[Form 4] Carvana Co. Insider Trading Activity
Ernest C. Garcia III, the Chief Executive Officer, Director and reported 10% owner of Carvana Co. (CVNA), reported a series of sales of Class A Common Stock on 08/11/2025. The Form 4 shows a total disposition of 923,155 shares executed under a Rule 10b5-1 trading plan adopted December 13, 2024. Reported volume-weighted average sale prices for grouped trades range roughly from $340.46 to $348.50, with detailed price ranges provided for each trade group.
The shares sold were held indirectly through two trusts: the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III, for which the reporting person is Investment Trustee and Co-Administrative Trustee. The Form is signed by Paul Breaux by power of attorney on 08/13/2025. The filer offers to provide per-trade details to the SEC staff, the issuer, or security holders upon request.
Ernest C. Garcia III, Amministratore Delegato, Direttore e azionista segnalato al 10% di Carvana Co. (CVNA), ha comunicato una serie di vendite di Azioni Ordinarie di Classe A il 08/11/2025. Il Form 4 indica una cessione totale di 923,155 azioni eseguite nell'ambito di un piano di trading ai sensi della Rule 10b5-1 adottato il 13 dicembre 2024. I prezzi medi ponderati per volume riportati per i gruppi di operazioni variano approssimativamente da $340.46 a $348.50, con intervalli di prezzo dettagliati per ciascun gruppo.
Le azioni vendute erano detenute indirettamente attraverso due trust: l'Ernest Irrevocable 2004 Trust III e l'Ernest C. Garcia III Multi-Generational Trust III, per i quali la persona che effettua la segnalazione ricopre i ruoli di Investment Trustee e Co-Administrative Trustee. Il modulo è firmato da Paul Breaux per procura il 08/13/2025. Il dichiarante si rende disponibile a fornire i dettagli delle singole operazioni allo staff della SEC, all'emittente o ai detentori di titoli su richiesta.
Ernest C. Garcia III, Director Ejecutivo, miembro del Consejo y propietario informado del 10% de Carvana Co. (CVNA), informó una serie de ventas de Acciones Ordinarias de Clase A el 08/11/2025. El Form 4 muestra una disposición total de 923,155 acciones ejecutadas bajo un plan de negociación Rule 10b5-1 adoptado el 13 de diciembre de 2024. Los precios medios ponderados por volumen informados para los grupos de operaciones oscilan aproximadamente entre $340.46 y $348.50, con rangos de precios detallados para cada grupo de operaciones.
Las acciones vendidas se mantenían de forma indirecta a través de dos fideicomisos: el Ernest Irrevocable 2004 Trust III y el Ernest C. Garcia III Multi-Generational Trust III, para los cuales la persona que reporta actúa como Investment Trustee y Co-Administrative Trustee. El formulario está firmado por Paul Breaux mediante poder notarial el 08/13/2025. El declarante ofrece proporcionar, a petición, detalles por operación al personal de la SEC, al emisor o a los tenedores de valores.
Ernest C. Garcia III는 Carvana Co. (CVNA)의 최고경영자(CEO), 이사 및 알려진 10% 주주로서 08/11/2025에 클래스 A 보통주에 대한 일련의 매도 보고를 했습니다. Form 4에는 2024년 12월 13일 채택된 Rule 10b5-1 거래계획에 따라 실행된 총 923,155주의 처분이 기재되어 있습니다. 그룹별 거래에 대해 보고된 거래량 가중 평균 매도가는 대략 $340.46~$348.50 범위이며, 각 거래 그룹별로 상세한 가격대가 제공됩니다.
매도된 주식은 Ernest Irrevocable 2004 Trust III 및 Ernest C. Garcia III Multi-Generational Trust III라는 두 트러스트를 통해 간접 보유되어 있었으며, 보고자는 해당 트러스트들의 Investment Trustee 및 Co-Administrative Trustee로 되어 있습니다. 해당 서식은 08/13/2025에 Paul Breaux가 위임장으로 서명했습니다. 제출자는 요청 시 SEC 직원, 발행사 또는 증권 보유자에게 거래별 세부사항을 제공하겠다고 밝혔습니다.
Ernest C. Garcia III, directeur général, administrateur et actionnaire déclaré à 10 % de Carvana Co. (CVNA), a déclaré une série de ventes d'actions ordinaires de classe A le 08/11/2025. Le Form 4 indique une cession totale de 923,155 actions exécutée dans le cadre d'un plan de trading Rule 10b5-1 adopté le 13 décembre 2024. Les prix de vente moyens pondérés par le volume rapportés pour les groupes de transactions se situent approximativement entre $340.46 et $348.50, des fourchettes de prix détaillées étant fournies pour chaque groupe.
