STOCK TITAN

[Form 4] Carvana Co. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
Rhea-AI Filing Summary

Irrevocable Larson Family Investment Trust filed a Schedule 13G reporting a 5.1 % passive stake in Amplify Energy Corp. (AMPY) triggered by an event dated 2 July 2025. The Trust now beneficially owns 2,041,000 common shares, consisting of 2,031,500 shares and voting rights held solely plus 9,500 shares held jointly; it also holds 160 call-option contracts on AMPY stock. Sole voting and dispositive power cover 2,031,500 shares, while shared power applies to 9,500 shares. The filer certifies the position is not intended to change or influence control of the issuer, classifying the investment as purely passive under Rule 13d-1(c). No subsidiaries, additional group members, or control persons are identified, and there are no indications of activist intent. Disclosure was signed by Grayson Linyard, Attorney-in-Fact, on 23 July 2025.

Irrevocable Larson Family Investment Trust ha presentato un Schedule 13G dichiarando una partecipazione passiva del 5,1% in Amplify Energy Corp. (AMPY), a seguito di un evento datato 2 luglio 2025. Il Trust detiene ora beneficiariamente 2.041.000 azioni ordinarie, di cui 2.031.500 azioni e relativi diritti di voto detenuti in via esclusiva e 9.500 azioni detenute congiuntamente; possiede inoltre 160 contratti di opzione call su azioni AMPY. Il potere esclusivo di voto e disposizione riguarda 2.031.500 azioni, mentre il potere condiviso si applica a 9.500 azioni. Il dichiarante certifica che la posizione non è intesa a modificare o influenzare il controllo dell'emittente, classificando l'investimento come puramente passivo ai sensi della Regola 13d-1(c). Non sono state identificate controllate, altri membri del gruppo o persone di controllo, né vi sono indicazioni di intenti attivisti. La comunicazione è stata firmata da Grayson Linyard, Procuratore, il 23 luglio 2025.

Irrevocable Larson Family Investment Trust presentó un Schedule 13G reportando una participación pasiva del 5,1 % en Amplify Energy Corp. (AMPY) tras un evento fechado el 2 de julio de 2025. El Trust posee actualmente 2.041.000 acciones ordinarias en beneficio propio, compuestas por 2.031.500 acciones y derechos de voto en propiedad exclusiva más 9.500 acciones en copropiedad; además, posee 160 contratos de opción call sobre acciones de AMPY. El poder exclusivo de voto y disposición cubre 2.031.500 acciones, mientras que el poder compartido aplica a 9.500 acciones. El declarante certifica que la posición no tiene la intención de cambiar o influir en el control del emisor, clasificando la inversión como puramente pasiva bajo la Regla 13d-1(c). No se identifican subsidiarias, miembros adicionales del grupo ni personas de control, y no hay indicios de intención activista. La divulgación fue firmada por Grayson Linyard, Apoderado, el 23 de julio de 2025.

Irrevocable Larson Family Investment Trust는 2025년 7월 2일자 사건에 따라 Amplify Energy Corp. (AMPY)에 대한 5.1% 수동 지분을 보고하는 Schedule 13G를 제출했습니다. 이 트러스트는 현재 2,041,000 보통주를 실질적으로 보유하고 있으며, 이 중 2,031,500주는 단독으로 의결권을 보유하고 있고 9,500주는 공동으로 보유하고 있습니다. 또한 AMPY 주식에 대한 160개의 콜옵션 계약도 보유하고 있습니다. 단독 의결권 및 처분 권한은 2,031,500주에 해당하며, 공동 권한은 9,500주에 적용됩니다. 제출자는 이 지분이 발행인의 지배권을 변경하거나 영향력을 행사하려는 의도가 없음을 증명하며, 투자 목적을 규칙 13d-1(c)에 따른 순수 수동 투자로 분류합니다. 자회사는 없고, 추가 그룹 구성원이나 지배 인물도 없으며, 행동주의 의도도 없습니다. 이 공시는 2025년 7월 23일 법률대리인 그레이슨 리니야드가 서명했습니다.

Irrevocable Larson Family Investment Trust a déposé un Schedule 13G déclarant une participation passive de 5,1 % dans Amplify Energy Corp. (AMPY), suite à un événement daté du 2 juillet 2025. Le Trust détient désormais bénéficiairement 2 041 000 actions ordinaires, comprenant 2 031 500 actions et droits de vote détenus exclusivement et 9 500 actions détenues conjointement ; il détient également 160 contrats d’option d’achat sur les actions AMPY. Le pouvoir exclusif de vote et de disposition couvre 2 031 500 actions, tandis que le pouvoir partagé s’applique à 9 500 actions. Le déclarant certifie que la position n’est pas destinée à modifier ou influencer le contrôle de l’émetteur, classant l’investissement comme purement passif selon la règle 13d-1(c). Aucune filiale, membre supplémentaire du groupe ou personne de contrôle n’a été identifiée, et il n’y a aucune indication d’intention activiste. La divulgation a été signée par Grayson Linyard, mandataire, le 23 juillet 2025.

