Carvana CEO reports RSU tax withholding on shares
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Form Type
4
Rhea-AI Filing Summary
CARVANA CO. Chief Executive Officer Ernest C. Garcia III reported a Form 4 showing shares withheld to cover taxes on restricted stock units that vested. A total of 1,415 shares of Class A Common Stock were disposed of at $382.60 per share as a tax-withholding transaction, not an open-market sale.
Following this event, Garcia directly holds 922,074 Class A shares. He also has indirect holdings through the Ernest Irrevocable 2004 Trust III, which holds 350,000 shares, and the Ernest C. Garcia III Multi-Generational Trust III, which holds 450,000 shares, where he serves as Investment Trustee and Co-Administrative Trustee.
Insider Trade Summary
Exercise Price or Tax Liability: 1,415 shares
Exercise Price or Tax Liability
3 txns
Insider
GARCIA ERNEST C. III
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 1,415 | $382.60 | $541K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 922,074 shares (Direct);
Class A Common Stock — 450,000 shares (Indirect, Ernest C. Garcia III Multi-Generational Trust III);
Class A Common Stock — 350,000 shares (Indirect, Ernest Irrevocable 2004 Trust III)
Footnotes (3)
- 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.
- 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.
- 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
Tax-withheld shares: 1,415 shares
Withholding price: $382.60 per share
Direct holdings after transaction: 922,074 shares
+2 more
5 metrics
Tax-withheld shares
1,415 shares
Shares withheld for taxes upon RSU vesting
Withholding price
$382.60 per share
Value used for tax-withholding disposition
Direct holdings after transaction
922,074 shares
Class A Common Stock held directly after Form 4 event
Irrevocable Trust holdings
350,000 shares
Ernest Irrevocable 2004 Trust III indirect ownership
Multi-Generational Trust holdings
450,000 shares
Ernest C. Garcia III Multi-Generational Trust III indirect ownership
Key Terms
restricted stock units, tax-withholding disposition, indirect ownership, Investment Trustee, +1 more
5 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.
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.
indirect ownership financial
""ownership_type": "indirect""
Investment Trustee financial
"The Reporting Person is the Investment Trustee and Co-Administrative Trustee"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CVNA CEO Ernest C. Garcia III report?
Ernest C. Garcia III reported a Form 4 tax-withholding disposition of 1,415 shares of Carvana Class A Common Stock. The shares were withheld to pay taxes upon vesting of restricted stock units, rather than sold in an open-market transaction.
What indirect Carvana (CVNA) holdings are reported for Garcia?
The Form 4 shows indirect holdings through two trusts: 350,000 shares held by the Ernest Irrevocable 2004 Trust III and 450,000 shares held by the Ernest C. Garcia III Multi-Generational Trust III, where Garcia serves as Investment and Co-Administrative Trustee.
What does transaction code F mean in the Carvana (CVNA) Form 4?
Transaction code F on the Form 4 identifies a payment of exercise price or tax liability by delivering securities. In this case, 1,415 shares were withheld to satisfy taxes due upon vesting of restricted stock units awarded to Garcia.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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