STOCK TITAN

Carvana (NYSE: CVNA) officer has shares withheld to cover RSU taxes

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CARVANA CO. officer Paul W. Breaux reported a routine tax-related share disposition. On the vesting of restricted stock units, 4,455 shares of Class A Common Stock were withheld at $71.00 per share to cover tax obligations. After this non-market transaction, he directly holds 354,510 shares.

Positive

  • None.

Negative

  • None.
Insider BREAUX PAUL W.
Role See Remarks
Type Security Shares Price Value
Tax Withholding Class A Common Stock 4,455 $71.00 $316K
Holdings After Transaction: Class A Common Stock — 354,510 shares (Direct, null)
Footnotes (1)
  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. All amounts reflect the five for one forward stock split conducted by the issuer on May 7, 2026.
Shares withheld for taxes 4,455 shares Tax withholding on RSU vesting
Tax withholding share price $71.00 per share Value used for 4,455 withheld shares
Shares held after transaction 354,510 shares Direct Class A holdings after withholding
Forward stock split ratio five-for-one Forward stock split effective May 7, 2026
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
forward stock split financial
"reflect the five for one forward stock split conducted by the issuer"
A forward stock split is when a company increases the number of its shares by dividing each existing share into smaller parts. This makes the stock price lower and more affordable for investors, similar to splitting a pizza into more slices so everyone can get a smaller piece. It doesn't change the company's total value, just how it's divided among shareholders.
Class A Common Stock financial
"Represents total number of shares of Class A Common Stock of the Issuer withheld"
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.
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SEC Form 4
FORM 4UNITED 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*
BREAUX PAUL W.

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
See Remarks
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock06/01/2026F4,455(1)D$71354,510(2)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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. All amounts reflect the five for one forward stock split conducted by the issuer on May 7, 2026.
Remarks:
Vice President, General Counsel, Secretary, and Chief Compliance Officer
/s/ Paul Breaux06/03/2026
** Signature of Reporting PersonDate
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)

FAQ

What did CARVANA (CVNA) insider Paul W. Breaux report in this Form 4?

Paul W. Breaux reported a tax-related disposition of 4,455 Class A shares. These shares were withheld by the company to cover taxes upon vesting of restricted stock units, rather than sold in the open market.

How many CARVANA (CVNA) shares were withheld for taxes in this transaction?

A total of 4,455 Class A Common shares were withheld for taxes. The withholding occurred when restricted stock units vested under various awards, reflecting a standard mechanism to satisfy income tax obligations.

At what price were CARVANA (CVNA) shares valued for the tax withholding?

The 4,455 withheld Class A shares were valued at $71.00 per share. This valuation determines the dollar amount applied toward the reporting person’s tax liability triggered by the restricted stock unit vesting.

How many CARVANA (CVNA) shares does Paul W. Breaux hold after this transaction?

Following the tax-withholding disposition, Paul W. Breaux directly holds 354,510 Class A shares. This figure shows his continuing equity position after the company withheld a portion of newly vested shares for taxes.

Was the CARVANA (CVNA) Form 4 transaction an open-market sale by Paul W. Breaux?

No, the Form 4 reflects a tax-withholding disposition, not an open-market sale. Shares were withheld by the issuer to pay tax liabilities from restricted stock unit vesting, a common administrative process in equity compensation.

How does the CARVANA (CVNA) stock split affect the amounts in this Form 4?

All share amounts incorporate a five-for-one forward stock split completed on May 7, 2026. This adjustment increases the number of reported shares proportionally, while preserving the underlying economic value of the awards and holdings.