Irrevocable Larson Family Investment Trust hat einen Schedule 13G eingereicht, der eine passive Beteiligung von 5,1 % an Amplify Energy Corp. (AMPY) meldet, ausgelöst durch ein Ereignis vom 2. Juli 2025. Der Trust besitzt nun wirtschaftlich 2.041.000 Stammaktien, bestehend aus 2.031.500 Aktien mit alleinigen Stimmrechten sowie 9.500 gemeinsam gehaltenen Aktien; außerdem hält er 160 Call-Optionskontrakte auf AMPY-Aktien. Alleinige Stimm- und Verfügungsgewalt erstreckt sich auf 2.031.500 Aktien, während gemeinsame Rechte 9.500 Aktien betreffen. Der Melder bestätigt, dass die Position nicht darauf abzielt, die Kontrolle über den Emittenten zu ändern oder zu beeinflussen, und klassifiziert die Investition gemäß Regel 13d-1(c) als rein passiv. Es wurden keine Tochtergesellschaften, weiteren Gruppenmitglieder oder Kontrollpersonen identifiziert, und es liegen keine Hinweise auf aktivistische Absichten vor. Die Offenlegung wurde am 23. Juli 2025 von Grayson Linyard, Bevollmächtigter, unterzeichnet.

Positive
  • 5.1 % stake disclosure indicates a sizeable new passive investor, implying confidence in AMPY’s valuation and outlook.
Negative
  • None.

Insights

TL;DR: 2.0 M-share passive stake suggests incremental confidence in AMPY but no strategic shift.

The Trust’s 5.1 % holding makes it the latest large, yet non-activist, investor in Amplify. While the position does not guarantee future buying or board engagement, it marginally tightens AMPY’s float and can improve liquidity perception. Passive certification under Rule 13d-1(c) signals no immediate governance challenge, so market impact should be modestly positive rather than disruptive.

TL;DR: Ownership exceeds 5 % but filer pledges no control intent—neutral governance impact.

Because the Trust expressly disclaims control ambitions, existing management is unlikely to face shareholder proposals or board nominees from this holder. Nevertheless, its new reporting status means any subsequent ownership changes must be disclosed, providing investors additional transparency on insider-adjacent capital flows.

Irrevocable Larson Family Investment Trust ha presentato un Schedule 13G dichiarando una partecipazione passiva del 5,1% in Amplify Energy Corp. (AMPY), a seguito di un evento datato 2 luglio 2025. Il Trust detiene ora beneficiariamente 2.041.000 azioni ordinarie, di cui 2.031.500 azioni e relativi diritti di voto detenuti in via esclusiva e 9.500 azioni detenute congiuntamente; possiede inoltre 160 contratti di opzione call su azioni AMPY. Il potere esclusivo di voto e disposizione riguarda 2.031.500 azioni, mentre il potere condiviso si applica a 9.500 azioni. Il dichiarante certifica che la posizione non è intesa a modificare o influenzare il controllo dell'emittente, classificando l'investimento come puramente passivo ai sensi della Regola 13d-1(c). Non sono state identificate controllate, altri membri del gruppo o persone di controllo, né vi sono indicazioni di intenti attivisti. La comunicazione è stata firmata da Grayson Linyard, Procuratore, il 23 luglio 2025.

Irrevocable Larson Family Investment Trust presentó un Schedule 13G reportando una participación pasiva del 5,1 % en Amplify Energy Corp. (AMPY) tras un evento fechado el 2 de julio de 2025. El Trust posee actualmente 2.041.000 acciones ordinarias en beneficio propio, compuestas por 2.031.500 acciones y derechos de voto en propiedad exclusiva más 9.500 acciones en copropiedad; además, posee 160 contratos de opción call sobre acciones de AMPY. El poder exclusivo de voto y disposición cubre 2.031.500 acciones, mientras que el poder compartido aplica a 9.500 acciones. El declarante certifica que la posición no tiene la intención de cambiar o influir en el control del emisor, clasificando la inversión como puramente pasiva bajo la Regla 13d-1(c). No se identifican subsidiarias, miembros adicionales del grupo ni personas de control, y no hay indicios de intención activista. La divulgación fue firmada por Grayson Linyard, Apoderado, el 23 de julio de 2025.

