Carvana VP sells 5,000 shares at $71.40–$71.88
Carvana’s vice president of accounting reported tax-related share withholding and 5,000 open-market share sales executed under a Rule 10b5-1 plan.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
CARVANA CO. (CVNA) reported that Vice President of Accounting Stephen R. Palmer disposed of Class A Common Stock on September 1, 2026. The transactions included 3,023 shares withheld for taxes upon vesting of restricted stock units and open-market sales of 5,000 shares, all effected under a previously adopted Rule 10b5-1 trading plan.
Insider Trade Summary 10b5-1
Net Seller: 5,000 shares
Net Sell
3 txns
Insider
Palmer Stephen R
Role
Vice President of Accounting
Sold
5,000 shs ($358K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 3,023 | $72.18 | $218K |
| Sale | Class A Common Stock F2, F3, F4 | 3,400 | $71.40 | $243K |
| Sale | Class A Common Stock F2, F3, F5 | 1,600 | $71.88 | $115K |
Holdings After Transaction:
Class A Common Stock — 128,886 shares (Direct)
Footnotes (5)
- 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.
- 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").
- 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.
- F4. This transaction was executed in multiple trades at prices ranging from $70.76 to $71.75 inclusive.
- F5. This transaction was executed in multiple trades at prices ranging from $71.76 to $72.26 inclusive.
Key Figures
Shares withheld for taxes: 3,023 shares
Shares sold (first sale): 3,400 shares at $71.40 per share
Shares sold (second sale): 1,600 shares at $71.88 per share
+4 more
7 metrics
Shares withheld for taxes
3,023 shares
Class A Common Stock withheld upon RSU vesting on September 1, 2026
Shares sold (first sale)
3,400 shares at $71.40 per share
Open-market sale of Class A Common Stock on September 1, 2026
Shares sold (second sale)
1,600 shares at $71.88 per share
Open-market sale of Class A Common Stock on September 1, 2026
Aggregate shares sold
5,000 shares
Total Class A Common Stock sold in two transactions on September 1, 2026
Rule 10b5-1 plan adoption date
May 28, 2025
Date Stephen R. Palmer adopted the trading plan governing the reported sales
Price range (3,400-share sale)
$70.76 to $71.75 per share
Multiple trades comprising the first reported sale
Price range (1,600-share sale)
$71.76 to $72.26 per share
Multiple trades comprising the second reported sale
Key Terms
Rule 10b5-1 trading plan, volume weighted average sale price, restricted stock units, Class A Common Stock
4 terms
Rule 10b5-1 trading plan regulatory
"The reported sales were effected 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
"The price reported above reflects the volume weighted average sale price"
restricted stock units financial
"withheld for taxes upon vesting of restricted stock units pursuant to various awards"
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 total number of shares of Class A Common Stock of the Issuer"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Carvana (CVNA) report for Stephen R. Palmer on this Form 4?
The filing reports that Stephen R. Palmer had 3,023 shares of Class A Common Stock withheld for taxes upon vesting of restricted stock units and sold a total of 5,000 shares of Class A Common Stock in open-market transactions on September 1, 2026.
Were the Carvana (CVNA) insider sales by Stephen R. Palmer made under a Rule 10b5-1 plan?
Yes. A footnote states the reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Stephen R. Palmer on May 28, 2025, indicating the sales followed a pre-arranged trading plan rather than discretionary timing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
