Carvana CEO has 7,072 shares withheld for taxes

The report also lists two trust-held positions, and Garcia is an investment and co-administrative trustee of each trust.

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. (CVNA) Chief Executive Officer Ernest C. Garcia III reported 7,072 shares of Class A common stock withheld for taxes upon vesting of restricted stock units on November 1, 2026, at $68.29 per share. His direct holdings following the transaction were 4,702,660 shares. The report also lists 2,250,000 shares held by Ernest C. Garcia III Multi-Generational Trust III and 1,750,000 shares held by Ernest Irrevocable 2004 Trust III; Garcia is an investment and co-administrative trustee of both.

Insider Trade Summary

Tax Withholding: 7,072 shares

Tax Withholding 1 txn

Insider GARCIA ERNEST C. III

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock F1	7,072	$68.29	$483K
Holding	Class A Common Stock F2	--	--	--
Holding	Class A Common Stock F3	--	--	--

Holdings After Transaction: Class A Common Stock — 4,702,660 shares (Direct); Class A Common Stock — 2,250,000 shares (Indirect, Ernest C. Garcia III Multi-Generational Trust III); Class A Common Stock — 1,750,000 shares (Indirect, Ernest Irrevocable 2004 Trust III)

Footnotes (3)

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. These shares of Class A common stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.
3. F3. These shares of Class A common stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

Key Figures

Shares withheld for taxes: 7,072 shares Price per share: $68.29 per share Direct Class A common stock holdings following transaction: 4,702,660 shares +2 more

5 metrics

Shares withheld for taxes 7,072 shares Upon vesting of restricted stock units on November 1, 2026

Price per share $68.29 per share Shares withheld for taxes upon vesting of restricted stock units on November 1, 2026

Direct Class A common stock holdings following transaction 4,702,660 shares Ernest C. Garcia III, as of November 1, 2026

Multi-Generational Trust III holdings 2,250,000 shares Ernest C. Garcia III Multi-Generational Trust III, as of November 1, 2026

Irrevocable 2004 Trust III holdings 1,750,000 shares Ernest Irrevocable 2004 Trust III, as of November 1, 2026

Key Terms

restricted stock units, vesting, Investment Trustee, Co-Administrative Trustee

4 terms

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.

vesting financial

"withheld for taxes upon vesting of restricted stock units"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Investment Trustee technical

"The Reporting Person is the Investment Trustee and Co-Administrative Trustee"

Co-Administrative Trustee technical

"Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust"

FAQ

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

How many CVNA shares did Ernest C. Garcia III have withheld for taxes?

On November 1, 2026, 7,072 shares of Carvana Class A common stock were withheld for taxes upon vesting of restricted stock units, at $68.29 per share. Ernest C. Garcia III, Carvana's Chief Executive Officer, had 4,702,660 shares held directly after the transaction.

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

Form 4 Insider Transactions: What Each Field Means →

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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).

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^*

GARCIA ERNEST C. III

(Last) (First) (Middle)

C/O CARVANA CO.

300 E. RIO SALADO PARKWAY

(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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

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		7,072(1)	D	$68.29	4,702,660	D
Class A Common Stock								2,250,000	I	Ernest C. Garcia III Multi-Generational Trust III(2)
Class A Common Stock								1,750,000	I	Ernest Irrevocable 2004 Trust III(3)

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. These shares of Class A common stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

3. These shares of Class A common stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

Remarks:

	/s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, III	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)