Les actions vendues étaient détenues indirectement via deux trusts : l'Ernest Irrevocable 2004 Trust III et l'Ernest C. Garcia III Multi-Generational Trust III, pour lesquels la personne déclarante agit en qualité d'Investment Trustee et de Co-Administrative Trustee. Le formulaire est signé par Paul Breaux par procuration le 08/13/2025. Le déclarant propose de fournir, sur demande, les détails par transaction au personnel de la SEC, à l'émetteur ou aux porteurs de titres.
Ernest C. Garcia III, Chief Executive Officer, Direktor und als 10%-Eigentümer gemeldeter Anteilseigner von Carvana Co. (CVNA), meldete am 08/11/2025 eine Reihe von Verkäufen von Class A Common Stock. Im Form 4 ist eine Gesamtveräußerung von 923,155 Aktien aufgeführt, ausgeführt im Rahmen eines Rule 10b5-1-Handelsplans, der am 13. Dezember 2024 angenommen wurde. Die angegebenen volumen‑gewichteten Durchschnittsverkaufspreise für die gruppierten Transaktionen liegen ungefähr zwischen $340.46 und $348.50, wobei für jede Handelsgruppe detaillierte Preisspannen angegeben sind.
Die verkauften Aktien wurden indirekt über zwei Trusts gehalten: den Ernest Irrevocable 2004 Trust III und den Ernest C. Garcia III Multi-Generational Trust III, für die die meldende Person als Investment Trustee und Co-Administrative Trustee fungiert. Das Formular ist am 08/13/2025 von Paul Breaux per Vollmacht unterzeichnet. Der Einreichende bietet an, auf Anfrage Einzelheiten zu den einzelnen Trades dem SEC‑Personal, dem Emittenten oder den Wertpapierinhabern zur Verfügung zu stellen.
- Sales executed under a Rule 10b5-1 trading plan adopted December 13, 2024, which is explicitly disclosed
- Volume-weighted average prices (VWAPs) and execution ranges are provided with an offer to supply per-trade details, enhancing transparency
- Large total disposition of 923,155 Class A shares by the CEO and a reported 10% owner, as disclosed on the Form 4
- Post-transaction indirect holdings for the two named trusts are reduced to the reported ranges (examples shown between 556,440 and 660,682 shares), as listed in the filing
Insights
TL;DR: CEO and 10% owner sold 923,155 CVNA shares under a pre-established 10b5-1 plan; transactions spanned ~$340–$349 VWAPs.
The filing documents a material block of insider dispositions executed pursuant to a Rule 10b5-1 plan adopted December 13, 2024. The Form discloses grouped volume-weighted average prices for multiple execution tranches and offers per-trade transparency upon request. From a market-data perspective, the specificity of VWAPs and explicit trustee relationships improves disclosure quality, though the filing does not state the aggregate proceeds or percentage of outstanding shares. Impact is primarily informational, not predictive.
TL;DR: Insider sales were pre-planned and reported; governance disclosure identifies trust holdings and trustee roles.
The Form 4 clearly identifies the reporting persons roles (CEO, Director, 10% owner) and that the sold shares were held indirectly in two named trusts for which he is Investment Trustee and Co-Administrative Trustee. The sales were executed under a documented 10b5-1 plan, which typically mitigates concerns about opportunistic timing. The filer also commits to furnish detailed per-trade breakdowns on request, reinforcing compliance and transparency. No other governance changes are reported.
Ernest C. Garcia III, Amministratore Delegato, Direttore e azionista segnalato al 10% di Carvana Co. (CVNA), ha comunicato una serie di vendite di Azioni Ordinarie di Classe A il 08/11/2025. Il Form 4 indica una cessione totale di 923,155 azioni eseguite nell'ambito di un piano di trading ai sensi della Rule 10b5-1 adottato il 13 dicembre 2024. I prezzi medi ponderati per volume riportati per i gruppi di operazioni variano approssimativamente da $340.46 a $348.50, con intervalli di prezzo dettagliati per ciascun gruppo.
Le azioni vendute erano detenute indirettamente attraverso due trust: l'Ernest Irrevocable 2004 Trust III e l'Ernest C. Garcia III Multi-Generational Trust III, per i quali la persona che effettua la segnalazione ricopre i ruoli di Investment Trustee e Co-Administrative Trustee. Il modulo è firmato da Paul Breaux per procura il 08/13/2025. Il dichiarante si rende disponibile a fornire i dettagli delle singole operazioni allo staff della SEC, all'emittente o ai detentori di titoli su richiesta.
