über J.P. Morgan Securities am oder nach dem 4. August 2025 zu verkaufen. Zum angegebenen Gesamtwert von 786.480 $ entspricht der Verkauf etwa 0,01 % der 44,36 Millionen ausstehenden Aktien und ist somit für die Kapitalstruktur des Unternehmens unerheblich. Die Aktien stammen aus vier Vesting-Ereignissen von Restricted Stock Units (RSU), die zwischen 2016 und 2023 abgeschlossen wurden. In den letzten drei Monaten wurden keine Verkäufe des Meldenden gemeldet, und die Mitteilung bestätigt, dass keine nicht offengelegten wesentlichen Informationen vorliegen. Formular 144 dient lediglich als Vorankündigung gemäß Regel 144 und verpflichtet nicht zum Abschluss der Transaktion. Während Investoren Insider-Verkäufe manchmal als Stimmungstest sehen, deutet die geringe Größe und routinemäßige Natur dieser Meldung auf minimale finanzielle Auswirkungen für FCFS hin.

Positive
  • None.
Negative
  • Insider intends to sell 6,000 shares valued at $786,480, which may be interpreted as a modest negative signal despite its immaterial size.

Insights

TL;DR: Minor insider sale (6,000 shares, $0.79 M) under Rule 144; negligible dilution, neutral market signal.

The proposed disposition equals ~0.013 % of shares outstanding and follows standard Rule 144 protocol. Originating from RSU vestings, the transaction appears driven by personal liquidity rather than strategic concerns. No recent insider sales, use of a major broker, and the certification of no undisclosed adverse information further reduce risk perception. Given FCFS’s market capitalization (> $5 B), the dollar amount is immaterial. I view the filing as neutral for valuation or sentiment; ongoing monitoring of cumulative insider activity is advisable.

FirstCash Holdings, Inc. (FCFS) ha presentato un Modulo 144 comunicando l'intenzione di un insider di vendere fino a 6.000 azioni ordinarie tramite J.P. Morgan Securities a partire dal 4 agosto 2025. Al valore aggregato indicato nella dichiarazione di 786.480 $, la vendita rappresenta circa lo 0,01% delle 44,36 milioni di azioni in circolazione, risultando quindi irrilevante per la struttura patrimoniale della società. Le azioni provengono da quattro eventi di maturazione di unità azionarie vincolate (RSU) completati tra il 2016 e il 2023. Negli ultimi tre mesi non sono state segnalate vendite da parte del dichiarante e l’avviso certifica l’assenza di informazioni materiali non divulgate. Il Modulo 144 fornisce semplicemente un preavviso ai sensi della Regola 144 e non obbliga all’effettuazione della transazione. Sebbene gli investitori talvolta interpretino la vendita da parte degli insider come un indicatore di sentiment, la modesta entità e la natura routinaria di questa comunicazione suggeriscono un impatto finanziario minimo su FCFS.

FirstCash Holdings, Inc. (FCFS) presentó un Formulario 144 revelando la intención de un insider de vender hasta 6,000 acciones comunes a través de J.P. Morgan Securities a partir del 4 de agosto de 2025. Con un valor agregado declarado de , la venta representa aproximadamente el 0,01 % de las 44,36 millones de acciones en circulación, siendo irrelevante para la estructura de capital de la empresa. Las acciones provienen de cuatro eventos de adquisición de unidades restringidas de acciones (RSU) completados entre 2016 y 2023. No se reportaron ventas por parte del declarante en los últimos tres meses y el aviso certifica la ausencia de información material no divulgada. El Formulario 144 simplemente proporciona un aviso previo bajo la Regla 144 y no obliga a la transacción. Aunque los inversores a veces ven la venta de insiders como un indicador de sentimiento, el tamaño reducido y la naturaleza rutinaria de esta presentación sugieren un impacto financiero mínimo en FCFS.

FirstCash Holdings, Inc. (FCFS)는 내부자가 2025년 8월 4일 이후 J.P. Morgan Securities를 통해 최대 6,000주 보통주를 매도할 의사를 밝힌 Form 144를 제출했습니다. 신고서에 명시된 총 가치는 786,480달러로, 이는 발행 주식 4,436만 주의 약 0.01%에 해당하여 회사의 자본 구조에 미미한 영향을 미칩니다. 해당 주식은 2016년부터 2023년 사이에 완료된 네 차례의 제한 주식 단위(RSU) 취득 이벤트에서 발생했습니다. 제출자는 최근 3개월간 판매 내역이 없으며, 공시는 미공개 중요 정보가 없음을 인증합니다. Form 144는 Rule 144에 따른 사전 통지일 뿐 거래를 강제하지 않습니다. 투자자들이 내부자 매도를 심리 지표로 보기도 하지만, 이번 신고의 소규모 및 일상적 성격은 FCFS에 미치는 재무적 영향이 거의 없음을 시사합니다.

FirstCash Holdings, Inc. (FCFS) a déposé un formulaire 144 révélant l’intention d’un initié de vendre jusqu’à 6 000 actions ordinaires via J.P. Morgan Securities à partir du 4 août 2025. À la valeur agrégée indiquée de 786 480 $, la vente représente environ 0,01 % des 44,36 millions d’actions en circulation, ce qui est négligeable pour la structure du capital de la société. Les actions proviennent de quatre événements d’acquisition de Restricted Stock Units (RSU) réalisés entre 2016 et 2023. Aucune vente par le déclarant n’a été signalée au cours des trois derniers mois, et l’avis certifie l’absence d’informations matérielles non divulguées. Le formulaire 144 fournit simplement un avis préalable conformément à la règle 144 et n’oblige pas à effectuer la transaction. Bien que les investisseurs considèrent parfois la vente d’initiés comme un indicateur de sentiment, la petite taille et le caractère routinier de ce dépôt suggèrent un impact financier minimal sur FCFS.