Irrevocable Larson Family Investment Trust는 2025년 7월 2일자 사건에 따라 Amplify Energy Corp. (AMPY)에 대한 5.1% 수동 지분을 보고하는 Schedule 13G를 제출했습니다. 이 트러스트는 현재 2,041,000 보통주를 실질적으로 보유하고 있으며, 이 중 2,031,500주는 단독으로 의결권을 보유하고 있고 9,500주는 공동으로 보유하고 있습니다. 또한 AMPY 주식에 대한 160개의 콜옵션 계약도 보유하고 있습니다. 단독 의결권 및 처분 권한은 2,031,500주에 해당하며, 공동 권한은 9,500주에 적용됩니다. 제출자는 이 지분이 발행인의 지배권을 변경하거나 영향력을 행사하려는 의도가 없음을 증명하며, 투자 목적을 규칙 13d-1(c)에 따른 순수 수동 투자로 분류합니다. 자회사는 없고, 추가 그룹 구성원이나 지배 인물도 없으며, 행동주의 의도도 없습니다. 이 공시는 2025년 7월 23일 법률대리인 그레이슨 리니야드가 서명했습니다.

Irrevocable Larson Family Investment Trust a déposé un Schedule 13G déclarant une participation passive de 5,1 % dans Amplify Energy Corp. (AMPY), suite à un événement daté du 2 juillet 2025. Le Trust détient désormais bénéficiairement 2 041 000 actions ordinaires, comprenant 2 031 500 actions et droits de vote détenus exclusivement et 9 500 actions détenues conjointement ; il détient également 160 contrats d’option d’achat sur les actions AMPY. Le pouvoir exclusif de vote et de disposition couvre 2 031 500 actions, tandis que le pouvoir partagé s’applique à 9 500 actions. Le déclarant certifie que la position n’est pas destinée à modifier ou influencer le contrôle de l’émetteur, classant l’investissement comme purement passif selon la règle 13d-1(c). Aucune filiale, membre supplémentaire du groupe ou personne de contrôle n’a été identifiée, et il n’y a aucune indication d’intention activiste. La divulgation a été signée par Grayson Linyard, mandataire, le 23 juillet 2025.

Irrevocable Larson Family Investment Trust hat einen Schedule 13G eingereicht, der eine passive Beteiligung von 5,1 % an Amplify Energy Corp. (AMPY) meldet, ausgelöst durch ein Ereignis vom 2. Juli 2025. Der Trust besitzt nun wirtschaftlich 2.041.000 Stammaktien, bestehend aus 2.031.500 Aktien mit alleinigen Stimmrechten sowie 9.500 gemeinsam gehaltenen Aktien; außerdem hält er 160 Call-Optionskontrakte auf AMPY-Aktien. Alleinige Stimm- und Verfügungsgewalt erstreckt sich auf 2.031.500 Aktien, während gemeinsame Rechte 9.500 Aktien betreffen. Der Melder bestätigt, dass die Position nicht darauf abzielt, die Kontrolle über den Emittenten zu ändern oder zu beeinflussen, und klassifiziert die Investition gemäß Regel 13d-1(c) als rein passiv. Es wurden keine Tochtergesellschaften, weiteren Gruppenmitglieder oder Kontrollpersonen identifiziert, und es liegen keine Hinweise auf aktivistische Absichten vor. Die Offenlegung wurde am 23. Juli 2025 von Grayson Linyard, Bevollmächtigter, unterzeichnet.

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).
1. Name and Address of Reporting Person*
GARCIA ERNEST C. II