Ernest C. Garcia III, Director Ejecutivo, miembro del Consejo y propietario informado del 10% de Carvana Co. (CVNA), informó una serie de ventas de Acciones Ordinarias de Clase A el 08/11/2025. El Form 4 muestra una disposición total de 923,155 acciones ejecutadas bajo un plan de negociación Rule 10b5-1 adoptado el 13 de diciembre de 2024. Los precios medios ponderados por volumen informados para los grupos de operaciones oscilan aproximadamente entre $340.46 y $348.50, con rangos de precios detallados para cada grupo de operaciones.
Las acciones vendidas se mantenían de forma indirecta a través de dos fideicomisos: el Ernest Irrevocable 2004 Trust III y el Ernest C. Garcia III Multi-Generational Trust III, para los cuales la persona que reporta actúa como Investment Trustee y Co-Administrative Trustee. El formulario está firmado por Paul Breaux mediante poder notarial el 08/13/2025. El declarante ofrece proporcionar, a petición, detalles por operación al personal de la SEC, al emisor o a los tenedores de valores.
Ernest C. Garcia III는 Carvana Co. (CVNA)의 최고경영자(CEO), 이사 및 알려진 10% 주주로서 08/11/2025에 클래스 A 보통주에 대한 일련의 매도 보고를 했습니다. Form 4에는 2024년 12월 13일 채택된 Rule 10b5-1 거래계획에 따라 실행된 총 923,155주의 처분이 기재되어 있습니다. 그룹별 거래에 대해 보고된 거래량 가중 평균 매도가는 대략 $340.46~$348.50 범위이며, 각 거래 그룹별로 상세한 가격대가 제공됩니다.
매도된 주식은 Ernest Irrevocable 2004 Trust III 및 Ernest C. Garcia III Multi-Generational Trust III라는 두 트러스트를 통해 간접 보유되어 있었으며, 보고자는 해당 트러스트들의 Investment Trustee 및 Co-Administrative Trustee로 되어 있습니다. 해당 서식은 08/13/2025에 Paul Breaux가 위임장으로 서명했습니다. 제출자는 요청 시 SEC 직원, 발행사 또는 증권 보유자에게 거래별 세부사항을 제공하겠다고 밝혔습니다.
Ernest C. Garcia III, directeur général, administrateur et actionnaire déclaré à 10 % de Carvana Co. (CVNA), a déclaré une série de ventes d'actions ordinaires de classe A le 08/11/2025. Le Form 4 indique une cession totale de 923,155 actions exécutée dans le cadre d'un plan de trading Rule 10b5-1 adopté le 13 décembre 2024. Les prix de vente moyens pondérés par le volume rapportés pour les groupes de transactions se situent approximativement entre $340.46 et $348.50, des fourchettes de prix détaillées étant fournies pour chaque groupe.
Les actions vendues étaient détenues indirectement via deux trusts : l'Ernest Irrevocable 2004 Trust III et l'Ernest C. Garcia III Multi-Generational Trust III, pour lesquels la personne déclarante agit en qualité d'Investment Trustee et de Co-Administrative Trustee. Le formulaire est signé par Paul Breaux par procuration le 08/13/2025. Le déclarant propose de fournir, sur demande, les détails par transaction au personnel de la SEC, à l'émetteur ou aux porteurs de titres.
Ernest C. Garcia III, Chief Executive Officer, Direktor und als 10%-Eigentümer gemeldeter Anteilseigner von Carvana Co. (CVNA), meldete am 08/11/2025 eine Reihe von Verkäufen von Class A Common Stock. Im Form 4 ist eine Gesamtveräußerung von 923,155 Aktien aufgeführt, ausgeführt im Rahmen eines Rule 10b5-1-Handelsplans, der am 13. Dezember 2024 angenommen wurde. Die angegebenen volumen‑gewichteten Durchschnittsverkaufspreise für die gruppierten Transaktionen liegen ungefähr zwischen $340.46 und $348.50, wobei für jede Handelsgruppe detaillierte Preisspannen angegeben sind.
Die verkauften Aktien wurden indirekt über zwei Trusts gehalten: den Ernest Irrevocable 2004 Trust III und den Ernest C. Garcia III Multi-Generational Trust III, für die die meldende Person als Investment Trustee und Co-Administrative Trustee fungiert. Das Formular ist am 08/13/2025 von Paul Breaux per Vollmacht unterzeichnet. Der Einreichende bietet an, auf Anfrage Einzelheiten zu den einzelnen Trades dem SEC‑Personal, dem Emittenten oder den Wertpapierinhabern zur Verfügung zu stellen.
FAQ
Who filed the Form 4 for CVNA?
What transactions are reported on the Form 4 for CVNA?
How many CVNA shares were sold and when?
Were the sales part of a pre-arranged trading plan?
At what prices were the CVNA shares sold?
How were the shares held prior to sale?