FirstCash Holdings, Inc. (FCFS) reichte ein Formular 144 ein, das die Absicht eines Insiders offenlegt, bis zu 6.000 Stammaktien über J.P. Morgan Securities am oder nach dem 4. August 2025 zu verkaufen. Zum angegebenen Gesamtwert von 786.480 $ entspricht der Verkauf etwa 0,01 % der 44,36 Millionen ausstehenden Aktien und ist somit für die Kapitalstruktur des Unternehmens unerheblich. Die Aktien stammen aus vier Vesting-Ereignissen von Restricted Stock Units (RSU), die zwischen 2016 und 2023 abgeschlossen wurden. In den letzten drei Monaten wurden keine Verkäufe des Meldenden gemeldet, und die Mitteilung bestätigt, dass keine nicht offengelegten wesentlichen Informationen vorliegen. Formular 144 dient lediglich als Vorankündigung gemäß Regel 144 und verpflichtet nicht zum Abschluss der Transaktion. Während Investoren Insider-Verkäufe manchmal als Stimmungstest sehen, deutet die geringe Größe und routinemäßige Natur dieser Meldung auf minimale finanzielle Auswirkungen für FCFS hin.

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*
HUSTON BENJAMIN E.

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operating Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025
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 07/31/2025 M 40,000(1) A $10.07 166,855 D
Class A Common Stock 07/31/2025 S 13,018(1) D $393.72 153,837 D
Class A Common Stock 07/31/2025 S 500(1) D $399.2(2) 153,337 D
Class A Common Stock 07/31/2025 S 26,482(1) D $400 126,855 D
Class A Common Stock 08/01/2025 S 700(1) D $365.81(3) 126,155 D
Class A Common Stock 08/01/2025 S 1,417(1) D $367.05(4) 124,738 D
Class A Common Stock 08/01/2025 S 1,169(1) D $367.87(5) 123,569 D
Class A Common Stock 08/01/2025 S 1,120(1) D $368.89(6) 122,449 D
Class A Common Stock 08/01/2025 S 1,500(1) D $369.91(7) 120,949 D
Class A Common Stock 08/01/2025 S 700(1) D $370.98(8) 120,249 D
Class A Common Stock 08/01/2025 S 521(1) D $372.39(9) 119,728 D
Class A Common Stock 08/01/2025 S 1,073(1) D $373.29(10) 118,655 D
Class A Common Stock 08/01/2025 S 700(1) D $374.37(11) 117,955 D
Class A Common Stock 08/01/2025 S 500(1) D $375.67(12) 117,455 D
Class A Common Stock 08/01/2025 S 300(1) D $377.57(13) 117,155 D
Class A Common Stock 08/01/2025 S 200(1) D $378.66(14) 116,955 D
Class A Common Stock 08/01/2025 S 100(1) D $380.88 116,855 D
Class A Common Stock 08/01/2025 F 1,220(15) D $367.78 115,635 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
Stock Options (Right to Buy) $10.07 07/31/2025 M(1) 40,000 04/01/2024(16) 02/22/2033 Class A Common Stock 40,000 $0 438,513 D
Explanation of Responses:
1. The reported option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024 (the "10b5-1 Plan").
2. This transaction was executed in multiple trades at prices ranging from $398.88 to $399.44, inclusive. 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.
3. This transaction was executed in multiple trades at prices ranging from $365.40 to $366.26, inclusive. 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 $366.44 to $367.35, inclusive. 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.
5. This transaction was executed in multiple trades at prices ranging from $367.44 to $368.24, inclusive. 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.
6. This transaction was executed in multiple trades at prices ranging from $368.44 to $369.34, inclusive. 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.
7. This transaction was executed in multiple trades at prices ranging from $369.58 to $370.26, inclusive. 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.
8. This transaction was executed in multiple trades at prices ranging from $370.66 to $371.59, inclusive. 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.
9. This transaction was executed in multiple trades at prices ranging from $371.68 to $372.65, inclusive. 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.
10. This transaction was executed in multiple trades at prices ranging from $372.94 to $373.84, inclusive. 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.
11. This transaction was executed in multiple trades at prices ranging from $374.10 to $374.79, inclusive. 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.
12. This transaction was executed in multiple trades at prices ranging from $375.33 to $376.24, inclusive. 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.
13. This transaction was executed in multiple trades at prices ranging from $377.08 to $377.97, inclusive. 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.
14. This transaction was executed in multiple trades at prices ranging from $378.51 to $378.80, inclusive. 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.
15. 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.
16. The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2024 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
Remarks:
/s/ Paul Breaux, by Power of Attorney for Benjamin E. Huston 08/04/2025
** 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

How many FirstCash (FCFS) shares are being proposed for sale?

The Form 144 covers 6,000 common shares.

What is the total market value of the shares to be sold?

The filing lists an aggregate market value of $786,480.

When could the insider begin selling the shares?

The approximate sale date stated is August 4, 2025.

What percentage of FCFS shares outstanding does 6,000 shares represent?

About 0.01 % of the 44,364,566 shares currently outstanding.

How were the shares originally acquired?

All shares stem from RSU vestings occurring between 2016 and 2023.

Does filing Form 144 require the insider to complete the sale?

No. Form 144 is a notice of intent; the insider may choose not to sell.
Carvana

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