(Last) (First) (Middle)
1720 W. RIO SALADO PARKWAY
SUITE A

(Street)
TEMPE AZ 85281

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CARVANA CO. [ CVNA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/21/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
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 07/21/2025 C 50,000 A (1) 50,000 D
Class A Common Stock 07/21/2025 S(2) 331 D $339.3896(3) 49,669 D
Class A Common Stock 07/21/2025 S(2) 1,995 D $340.6443(3) 47,674 D
Class A Common Stock 07/21/2025 S(2) 4,961 D $341.4313(3) 42,713 D
Class A Common Stock 07/21/2025 S(2) 16,957 D $342.511(3) 25,756 D
Class A Common Stock 07/21/2025 S(2) 16,057 D $343.3746(3) 9,699 D
Class A Common Stock 07/21/2025 S(2) 8,237 D $344.2505(3) 1,462 D
Class A Common Stock 07/21/2025 S(2) 1,462 D $345.414(3) 0 D
Class A Common Stock 07/22/2025 C 50,000 A (1) 50,000 D
Class A Common Stock 07/22/2025 S(2) 988 D $332.3868(4)(5) 49,012 D
Class A Common Stock 07/22/2025 S(2) 1,715 D $333.9603(4)(5) 47,297 D
Class A Common Stock 07/22/2025 S(2) 161 D $335.0392(4)(5) 47,136 D
Class A Common Stock 07/22/2025 S(2) 905 D $336.3134(4)(5) 46,231 D
Class A Common Stock 07/22/2025 S(2) 4,320 D $337.4201(4)(5) 41,911 D
Class A Common Stock 07/22/2025 S(2) 4,199 D $338.3847(4)(5) 37,712 D
Class A Common Stock 07/22/2025 S(2) 2,482 D $339.3181(4)(5) 35,230 D
Class A Common Stock 07/22/2025 S(2) 535 D $340.2731(4)(5) 34,695 D
Class A Common Stock 07/22/2025 S(2) 1,490 D $341.2936(4)(5) 33,205 D
Class A Common Stock 07/22/2025 S(2) 5,156 D $343.0507(4)(5) 28,049 D
Class A Common Stock 07/22/2025 S(2) 15,531 D $343.9411(4)(5) 12,518 D
Class A Common Stock 07/22/2025 S(2) 9,244 D $344.8587(4)(5) 3,274 D
Class A Common Stock 07/22/2025 S(2) 2,638 D $345.7501(4)(5) 636 D
Class A Common Stock 07/22/2025 S(2) 636 D $346.5107(4)(5) 0 D
Class B Common Stock 07/21/2025 J 50,000 D (6) 35,692,792 D
Class B Common Stock 07/22/2025 J 50,000 D (6) 35,642,792 D
Class B Common Stock 8,000,000 I ECG II SPE, LLC(7)
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
Class A Units (1) 07/21/2025 C 62,500 (1) (1) Class A Common Stock 50,000 $0 44,615,989 D
Class A Units (1) 07/22/2025 C 62,500 (1) (1) Class A Common Stock 50,000 $0 44,553,489 D
Class A Units $0 (8) (8) Class A Common Stock 10,000,000 10,000,000 I ECG II SPE, LLC
1. Name and Address of Reporting Person*
GARCIA ERNEST C. II

(Last) (First) (Middle)
1720 W. RIO SALADO PARKWAY
SUITE A

(Street)
TEMPE AZ 85281

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
ECG II SPE, LLC

(Last) (First) (Middle)
1720 W. RIO SALADO PARKWAY
SUITE A

(Street)
TEMPE AZ 85281

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement").
2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on December 13, 2024.
3. The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $338.9137-$339.60, inclusive (weighted average of $339.3896); $339.92-$340.91, inclusive (weighted average of $340.6443); $340.97-$341.93, inclusive (weighted average of $341.4313); $341.98-$342.97, inclusive (weighted average of $342.511); $342.98-$343.9689, inclusive (weighted average of $343.3746); $343.98-$344.97, inclusive (weighted average of $344.2505); and $345.0828-$345.8885, inclusive (weighted average of $345.414), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
4. Prices reported in Column 4 are weighted average prices. Shares were sold in multiple transactions at prices ranging from $332.11-$332.91, inclusive (weighted average of $332.3868); $333.36-$334.27, inclusive (weighted average of $333.9603); $334.88-$335.536, inclusive (weighted average of $335.0392); $335.9259-$336.71, inclusive (weighted average of $336.3134); $336.98-$337.96, inclusive (weighted average of $337.4201); $337.99-$338.9822, inclusive (weighted average of $338.3847); $338.99-$339.98, inclusive (weighted average of $339.3181); $339.99-$340.84, inclusive (weighted average of $340.2731); $340.99-$341.77, inclusive (weighted average of $341.2936); $342.44-$343.43, inclusive (weighted average of $343.0507); $343.44-$344.435, inclusive (weighted average of $343.9411); $344.44-$345.4301, inclusive (weighted average of $344.8587); $345.4507-$346.41, inclusive (weighted average of $345.7501); and $346.47-$346.8124, inclusive (weighted average of $346.5107), respectively.
5. The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein.
6. Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by Ernest C. Garcia II.
7. These Class B Shares are owned directly by ECG II SPE, LLC ("E-SPE"), an entity which Mr. Garcia wholly owns and controls.
8. These Class A Units are owned directly by E-SPE and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.
/s/ Ernest C. Garcia II 07/23/2025
/s/ Ernest C. Garcia II, ECG II SPE, LLC 07/23/2025
** 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.

FAQ

Who filed the Schedule 13G on AMPY?

The Irrevocable Larson Family Investment Trust.

How many Amplify Energy (AMPY) shares are owned by the filer?

The Trust beneficially owns 2,041,000 common shares plus 160 call-option contracts.

What percentage of AMPY’s outstanding shares does this represent?

The holding equals 5.1 % of the company’s common stock.

Does the Trust intend to influence Amplify Energy’s control or management?

No. The certification states the shares were acquired solely for passive investment with no intent to influence control.

What is the key date associated with this filing?

The event date triggering the filing is July 2, 2025; the form was signed on July 23, 2025.

How is voting power divided?

The Trust holds sole voting/dispositive power over 2,031,500 shares and shared power over 9,500 shares.
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