What share price was used for the Carvana (CVNA) tax-withholding shares?

The Form 4 reports that the 3,948 Carvana Class A shares withheld for taxes were valued at $71.00 per share. This price is used solely to describe the value of the shares delivered to satisfy the tax liability from RSU vesting.

Carvana (NYSE: CVNA) executive has RSU shares withheld for taxes

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

CARVANA CO. executive Taira Thomas, President, Special Projects, reported a routine tax-withholding transaction related to equity compensation. On the vesting of restricted stock units, 3,948 shares of Class A Common Stock were withheld at a value of $71.00 per share to satisfy tax obligations, rather than sold on the open market. After this disposition, Thomas directly holds 320,672 Class A shares, with all amounts reflecting Carvana’s five-for-one forward stock split conducted on May 7, 2026.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Taira Thomas

Role President, Special Projects

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	3,948	$71.00	$280K

Holdings After Transaction: Class A Common Stock — 320,672 shares (Direct, null)

Footnotes (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.

Key Figures

Shares withheld for taxes: 3,948 shares Tax-withholding share value: $71.00 per share Shares held after transaction: 320,672 shares +2 more

5 metrics

Shares withheld for taxes 3,948 shares Class A Common Stock withheld upon RSU vesting

Tax-withholding share value $71.00 per share Value used for withheld RSU shares

Shares held after transaction 320,672 shares Direct Class A holdings after tax-withholding disposition

Stock split ratio five-for-one Forward stock split conducted on May 7, 2026

Form type Form 4 Insider tax-withholding disposition filing

Key Terms

restricted stock units, five for one forward stock split, tax-withholding disposition

3 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.

five for one forward stock split financial

"All amounts reflect the five for one forward stock split conducted by the issuer"

tax-withholding disposition financial

"transaction_action: tax-withholding disposition related to RSU vesting"

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.

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Form 4 Insider Transactions: What Each Field Means →

06/03/2026 - 07:21 PM

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^*

Taira Thomas

(Last)

(First)

(Middle)

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President, Special Projects

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	06/01/2026		F		3,948⁽¹⁾	D	$71	320,672⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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:

	/s/ Paul Breaux, by Power of Attorney for Thomas Taira	06/03/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Carvana (CVNA) executive Taira Thomas report in this Form 4?

Carvana executive Taira Thomas reported a tax-withholding disposition of 3,948 Class A shares tied to restricted stock unit vesting. The shares were withheld at $71.00 each to cover taxes, a routine equity compensation event rather than an open-market sale.

Was the Carvana (CVNA) Form 4 transaction an open-market sale of shares?

No, the Form 4 for Carvana shows no open-market sale. Instead, 3,948 shares were withheld to pay taxes on vesting restricted stock units, classified as a tax-withholding disposition and not a discretionary sale into the market.

How many Carvana (CVNA) shares does Taira Thomas hold after the reported transaction?

After the transaction, Taira Thomas directly holds 320,672 shares of Carvana Class A Common Stock. This post-transaction holding reflects the five-for-one forward stock split that Carvana conducted on May 7, 2026, as noted in the filing footnotes.

How is Carvana’s five-for-one stock split reflected in this Form 4?

The filing states that all share amounts reflect Carvana’s five-for-one forward stock split conducted on May 7, 2026. This means the reported 3,948 withheld shares and 320,672 shares held after the transaction are already adjusted for the split.