Carvana director Ira Platt exercises options, sells shares
The director exercised two option blocks at $3 per share, then sold the resulting shares in multiple trades.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Carvana Co. (CVNA) director Ira J. Platt exercised options for 15,000 Class A shares at $3 per share and sold them at a $74.32 volume weighted average sale price on November 4, 2026. He also exercised options for 14,640 shares at $3 per share and sold them at a $77.21 volume weighted average sale price that day. Both sales were executed in multiple trades.
Insider Trade Summary
Exercise and Sale: 29,640 shares ($2.16M approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
PLATT IRA J.
Role
Director
Sold
29,640 shs ($2.25M)
Approx. gross sale proceeds
$2.25M
Approx. exercise cost
$89K
Approx. pre-tax spread
$2.16M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) F7 | 15,000 | $0.00 | $0.00 |
| Exercise | Stock Options (Right to Buy) F7 | 14,640 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 15,000 | $3.00 | $45K |
| Sale | Class A Common Stock F1, F2 | 15,000 | $74.32 | $1.11M |
| Exercise | Class A Common Stock | 14,640 | $3.00 | $44K |
| Sale | Class A Common Stock F1, F3 | 14,640 | $77.21 | $1.13M |
| Holding | Class A Common Stock F4 | -- | -- | -- |
| Holding | Class A Common Stock F5 | -- | -- | -- |
| Holding | Class A Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 0 contracts (Direct);
Class A Common Stock — 186,470 shares (Direct);
Class A Common Stock — 158,415 shares (Indirect, By Trust);
Class A Common Stock — 9,995 shares (Indirect, Platt Family Foundation)
Footnotes (7)
- F1. 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.
- F2. This transaction was executed in multiple trades at prices ranging from $74.00 to $74.59 inclusive.
- F3. This transaction was executed in multiple trades at prices ranging from $77.15 to $77.25 inclusive.
- F4. These Class A Shares are held directly by the Ira J. Platt Revocable Trust (the "Revocable Trust"). The Reporting Person is co-trustee of the Revocable Trust, and the Reporting Person's spouse is the primary beneficiary of the Revocable Trust.
- F5. Represents shares of Class A common stock held directly by the Georgiana Platt and Successors Remainder Trust (the "Settlers Trust"). The Reporting Person's spouse is co-trustee and primary beneficiary of the Settlers Trust.
- F6. Represents shares of Class A common stock held by the Platt Family Foundation (the "Foundation"), a charitable organization. The Reporting Person has voting and investment power over all securities owned by the Foundation. The Reporting Person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein.
- F7. The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 27, 2018 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
Key Figures
Shares exercised and sold: 15,000 shares
Shares exercised and sold: 14,640 shares
Exercise price: $3 per share
+3 more
6 metrics
Shares exercised and sold
15,000 shares
November 4, 2026 option exercise and sale
Shares exercised and sold
14,640 shares
November 4, 2026 option exercise and sale
Exercise price
$3 per share
Both option blocks
Volume weighted average sale price
$74.32 per share
15,000 shares sold November 4, 2026
Volume weighted average sale price
$77.21 per share
14,640 shares sold November 4, 2026
Platt Family Foundation holding
9,995 shares
Class A common stock
Key Terms
volume weighted average sale price, non-qualified stock options, exercise price, voting and investment power, +1 more
5 terms
volume weighted average sale price financial
"reflects the volume weighted average sale price"
non-qualified stock options financial
"The non-qualified stock options representing the right to purchase"
Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.
exercise price financial
"for the exercise price Class A Common Stock"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
voting and investment power regulatory
"has voting and investment power over all securities owned"
pecuniary interest regulatory
"except to the extent of his pecuniary interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were the terms of Ira J. Platt's CVNA options?
The options had an exercise price of $3 per share, an exercise date of April 27, 2018, and an expiration date of April 27, 2027. They vested 25% on April 27, 2018 and monthly thereafter for the following three years, subject to Platt's continued service with Carvana.
AI-generated analysis. How Rhea-AI works. Not financial advice.
